Secret (ERC20) wallet

What is Secret (ERC20) (WSCRT)?

WSCRT is Secret Network's coin in Ethereum clothing. Secret Network itself is a chain built for private computation: its contracts run over encrypted inputs, so an application can use data that stays hidden from the nodes executing it, and SCRT is the coin that pays for that chain. WSCRT is not that coin. It is an ERC-20 minted on Ethereum against SCRT locked on the bridge between the two chains, made so Ethereum applications can hold and trade the asset.

The distinction has teeth. Everything that makes SCRT interesting on its home chain happens on that chain, so a WSCRT balance cannot pay Secret Network fees, cannot be delegated to a validator there and takes no part in its governance. Nor does holding it give you any of Secret's privacy: a WSCRT transfer is a normal, fully visible Ethereum transfer, and the fee comes from ETH in the same wallet. Getting back to native SCRT means going through the bridge, not sending WSCRT to a Secret address. There is also a third thing with a confusingly similar name, sSCRT, which is the private token version living inside Secret Network itself and is unrelated to the Ethereum token described here.

Supported networks in Tangem (1): Ethereum.

Because of that family of near-identical names, the way Tangem lists assets is the useful part: WSCRT appears as its own Ethereum entry with its own balance, separate from native SCRT, and the app shows which asset and which network a transfer is leaving on before you hold the card to the phone to approve it. Read that screen and you will know which of the three tokens you are actually moving, which is the whole difficulty with this one.