Secret Network V1.18 Upgrade Vote
APR
17
Event date
Thursday 17 April 2025, UTC
Event description
- Secret Network’s v1.18 upgrade proposal, posted April 10, 2025, introduces MRENCLAVE sealing to mainnet, a cryptographic mechanism that ensures secure computation in trusted execution environments, addressing privacy concerns in DeFi where 80% of users prioritize data anonymity, per a 2023 Chainalysis report.
- The upgrade includes emergency measures like a 66% validator signature threshold for rapid response to enclave bugs, a critical safeguard given that 15% of blockchain exploits in 2024 stemmed from smart contract vulnerabilities, according to a CertiK security analysis.
- Additional features, like hard-coded admin settings for Shade Protocol contracts and SNIP-2X code hash updates, aim to maintain compatibility during upgrades, tackling a common issue in blockchain ecosystems where 30% of dApps face downtime during migrations, as noted in a 2024 Messari report.
Secret
Secret
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