Secret Auctions

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Bitcoin Donation Scandal in Czech Republic: Minister's Resignation and Potential Consequences

Czech Justice Minister Pavel Blažek resigned following a substantial Bitcoin donation, raising political concerns.

Giorgi Kostiuk

12 minutes ago

Top Crypto Projects for June 2025: BlockDAG Leads Among HYPE, ADA, and NEAR

Exploring the main crypto projects of June 2025, including BlockDAG, Hyperliquid, Cardano, and NEAR Protocol.

Giorgi Kostiuk

14 minutes ago

Ethereum Foundation Shifts Treasury Strategy to Focus on DeFi

Ethereum Foundation announced a treasury restructuring to optimize fund management with an emphasis on DeFi.

Giorgi Kostiuk

17 minutes ago

What is Secret Auctions?

Bids are completely secret: Bidders can't see if there are any other bids, and sellers can only know if there have been any bids, but not how many. Additionally, until the auction is closed, no price info about any bids is known by anyone, and after the auction is closed the only information revealed is the winning bid. This is the first time this been possible on a blockchain application without a trusted third party - another first for Secret Network.