Shinobi Protocol

Privacy Solution for Bitcoin Using the Secret Network

[Shinobi Protocol @ShinobiProtocol]

📣📣Shinobi’s strong #tokenomics promotes sustainable growth in the long term.

💎Total supply: 1 million tokens
💎Initial supply: 19% of total

🥷 Learn how it’s developed to create a robust ecosystem.

https://t.co/4nnsKJ9iIU

$SNB $SCRT

[Shinobi Protocol @ShinobiProtocol]

Q. What is the difference between Cosmos and CosmosSDK?

A. Cosmos is the name of an Ecosystem. CosmosSDK is a Toolkit for building new chains.

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

What do you think of web3 privacy?

$SNB

[Shinobi Protocol @ShinobiProtocol]

Q. Why does Shinobi use Secret Network?

A. Comprehensive privacy on smart contract is essential for creating a trustless interchain bridge.
At the moment, Secret Network is the only network that has implemented the secret contract mechanism.

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. Why does Shinobi use Secret Network?

A. Comprehensive privacy on smart contract is essential for creating a trustless interchain bridge.
At the moment, Secret Network is the only network that has implemented the secret contract mechanism.

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

SNB can used to incentivize participation in Shuriken Network, Locked Staking, and Shinobi governance.
SNB Voting Escrow will be introduced to boost the growth of Shinobi Protocol !!

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is SNB token?

A. SNB is the native token of Shinobi.
It uses the SNIP-20 token standard on Secret Network.

[Shinobi Protocol @ShinobiProtocol]

Q. What is the difference between Cosmos and CosmosSDK?

A. Cosmos is the name of an Ecosystem. CosmosSDK is a Toolkit for building new chains.

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Shinobi expands the utility of Bitcoin by providing a way to send and Bitcoin across different blockchain networks in a trustless manner.
It will also open up the door for Bitcoin composability on smart contract chains and IBC applications.

#ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is Bitcoin ?

A. If you don’t know what Bitcoin is, I’m surprised you got this far !
Bitcoin is the most important invention of the last century, separating money from the state and providing access to an open and fair monetary network to everyone in the world.

[Shinobi Protocol @ShinobiProtocol]

The SNB Voting-Escrow consists of
- Lock Mechanism (max 4 years. ve Power is calculated as Amount * Remaining Time)
- Liquidity Mining
- Boost Mechanism (More ve Power, More rewards)

#ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is a Voting-Escrow ?

A. The Voting-Escrow mechanism was first implemented by https://t.co/NUnMfWiPn5.

[Shinobi Protocol @ShinobiProtocol]

Q. What is SNIP-20 ?

A. SNIP-20 is a fungible token standard of Secret Network.
SNIP-20 allows the composability of Shinobi assets such as SNB and sBTC !

#ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is a Secret Contract ?

A. Secret is a smart contract of Secret network. Secret contract can keep the data & result of execution privately, least of Secret Network Validators.
That why Shinobi can build on 🥷

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What makes Shinobi special 🥷？

A.
- non-custodial (no middleman)
- zero collateral (secured by TEE of Secret Network)
- Interoperable (Built on CosmosSDK chain & integrated IBC)

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Shinobi Development Update 🥷
We launched SNIP-20 token vesting cotract on Secret Network.
Open the gate to the standard of vesting contract of the secret network !

https://t.co/teUqrCdzD6

[Shinobi Protocol @ShinobiProtocol]

Q. What is IBC?

A. IBC (Inter-Blockchain Communication Protocol) is a protocol to handle authentication and transport of data between two blockchains.
(from https://t.co/Uz3Wk79hbx )

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Nonetheless, a light client can verify the information retrieved from a full node in a trustless manner.

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is a Light Client?

A. Unlike full nodes, light clients do not store all the information contained in a block. It requests necessary information from the full node as needed.

[Shinobi Protocol @ShinobiProtocol]

Using this technique, the attacker may extract information the contract had attempted to keep private.

… and Shuriken fixes this! https://t.co/cPEyup04uq

📚 #ShinobiEducation 📚

[Shinobi Protocol @ShinobiProtocol]

Q. What is a Side Fork Attack

A. In a side fork attack, an attacker forks the Secret Network blockchain from mainnet to their local environment. They will execute contracts on their local fork chain and analyze the results.