The blockchain industry has seen numerous teams try to provide a solution to privacy protection issue, amongst them includes the following solution; the ring signature, the coin mixer, and the zero-knowledge proofs.
Amongst all solution offered, zero-knowledge proofs are regarded as the most cutting-edge, effective and also the most powerful solution. It has an app which detects when encrypted hash data is present in each block, this beforehand knowledge help in the transaction operation.
However, the industry is now facing a problem of how Zero-knowledge can be accepted as a universal solution in a wide range of blockchain systems. A lot of problems are faced to achieve this and some of which are listed below:
• Generation of proofs low efficiency.
• The present mainstream anonymous currency platform inability to support the blockchain platform that supports smart contracts.
• The inability of the blockchain platform to provide privacy protection based on zero-knowledge proofs.
SERO's Solution
The solution to the above name problems is been given by the Sero project team. The team made a Sero "Super Zero" platform and serves as the first platform that achieves the feat of privacy protection based on zero-knowledge proofs technology and also endorses Turing's complete smart contracts operation. This is been achieved as a result of the team'effort in developing a Super ZK zero-knowledge proofs encrypted system based on zk SNARKS. The Super-ZK system is known to be 20 times faster than Zcash's current system in the proof generation speed, which add to the knowledge of users and also cause an advancement to the practical aspect of the zero-knowledge proofs.
Distinguishing Characteristics Of SERO Which Makes It Different From The Rest Are As Follows:
• SERO is known to be a fully anonymous currency. The SERO coins offer a full anonymous transfer.
• The zero-knowledge proof is the technology behind the anonymous feature of SERO, it has a more optimized circuit and ECC components than other platforms and its encrypted speed is recorded to be faster than Zcash.
• SERO gives users who use smart contract to issue tokens and tickets the ability to participate in anonymous transfer and this is a result of SERO's support of smart contracts.
• SERO possesses four different types of assets which are; SERO coins, tickets, anonymous Tokens, and packages.
SERO Token
SERO's token is created by the team to be used to participate in the activities of the platform, and also used to serve as an incentive for users who has positive impacts on the platform.
Token Information
Ticker: SERO
Platform: Own blockchain
Token Type: Utility
Available for sale: 200,000,000 SERO (20%)
Total supply: 1,000,000,000 SERO
Conclusion
SERO application is leading the world privacy platform that makes use of zero-knowledge proofs in making the platform safe and anonymous. Apart from being the world's first privacy cryptocurrency to support smart contracts, it is also known to be the first platform that gives developers the go-ahead to give out anonymous tokens that can be used in DApps and support smart contracts.
Important Links
Official site: https://sero.cash
Tencent: https://v.qq.com/x/page/s0792e921ok.html
Twitter: https://twitter.com/ SEROdotCASH
Medium: https://medium.com/@SERO.CASH
Github: https://github.com/sero-cash
Reddit: https://www.reddit.com/user/SEROofficial
ANG: https: // bitcointalk.org/index.php?topic=5123382.0
Linkedin: https://www.linkedin.com/company/sero-global-inc/
Facebook: https://www.facebook.com/SEROProtocol
Bitcointalk username: Profitgenerator212
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=914980