No matter the type of business we do, its genuineness etc, privacy can't be taken for granted. That is, the ability to ensure our privacy is protected in whatsoever we do matters a lot.
In the world today, blockchain is highly regarded owing to the fact that to a great extent it ensures that users can at least for once own their data; that is being in control of their personal data, funds etc, which is seen as DECENTRALIZATION; this decentralization was made possible by Bitcoin blockchain.
Furthermore, owing to the fact that humans are not too trustworthy and can change an agreement pertaining a business transaction etc, smart contracts were created by Ethereum blockchain. Thus with smart contracts, any agreement reached by two parties is enforced and adhered to.
Therefore one can see that in addition to decentralization, the use of smart contracts also adds to the valuble nature of blockchain technology.
However, as time goes on the need for anonymity and/or privacy becomes highly recommended, thus the advent of privacy coins with Monero taking the lead. Just like Bitcoin which ushered in decentralization and Ethereum Introduced smart contracts; a group of experts behind a privacy and anonymity platform believes that since Monero as well as other privacy coins lacks the ability to ensure privacy for smart contracts, created SERO CHAIN Or SUPER ZERO.
Just like in the world today, when one project paves way for innovative technology, with time, others will spring up with the aim of banking on the shortcomings of the first thus adding more value to the innovation. This is, in fact, the nature of SERO, HOW?
With the creation of SERO, smart contracts can have anonymous nature, thus making SERO the first cryptocurrency to achieve such. In the same way, owing to the fact that SERO team is highly experienced in the field of cryptography etc, they became the first team to offer solutions to the privacy issues in current privacy coins; issues such as in Monero where there is a possibility of users identity being disclosed.
In the same way, in addition to what SERO team offers is the privacy protection of Decentralized Applications (DApps); that is users data as well as that of the DApp developers are protected in the long run leading to highly secure and stable privacy protection cryptocurrency.
Indeed for a project or platform to stand out there has to be something unique about it, this is the case of SERO. Owing to how experienced the SERO team is, they built SERO to utilize non-interactive Zero-knowledge proof which then leads to the privacy protection of the blockchain system. With this feat, makes SERO the first to achieve such accomplishment.
In addition, SERO stands out from another blockchain system because it supports turing complete smart contracts as well as ensuring the privacy of users accounts and their transaction information; while on the other hand, by leveraging SERO blockchain, developers can issue or create their own encrypted and privacy protected cryptocurrencies which will support smart contracts.
Since SERO is the first blockchain to support Turing complete smart contracts, it succeeded in;
a. Redesigning various protocols in each case ensuring optimum privacy,
b. Ensuring that adequate privacy protection measures are readily available for different application scenarios,
c. Ensuring any sort of attack on any user's data, private keys etc is repelled. This feat is made possible with an advanced technology known as NIZK encryption algorithm.
With all these possibilities, SERO did not only stand out in offering privacy protection but also succeeded in expanding its use case in various platforms and industries.
SERO has succeeded in ensuring that the data of participants of the blockchain system; ranging from DApp developers, users as well as turing complete smart contracts can be protected against breaches or theft.
Also, another possible feat worth knowing about SERO is that it will ensure the users' address is "Un-associable"; that is, since every user in any blockchain network has their own address collection, thus there is a possibility of associating such addresses to know the identity of the user. Thereby to ensure this doesn't take place, the SERO team Implemented an encryption technology to make the payment address unrelated.
Website: https://sero.cash/en/
Whitepaper: https://sero.cash/en/uploadfile/upload/2019052010565112.pdf
Telegram Group: https://t.me/SeroOfficial
Discord Group: https://discord.gg/3AZVMRU
Facebook: https://www.facebook.com/SEROProtocol/
Twitter: https://twitter.com/SEROdotCASH/
Medium: https://medium.com/@SERO.CASH
Website:https://sero.cash/en/
Whitepaper: https://sero.cash/en/uploadfile/upload/2019052010565112.pdf
Author's Bitcointalk Username: Flezy
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485
