SERO: PIONEER GLOBAL CRYPTOCURRENCY INNOVATION TO ACCOMPLISH COMPREHENSIVE PRIVACY SECURITY - BOLSTERING SMART CONTRACT VIA ZERO KNOWLEDGE PROOF

Introduction:

Our world today, internet users seem to be very much concerned and desperately demanding the security of users’ privacy. It so sad that many popular companies indulge in exposing privacy data of a large number of Internet users.
This has actually been a serious challenge in recent times and has ignited the attention of numerous governments of the world. To a great extent, the European Union assumed responsibility by initiating and instituting the GDPR (General Data Protection Regulation) to enforce user privacy security by companies.
Obviously, privacy exposure by Internet users is as a result of dearth of appropriate data security measures seen in a centralized platform. Nevertheless, the application of the newest technology (cryptographic algorithm), proves to proffer solution to ensure the protection of users privacy.

However, the emergence of a result-oriented and innovative infrastructure called SERO has changed all that with the proven panacea to handle the above issues.

What Is SERO?

SERO also called Super Zero refers to the first BLOCK CHAIN system in the globe today, that actually brings the total privacy security into reality, by the means of non-interactive ZERO KNOWLEDGE proof.

When Comparing this technology to the BLOCK CHAIN privacy protection technologies already in existence, SERO can not only bring privacy protection of information on account and business dealings into reality but also gives support to Turing complete smart contracts. Furthermore, encrypted cryptocurrency giving support to smart contracts can also be invented by developers using SERO-Chain.

THE BASIC FEATURES OF SERO PLATFORM

The SERO framework comes with fascinating features it leverages in running its functions;

*Account System: Accounts consists two categories: User account (32-byte seed chosen by the user), the contract account (generates a 64-byte address corresponding to the smart contract environment installed by the user); the two categories are non-repeatable and unique.

*Assets System: User account or smart contract account has the attribute of managing an unlimited variety of assets. With the exception of the settlement of transaction fees using SERO coins, each asset has the same business dealings characteristics as SERO coins.

*Witness System: SERO protocol uses non-interactive ZERO KNOWLEDGE proof (NIZK) and needs to provide witness information of assets source when generating transactions.

*Prove System: SERO's proof system includes a calculation circuit based on the directed acyclic graph to describe the internal constraints of each SERO transaction: input and output balance of various asset types, verification of public and private key, the validity of commitments, the validity of witness and so on.

THE BENEFITS OF SERO USAGE

SERO As corroborated by trusted experts in the privacy SPACE provides for Users several benefits including the following;

-On the BLOCK CHAIN network, each transaction possesses an input and output on which every flow of business dealings is traced. Therefore SERO is well crafted to dismantle the chain existing between the two transactions thereby making the privacy attack totally impossible.

-Every user has a private collection address in the BLOCK CHAIN network and all business dealings has a corresponding identity on the address in the network. This results in exposure of user private data, but the good news is that SERO applies encryption technology ensuring that payment address is unrelated.

-The real behaviour of users’ posses’ statistical features. In a situation where there is a correlation that showcases such statistics in the BLOCK CHAIN network, there is the possibility to figure out the addresses is owned by a specific user by statistically analyzing the BLOCK CHAIN data. Therefore,
SERO inherently possesses capacity by technological assistance, to hide the address completely including the interaction between addresses.
-During transactions data hiding process, SERO, will not absorb all the data into its scope. SERO will put into consideration, the usage characteristics of the user and concerns before periodically carrying out research and advancement.

SCIENCE BEHIND SERO TOKEN
At the core of SERO tokenization technology are SERO-knowledge proofs, which permit transactions data to be validated without showcasing information about the amount and the parties involved. SERO uses specific SERO-knowledge proofs called zk-SNARKs i.e. ZERO KNOWLEDGE succinct non-interactive arguments of knowledge.
SERO has its token foundation on strong science and audited meticulously by third parties. It is an open-source protocol, built by an engineering team that is specialized on E-security and originally based on Bitcoin Core's battle-tested codebase.

CONCLUSION

SERO improves on Zerocoin, both in functionality and efficiency. It extends the Bitcoin protocol by creating privacy preservation payments. SERO seeks to ensure that all users privacy are well protected. Finally, SERO looks forward to applying a more sophisticated consensus mechanism to enhance the efficiency of SERO networks.

For more information about the Sero infrastructure, please click on the links below:

Official website : https://sero.cash
Tencent : https://v.qq.com/x/page/s0792e921ok.html
YouTube :

Twitter : https://twitter.com/SEROdotCASH
Medium : https://medium.com/@SERO.CASH
Github : https://github.com/sero-cash
Reddit : https://www.reddit.com/user/SEROofficial
BitcoinTalk : https://bitcointalk.org/index.php?action=profile;u=2449455;sa
Linkedin: https://www.linkedin.com/company/sero-global-inc/
Facebook : https://www.facebook.com/SEROProtocol
Discord: https://discordapp.com/invite/3AZVMRU
YouTube: https://www.youtube.com/c/SEROdotCASH

Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625