SERO: Privecy Protection platform

maystro4 (25)in #sero • 5 years ago

Introduction

Although the introduction of blockchain technology and the creation of Bitcoin as the first cryptocurrency is gradually bringing transformation into the world’s economy. With a lot of projects leveraging on its unique features to offer transparent, trusted, safe and Decentralized services to their client.

Yet, the major challenge bothering users of the blockchain is the ability to protect their privacy and also enjoy peer to peer transactions. Both big organizations as well individuals desire complete protection of their data and personal information, they want to hide their identity from the public they want to protect their personal information from being stolen, they want their financial transaction history to be private.

However, the major problem comes from the inability of these two blockchains and another blockchain to support encryption and privacy protection of smart contracts. Also in trying to find solutions on how to protect the privacy of blockchain users globally, Zcash and Monero were created as privacy protection projects. Again another disappointment came when these two privacy protection projects were not supporting Smart Contract. Hence the need to create a super ZERO platform with a Zero proof of knowledge protocol.

What is SERO

Now it is time to look at what benefits the internet can be to us having found the project that is strong enough to handle its defects. So far, the existence of Bitcoin has not done anything as touching the lack of privacy even though there is a free flow and flexibility of use between the blockchain and the web. The details of many transactions can be traced and secrecy has been the main challenge for a long time but Sero has a way of protecting the initiators of transactions such that even when the details are exposed, it will be impossible to trace it to the source where it comes from. This is what sero's privacy does for its users. The project has just been invented with permanent solutions to curb the effects of lack of secrecy and do what is right to make an adjustment. Not only private individuals will enjoy the goodness of Sero, but it was also made for big organizations too and businesses both small and great because no entity is left out when issues of security or secrecy are concerned. Noone will like to have their private information leaked or misused by the public definitely. Sero uses features that are very awesome having what it takes to revamp the state of security in these entities that use it. Sero working with these features is so exceptional in addition to the use of smart contracts that plays a very special role in the ecosystem. The ledger technology will make it up for users through Sero and that will make so many people that have no idea of how to tackle the problems of insecurities so they can apply the sero Innovation in their operations. Some other secrecy coin like Monero and some few others emerged for the same purpose but failed due to one or two difficulties they faced. Now all their lapses and inactions as observed by the team have been studied and proper measures have been taken to ensure Sero makes no such mistakes too.

COMPARE SERO TO OTHER PRIVACY PROTECTION PLATFORMS.

Interestingly, SERO also referred to as Supper ZERO is developed as the first blockchain platform that is able to provide complete privacy protection of blockchains through non- interactive Zero Knowledge Proof. SERO stands out when trying to compare it to other existing privacy protection technologies on the blockchain. This is due to the unique feature of SERO which gives it the ability not just to discover the privacy protection of accounts and every transaction information carried out, but SERO is also able to support Smart contracts based on the SERO chain. Is it not amazing that SERO has the ability to transform the blockchain structure and redesign several protocols including fulfilling the dream of crypto enthusiasts, companies and developers? With SERO, developers are able to create their own encrypted cryptocurrencies supporting smart contracts which are based on the SERO chain.

THE USE CASES OF SERO PRIVACY TOKEN

Computational commitment rewards ( all the more figuring force utilization will be required for applications that use privacy components ). The SERO Token is the local token to be used in the SERO environment and can be utilized to encourage transactions. The token can be utilized by clients for various purposes in their DApp or SERO related ecosystem.
The token can likewise be utilized as a bookkeeping reward.
The token can likewise be utilized to remunerate algorithm providers.
The token can likewise be given as a reward to developers of SERO ecosystem

SERO Cash

Just like many ecosystems on the blockchain the SERO ecosystem is powered by its own utility coin SERO. Built on its own privacy blockchain the SERO Cash will be the major driving force of all. Transaction and activities within the SERO blockchain will be powered by the SERO coin. The use case of SERO coin is numerous which includes rewards for mining and many more. SERO can be store on Sero Wallet available on Android and iPhone...

conclusion

The assets or token calls for respect as they are being used. The use of the assets is going to make a difference because security will be more available than before. That will cause the assets to be used together in the ecosystem, with all the types performing their functions and satisfying all those contracts in the system. The platform will do so well with the developers so the main setback can all vaporize with the solutions given with the dapps that will help to achieve fast execution of programs on the blockchain with the protection features in place controlling the system with the intellectual contracts.