Privacy is a critical aspect that many people tend to guard generously. Since the advent of the internet, our full control over our personal information spiraled downwards, as social media networks and big data monopolists are now in charge. Hence, we did not only lose our data but also face a likely threat of data monopoly.
The blockchain technology, to a large extent, was able to curb the malaise. The launch of notable privacy coins like Dash and Monero led to a drastic reduction for information that is under the control of third parties. As feasible as their operations were, these coins still lacked the capability of utilizing smart contract technology. To that end, a search continued in quest of a crypto coin that would fit into the gap.
Super Zero (SERO) is a digital asset that possesses relevant features that chart the way for a new module of privacy coins. Aside from boasting of these innovative structures, the coin also doubles as a pioneer cryptocurrency that would make use of Turing-complete smart contracts in the writing, distribution, and execution of complicated contracts within the blockchain. By virtue of this layer, SERO just edged its way forward into becoming one of the most sought-after privacy-focused crypto coins.
Privacy Protocols
It’s worth mentioning that the coin has a tri-architecture, which comprises the coin itself and two protocols. The latter, which would be launched soon, is meant to function as privacy protocols for complete protection of users and assets.
The first on the list is the CASTROL Protocol, which is charged with the responsibility of obfuscating IP addresses. It also helps in keeping physical nodes private across a wide range of networks, including the centralized and decentralized.
The second and last of the 3 architectures is the ALIEN Protocol. This is responsible for resisting and blocking attackers, enforcing an automated switching of IP addresses, and transmitting relevant data, which boosts the security of the network.
The Turing Complete Network
It’s worthy of note that SERO makes use of the non-interactive zero-knowledge proof (NIZK) mechanism to protect the details of a transaction. Moving forward, it also delegates the Turing complete smart contract as a disruptive tool to mitigate the likelihood of a traced transaction. In the same regard, it implements an encryption mechanism to hide the identities of transacting parties.
DApps Development
It’s no longer news that decentralized applications are becoming more prominent in the decentralized community. Nevertheless, they are yet to reach an amazing height because of the limited privacy that threatens their further growth. SERO sets the ball rolling by empowering DApps’ developers to create privacy coins around these applications. With this in place, it would be easier to secure the DApps ecosystem better while enabling the use of these coins for interactions with the apps.
Privacy is gradually returning to users courtesy of the blockchain technology. It takes a viable coin like SERO to extend the reach for maximum protection of digital assets and the users. Thus, the coin looks good to achieve its goals.
The blockchain is recorded through the miners, who are the third parties to the transaction. If all the data about the deal are hidden, how do miners account for the transaction? In the anonymous transaction between shielded addresses, the miners records contain only evidence of the existence of an undischarged balance and the creation of a transaction, without recording the blocked address and the amount of the transaction itself. During a transaction, the sender uses the private key to sign the transaction for that Zcash, proves that he has access to the Zcash and provides zero-knowledge proof that the Zcash was authorized to consume. The miner only needs to verify the zk-SNARKs without having to know anything about the address to record the transaction.
Zcash wallet addresses fall into two categories: transparent and shielded. The transparent address function is similar to bitcoin, and the transaction information (including the transfer address and the transaction amount) is available in the block information. Shielded addresses enhance privacy, and address information and transfer amounts are not shown in the block information, and third parties cannot access the blocking information through open channels. Sending or receiving with a shielded address requires generating zero-knowledge certificates that allow others to authenticate the encrypted data of the transaction without generating information disclosure.
Website: https://sero.cash
Twitter: https://twitter.com/SEROdotCASH
Medium: https://medium.com/@SERO.CASH
Github: https://github.com/sero-cash
Reddit: https://www.reddit.com/user/SEROofficial