Introduction
Today I am taking my retinue of blog readers and followers through another exciting discourse in the blockchain ecosystem. Taking a cursory look at the present globe reveals that users of innovative internet technology are obviously concerned and desperately demanding the security of users’ privacy. For them, it is so heartrending that many renowned companies indulge in exposing privacy data of a large number of users of the Internet.
Ultimately, this has actually been a serious challenge in recent times and has ignited the attention of numerous governments of the world. Largely the European Union assumed responsibility by initiating and instituting the GDPR (General Data Protection Regulation) to enforce user privacy security by business entities.
Apparently, privacy exposure by Internet users is because of the 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 therein.
All the same, the emergence of a result-oriented and innovative infrastructure called SERO has changed all that with the proven panacea to handle the above challenges.
INSIGHTS ABOUT SERO
Looking at the infrastructure, SERO that is also called Super Zero refers to the pioneer BLOCKCHAIN system in the globe today that actually brings the total privacy security into reality, by the means of non-interactive ZERO KNOWLEDGE proof aboard.
In the course of evaluating this technology to the BLOCK CHAIN privacy protection technologies already in existence, SERO can not only bring privacy protection of information on the account and business dealings into reality but also gives support to Turing complete smart contracts. Furthermore, developers using SERO-Chain internally can also invent encrypted cryptocurrency giving support to smart contracts.
SERO INFRASTRUCTURE BASIC FEATURES
It is no longer news that the SERO platform comes with fascinating features it leverages in running its functionalities;
*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.
*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 and innovative.
*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.
*Witness System: SERO protocol uses non-interactive ZERO KNOWLEDGE proof (NIZK) and needs to provide witness information of assets source when generating transactions.
ADVANTAGES ATTACHED TO UTILIZING THE SERO INFRASTRUCTURE
SERO has continued to generate good and rave reviews by enthusiasts in the privacy SPACE providing for the utilizers several advantages benefits including those listed below;
*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.
*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.
*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.
*The real behavior of users possess’ statistical features. In a situation where there is a correlation that displays 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.
WHAT IS THE TECHNICAL SAVVY BACKING THE SERO TOKEN
Besides, the foundation of SERO tokenization technology is a SERO-knowledge proof, which permits transactions data to be validated without highlighting information about the amount, and the parties involved. SERO uses specific SERO-knowledge proofs called zk-SNARKs i.e. ZER-KNOWLEDGE succinct non-interactive arguments of knowledge therein.
Ultimately, 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 inherently.
CONCLUSION
After digesting this in-depth review, you surely agree with me that 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 is well protected. Let me end this by saying, SERO looks forward to applying a more sophisticated consensus mechanism to enhance the efficiency of SERO networks as a veritable tradition
You may wish to know more about the Sero platform, please click 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
