When we hear about most platforms we get happy for either getting associated with them or patronising their products and services. Now, this doesn't happen overnight, it started with a step then growing gradually into a reality.
What am trying to point out is that every great platform, innovation or system didn't start in a day, and it is what the said platform offers that makes it to either grow or fail. The perfect example is the blockchain space.
The question will be, why blockchain? Blockchain disrupted systems, platforms sectors etc thus making data breaches a past thing while offering a platform where cyber attacks are hardly heard of. All these were made possible via decentralization, use of smart contracts, decentralized applications and today, privacy cryptocurrencies etc.
Like in the world today, there is always a growing trend, thus in the blockchain space, it looks like the need for privacy cryptocurrencies is growing tremendously. With that being said, the first privacy coin is known as Monero followed by other privacy cryptocurrencies, like Zcash, Dash that aims to offer privacy to blockchain users. Much the same as it is on the planet today, the inadequacies of Monero as well as other privacy cryptocurrencies led to SERO.
What are these inadequacies?
- When studying Monero; regardless of being decentralized and having great scalability still does not support smart contracts while in the meantime users are in danger of getting hacked.
- On account of Zcash, despite offering a decent degree of privacy, however, by utilizing a zero-knowledge proof for encryption limits its efficiency just as it confines its use case scenarios.
- For Dash, it is easy to Implement and operate but also does not bolster smart contracts while its dependence on third-party expertise risks the credibility of the blockchain.
Just like earlier stated, these inadequacies led to SERO. In straightforward terms, SERO is the solution for the inadequacies experienced in current privacy cryptocurrencies.
WHY SERO?
SERO is an entirely different privacy cryptocurrency inferable from the reality its group of experts have accomplished many innovative works in the field of privacy cryptocurrencies, consequently being the first blockchain to accomplish total privacy assurance or protection of blockchains. This was made conceivable by means of the use of a technology known as Non-interactive Zero-knowledge proof.
To further ascertain that SERO's team of experts has truly achieved a lot of innovative works created SERO not just to offer privacy protection of users transactions etc however to likewise bolster Turing complete smart contracts, therefore making it feasible for developers to effectively and proficiently develop their very own encrypted cryptocurrencies which will obviously be founded on SERO chain in this manner supporting Turing complete smart contracts as well.
Another technology used by SERO's team is the NIZK encryption algorithm. With this, SERO updated different protocols just as the blockchain structure, in this manner making it conceivable to offer privacy for Turing complete smart contracts, ensuring privacy protection of numerous applications scenarios as well as securing users from data breaches.
Owing to the fact smart contracts are used to promote transparency; with SERO supporting smart contracts, it will be used in numerous ventures to guarantee there are users information security. One such use case scenario is in the Medical industry where it tackles privacy issues affecting patients and clinics. That is to say, with SERO, both insurance and pharmaceutical organizations will seek significant authorization before utilizing either patient's information or clinics information.
Another use case scenario is in the supply chain industry where SERO guarantee trade secrets are protected.
In the blockchain space today, scalability means a lot. To accomplish scalability to all it offers, SERO uses a technology which has similarity with Ethereum's Plasma, in this manner offering superior anonymity through the use of a multi-chain system. In the long run, SERO will most likely take over centralized systems while offering privacy protection to DApps.
Furthermore, SERO will ensure that transactions details are encoded accordingly making it hard for any third-party to know any details thereof.
CONCLUSION
SERO is a high-value and high-performance privacy blockchain which is built sturdy to solve all issues in existing privacy cryptocurrencies.
By supporting Turing complete smart, the blockchain takes a good position in being adopted in most industries like online gaming, supply chain etc.
Furthermore, by providing complete privacy protection, DApp developers and users can be anonymous.
PLATFORM LINKS
Telegram: https://t.me/SeroOfficial
Discord: 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
Bitcointalk: Kings5050
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2450437