In recent times, protection of Internet users data is hardly a guarantee. Globally, numerous famous sites do not ensure that the private information of many Internet users are protected. So this has posed to be a major challenge on users who are continually seeking for the security of their private information on the Internet.
Many governments of the world haven been notified on this challenge. In response to this, the European Union took action, by introducing and implementing the General Data Protection Regulation (GDPR) to make sure that companies secure the private data of every user.
Many Users are often embarrassed with lot of privacy porosity due to inappropriate data protective formats available in the centralized cryptocurrencies platforms. Notwithstanding, the introduction of cryptographic algorithm brings remedy for users to enjoy their privacy.
However, the good news relies on SERO, the tested and trusted solution to erase this challenge of privacy porosity.
What Is SERO All About ?
SERO also known as Super Zero, happens to be a blockchain system that seeks to actually turns the entire protection of users privacy into a dream come through, using a non-interactive zero-knowledge proof.
If you try to compare SERO to other technology of blockchain privacy security already in use, you will discover that SERO activities is not only centered on privacy security on users account and transaction data, but also aim at supporting Turing complete smart contracts. In addition, encrypted cryptocurrency rendering support to smart contracts can also be established by developers using SERO-Chain.
The Main Features of SERO Platform
SERO applies these features in running its functions smoothly;
-Account System: This accounts system comprises of two categories: The first is called User account(32 byte seed selected by the user). The second is called contract account(generates a 64-byte address to-match with the smart contract environment installed by the user); the two category are non-repeatable and very special.
Assets System: User account or smart contract account, has the features that enables the managing of unlimited variety of assets. The only exception is the settlement of transaction fees with the use of SERO coins, each asset has the same transaction attributes or features as SERO coins.
Witness System: SERO protocol applies non-interactive zero knowledge proof (NIZK) and it's very necessary to provide witness information of assets source when generating transactions.
Prove System: This SERO proof system includes a calculation circuit, based on 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, validity of commitments, validity of witness, etc.
What Benefits Are Seen In SERO Usage?
SERO Users are set to enjoy several benefits including the following;
In Blockchain network, each transaction has an input and output that enables the tracking or tracing all transactions flows. This confirms that, SERO is well designed to disengage the existing link between the two transactions thereby making it completely difficult for any attack on users privacy.
All users have their private collection address and all transaction has a to-match identity on the address in the network. This creates a loop hole to spy users private data, but the good news is that SERO uses encryption technology to make sure that payment address is unexposed.
The reality of users behaviour has statistical characteristics. For instance, where a correlation that points out such statistics in the Blockchain network, there is possibility to know which user owns the address by carrying out statistical analysis on the blockchain data. So this is where SERO carries out the technological function of completely hiding the user address plus every transpired interaction that took place or taking place on the addresses.
The hiding process of these data doesn't entail the absorption of all the data into the scope of SERO, rather the usage conduct of the user and challenges will be considered as well. This will enable appropriate periodic research and development.
Science Behind SERO Token
At the center of SERO tokenization technology are SERO-knowledge proofs, which ensures the validity of transaction data without showcasing info about the amount and the parties involved. SERO applies specific SERO-knowledge proofs called zk-SNARKs i.e. zero-knowledge succinct non-interactive arguments of knowledge.
The foundation of SERO token is based on strong science and audited meticulously by third parties. It is an open-source protocol, established by an engineering team that specializes on E-security and originally based on Bitcoin Core's battle-tested codebase.
Conclusion
SERO improves on Zerocoin, both in functionality and in efficiency. It extends the Bitcoin protocol by creating private data preservation payments. SERO seeks to make sure that every user private info is well protected. Finally, SERO look forward to apply a more sophisticated workable mechanism to improve the efficiency of SERO networks.
Reference links
Website: https://sero.cash
Twitter: https://twitter.com/ SEROdotCASH
Github: https://github.com/sero-cash
Reddit: https://www.reddit.com/user/SEROofficial
ANN: https: // bitcointalk.org/index.php?topic=5123382.0
Linkedin: https://www.linkedin.com/company/sero-global-inc/
Facebook: https://www.facebook.com/SEROProtocol
Authored by nanaimogold
BTT URL - https://bitcointalk.org/index.php?action=profile;u=12