The need to protect user privacy on the internet has become of critical import due to the rampant cases of data and identity theft, privacy invasion and attacks. This has not only created a negative impact on users experience, but has also resulted in huge loss of money for both businesses and individuals. The ghost of the recent Facebook leak still haunts with a 87 million users data compromised and 50 million dollars lost. Insufficient data protection mechanism and centralization of data storage can be ascribed to the culprits.
The blockchain has had a profound effect on almost every financial sector of traditional exchange of values by eliminating third-party and establishing trustless and decentralised medium of exchange easily audited by anybody. By recording transactional history on blockchain data is secure, immutable, and cannot be manipulated by anybody.
However, dealing with digital assets could be an extreme difficulty task for users, due to the private keys and wallet they've to juggle with for every assets they want to own. These assets, which are acquired from exchanges often have security and privacy concerns attached to them especially when it come to storage and transfer of these assets. Since the exchanges is served as custodian, they've become the target of attacks and its not unusual to wake up and find out their assets have vanished into thin air
For those getting into cryptocurrency, bitcoin remains their first exposure Bitcoin blockchain has made it completely effortless to transfer and exchange values for both businesses and individuals, greatly reducing the cost of transactions. However this blockchain is only capable of executing seven transaction per second (TPS) resulting in congestion and high transaction, the moment there is traffic on its network.
So what does the decentralized data and privacy looks like? It's look like Sero.
Sero, The Optimisation Of Blockchain
Sero is the first world blockchain platform solutions that whole and understands the concept of the privacy protection from the grounds up. This platform offers a redesign blockchain that will not only provide much more higher mechanisms for privacy protection, and for decentralized applications DApps, but would also enable potential developers to create and issue their own encrypted cryptocurrency capable of executing smart contract on the sero blockchain.
Sero will ensure users that users data privacy are safe on its chain and inaccessible by bad actors due to its ground breaking NIZK encryption algorithm. This innovative protection mechanisms makes it impossible to get access to any user privacy data or identity on the zero chain.
NIZK
This is a set of complex mathematical algorithm which makes it extremely difficult and complex to understand the user's privacy data and manipulate by any bad actors. With its advanced level of protection mechanisms, SERO will strive to ensure that all its user privacy data are kept safe from any malicious attacks and out of harms way. Users will have full confidence that their privacy data are well secured and protected on the sero chain, and also would not have to worry on privacy leakage anymore.
For more insightful information kindly click on one of the links below
Website link
https://sero.cash/en/
Tweeter link
https://twitter.com/SEROdotCASH
Reddit link
https://reddit.com/r/SERO_Official
Facebook link https://www.facebook.com/SEROProtocol/
LinkedIn link
https://www.linkedin.com/company/sero-global-inc/
My Bitcointalk url
https://bitcointalk.org/index.php?action=profile;u=2551649