Insights About SERO
This is an infrastructure that carters for security of users data. It takes responsibility of Bitcoin security inefficiencies, especially situations where users Blockchain payments history are publicly showcased.
SERO is an improved version of Zerocoin based on its significant function and its operational efficiency. It creates room for the security of users transaction details which eventually stretches Bitcoin protocol to a great extent. In fact SERO is here to make sure that your users data is adequately secured.
The Science Behind SERO Project
SERO tech is characterized by SERO-knowledge proofs, which allows validation of transaction details with no disclosure of amount details and parties involved publicly. It also employs certain SERO-knowledge proofs called zk-SNARKs in its operations.
SERO runnings is heavily rooted on core science and carefully audited by third parties. In fact, it is an open-source protocol, created and established by a brilliant engineering team with specialty on Electronic-security and based on Bitcoin Core's battle-tested codebase.
SERO ToKen And Usage
A utility token is issued by the SERO team having the capacity of core functionality to make the ecosystem work efficiently. Therefore the SERO token takes responsibility of the these needs;
•The users who played one role or the other towards improvement of the network will be accorded compensations with SERO.
• Booking Keeping attracts rewards and other incentives from SERO.
•SERO project will also be used to reward users with calculation as compensation to their admin on the SERO platform.
SERO's Future Plans
Sero intends to bring to actualization these plans below;
• SERO has been up and doing in its future plans. In fact the status of homomorphic encryption of smart contracts is already at the stage of development and version 2.0 on SERO platform is its destination. The project team found an approach to balance data security and functions, via on-chain and off-chain computing. The vision aims at total accomplishment of task very soon.
• The decentralized wallet application is also currently undergoing development and on its way to be launched any time soon.
• In a short time, new consensus approach will be released by the team. This a new mechanism known as SE-Random in a SERO updated version. The design is to combine PBFT theory and VRF algorithm, all in this consensus mechanism with capacity of balance efficiency and rationality.
• SERO also has in its agenda, the future introduction of Secure Multi-party Computing (SMC), in order to create room for extensive aid for off-chain data under the premise of data protection.
• In SERO lies the multi-chain system which happens to be its scalability panacea. SERO will employ a mechanism related to the Ethereum’s Plasma for functional expansion based on multi-chain mechanism. The status updates every second and has the ability to reach extremely high tops.
Conclusion
Running a Comparison on SERO with other current Privacy coin is similar to comparing the present and the future in terms of technological inventions and innovations. It is always the bedrock of Blockchain security and remains the pillar of privacy coin, encouraging the speedy improvement of DApps, including creating availability of Smart contracts which will be a significant game changer in this globe of privacy coin.
Please Kindly click on the web link below for more in depth learnings on SERO and data protection.
Website: https://sero.cash/en/
Whitepaper: https://sero.cash/en/uploadfile/upload/2019052010565112.pdf
Telegram: https://t.me/SeroOfficial
Facebook: https://www.facebook.com/SEROProtocol/
Twitter: https://twitter.com/SEROdotCASH/