SERO: Smart Contract Privacy Protection Blockchain & Its Token Allocation
SERO has re-shapened the blockchain structure and various underlying protocols, and made privacy protection of smart contract a reality. Enabling privacy protection measures available for a wider range of application scenarios, and making the attacks on user’s private data more challenging with the advanced NIZK encryption algorithm.
Smart contract is a computer protocol designed to distribute, verify or execute contracts in an information-based way. Turing complete smart contract system on the blockchain allows developers to write any complicated contract that lives on the blockchain and can be executed on the blockchain. However, in smart contracts the entire sequence of actions is distributed through the network and recorded on the blockchain and is publicly visible. Before now, none of the previous blockchain systems has been able to support encryption and privacy protection of smart contracts. The lack of privacy becomes the main obstacle to the widespread adoption of decentralized smart contracts.
SERO is regarded as ''privacy Ethereum''. Its official release gave the world the first anonymous cryptocurrency that supports smart contracts. It boast of being the first smart contract decentralized platform that is based on zero-knowledge proofs, and also the first platform that allows developers to issue privacy crypto assets that run smart contracts in Dapps. The SERO team not only considered the privacy of DAPP Users' accounts and transactions but also puts into consideration the privacy protection of DAPPs’ developers, making privacy protection of the DAPP Ecosystem truly secure and stable.
The SERO team has put together an integrated solution that comprises of a complete set of 3 in 1 suite, that can provide a complete privacy protection solution for DAPPs:
SERO: A privacy protection cryptocurrencies platform that supports smart contracts. It deeply integrates the advantages of both: the openness of smart contracts and the closeness of privacy systems.
ALIEN Protocol: This protocol is designed to solve security problems within the transmission of information in decentralized networks. It is a distributed DNS system that can use existing P2P network interaction information, has the functions of IP automatic switching and dynamic addressing, resists attacker blocking, and enables the entire data transmission network to achieve the ideal stable security.
CASTROL Protocol:This protocol is designed to protect decentralized networks and provides privacy protection for every node in the Internet. The anonymous protection of IP addresses can be realized through decentralized network, which can be used to protect the privacy of physical nodes in both centralized and decentralized networks.
SERO Token Allocation
SERO has a total supply of 1 billion, far more than what is offered by Zcash which has a total supply of 21 million. The allocation of SERO token puts into consideration the interests of miners and the development of ecological construction.
Below is its distribution scheme which is considered relatively fair.
Total 1 billion SERO coins:
80% Reserved for Miners : A total of 800 million SERO, will be released over a period of 101 years.
10% Reserved for founder and Team members : A total of 100 million SERO, will be released over a period of 101 years in proportion to mining.
10% Reserved for Investors and Institutions : A total of 100 million SERO ERC Tokens.
SERO has achieved a very important milestone in the development of the blockchain industry. It has paved the way for future blockchain technology to be more commercialized, while ensuring that business sensitive information is not leaked in the blockchain. Compared with other privacy cryptocurrencies, SERO's supports of Turing complete smart contracts, privacy protection measures and its related decentralized applications have significantly broadened its use-case scenarios.
Links To Sero Resources
Website: https://sero.cash/en/
Whitepaper: https://sero.cash/en/uploadfile/upload/2019052010565112.pdf
Reddit: https://reddit.com/r/SERO_Official
Facebook: https://www.facebook.com/SEROProtocol/
Telegram: https://t.me/SeroOfficial
Twitter: https://twitter.com/SEROdotCASH/
Medium: https://medium.com/@SERO.CASH
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