Blockchain Platform, SERO Improves Upon Privacy and Supports Smart Contracts

LAS VEGAS, December 4, 2018 (Newswire.com) - Recently, a project called SERO successfully launched and solved the problems seen in Zcash which are limited privacy and inability to support anything more than simple transactions.

SERO means Super Zero. It is the world's first blockchain-based platform that implements privacy protection based on zero-knowledge proofs and supports Turing's complete smart contract. SERO team created the Super-ZK zero-knowledge proof encryption based on zk-SNARKs.

At present, the Super-ZK is more than 20 times faster than Zcash – the biggest bottleneck for the wider application of zero-knowledge proof. SERO enhances the practical applications of zero-knowledge proof system.

SERO team of technical experts, developed a plan using Turing’s complete smart contract. SERO’s platform truly runs on an anonymous blockchain system; therefore, expanding the application of blockchain system within the commercial space. The rights of issuing secure anonymous digital assets are no longer exclusive to a few technically-inclined individuals that have deep knowledge of cryptography. Ordinary system developers with the business need to issue anonymous digital assets can issue their anonymous digital assets on the SERO chain to establish their privacy ecosystem.

The Turing’s completion of smart contracts on the current version of the SERO chain also supports the issue and exchange of privacy tickets with complex data structures. The support of anonymous tickets expands the scope of application for privacy smart contracts. Blockchain application developers are able to put business-related data securely on the chain without the concerns of privacy disclosure of related data.

With further development of systems such as SERO; the promotion of privacy blockchain technology will reach a wider audience. SERO demonstrates engineering feasibility for the sophisticated security encryption technology using zero-knowledge proofs. The privacy application and ecosystem pioneered by SERO will bring much innovation to the field.

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GitHub : https://github.com/sero-cash/go-sero

Source: SERO