SERO - THE FUTURE OF PRIVACY BLOCKCHAINS

adekogbe (53)in #blockchain • 5 years ago

Introduction

The Internet

The Internet as we know it, right from its invention to all of its many different present and potential applications is a truly amazing thing, for it has revolutionized human interactions. The internet has consistently changed the ways in which humans go about their daily lives. We have grown more dependable on the internet for different needs, from business, financial, social, recreational needs and so much more.

The internet is great, but what price do we all pay for these great piece of technology which it seems like we cant do without? The answer is privacy.

User privacy is almost inexistent with a lot of internet based companies as user data is leveraged by these companies for business and financial gains.

We live in a time where hacking, malware and other malicious attacks are not uncommon online. This means that the security of personal information/data of users is very important.

The Blockchain

The blockchain was invented in the year 2009 to user in the decentralized era, one in which unlimited amount of people can transact and interact between themselves without the interference of the government or centralized corporations.

The blockchain since its invention and use of cryptocurrencies, has always promoted anonymity of its users in a truly decentralized way. Development of smart contracts has made it possible to create different decentralized applications to serve specific purposes or industries.

Problem statement

While most blockchain projects preaches anonymity, only a handful of these projects have cryptocurrencies which actually totally keeps the users anonymous.

The problem nevertheless is that these privacy coins often only serves the purpose of being used in transactions and their blockchains cannot be used to develop smart contracts and develop customized decentralized applications.

What Is Needed

With the multitude of blockchain projects in the present cryptocurrency market today offering solutions to smart contract development and scalabilty, there is a need for a project that offers true privacy along with these features.

In this article i will be introducing a privacy blockchain which will provide a blockchain and smart contract environment for the development of fully secured and private decentralized applications.

This New Decentralized platform is called SERO

SERO (Super Zero)

SERO is decentralized platform based on the blockchain which intends to discover answers for the difficulties relating to protection of client's data, security of client's record, monetary data and other private data on the blockchain.

By using the SERO platform, no one will be able to track the transactions and other activities of the users through the information that is openly available on the blockchain.

In other words, unlike the bitcoin ethereum or other blockchains in which all transaction data and information can be assessed publicly by anyone. When two parties transact on the sero blockchain, the transaction information will be available only to the parties involved in the transaction.

More Than Just A Transaction Cryptocurrency

Sero is not the same type of privacy coins we have been used to which are basically used for transactions.

Blockchain projects like ethereum, Neo, EOS, stratis have broken down barriers in the development of smart contracts for various applications functions and different types of industries. These blockchain networks all have their advantages and disadvantages.

The Sero platform is a new innovative blockchain network, a private and fully decentralized ecosystem which promotes true anonymity and provides the same level of privacy for the projects and smart contracts that will be developed using its blockchain network.

Token

The native cryptocurrency of the Sero platform is the SERO COIN which will used on the ecosystem as a means for making transactions, accepting rewards for participating in network activities like mining.

Conclusion

Sero i the type of platform that the blockchain space has been needing to and one which will promote mass adoption of cryptocurrencies.

Sero will through its platform, put the privacy of its users first. Now all decentralized applications, be it social networks, financial applications, business to business projects and etc can be confident of securing their users profiles and essential data.