suterusu 価格 (SUTER)

What Is Suterusu (SUTER)?

Suterusu is a project designed to implement and integrate state-of-the-art, zero-knowledge, near constant-size and succinct non-interactive argument of knowledge, or ZK-ConSNARK schemes. These schemes make sure a transaction guarantees complete anonymity and confidentiality for both sender and receiver. The project is built on the premise that zk-SNARK, a technology used to prove and shield possession of information, poses a security risk. The main goal of the project is to champion the adoption of zero-knowledge proofs and anonymize cryptocurrencies such as Bitcoin and Ethereum without compromising security and efficiency. Suterusu’s signature products are Suter Wallet, Suter Virtual Machine (VM), and Suter Shield. Suterusu was launched on Dec. 12, 2018 by a Singaporean team.

Who Are The Founders of Suterusu?

The core team members of Suterusu are Zhengpeng Hou (CEO), Dr. Huan Ling (CTO) and Dr. Dazhi Guo, the chief strategy officer (CSO) of Suterusu Foundation.

Hou, who is also known by his moniker ZP, is an open-source expert who first came across this technology in 2000. He has worked for companies such as Ubuntu, which he credits for changing his involvement with the open-source world. He went on to co-found the Ubuntu China community. He finds blockchain fascinating because of its resemblance to open-source software projects. Hou’s areas of specialization include open-source project development, Internet of Things (IoT) and cloud computing.

Dr. Lin, alumni of the University of Florida and Shanghai Jaio Tong University, holds Ph.D. degrees in applied cryptography and privacy in distributed systems. He previously worked as a postdoctoral researcher in Ecole Polytechnique Federale Lausanne and a research assistant at his alma mater, the University of Florida.

Dr. Guo is a Ph.D. holder in Economics from the Central University of Finance and Economics (CUFE). He served as a senior research fellow at the Huobi Academy of Blockchain Application. Dr. Guo is experienced in technology trends, investment areas, and blockchain applications.

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What Makes Suterusu Unique?

Several cryptocurrencies allow people to transact with each other across the globe. However, the transactions are not completely anonymous. Cryptocurrency transactions are pseudonymous. A person’s real identity can be tracked if their blockchain wallet address is known and they have undergone KYC verification somewhere.

Several cryptocurrencies were created to solve the privacy issue. Some of them use a verification method called zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to protect the identity of users. This technology has its shortcomings such as the lack of support for smart contracts. Suterusu aims to solve this problem through the use of its original ZK-ConSNARK technology.

Suterusu created a product called Suter Shield that enables users to take advantage of privacy payment functionality offered by the Suterusu protocol.

Suter Shield works in four steps:

• Register: Users can register for new Suter accounts by entering a private key. A corresponding public key is issued as an identifier to the new Suter account.
• Fund: UserS invoke the fund module by converting their Ether or ERC-20 token to Suter-ETH or Suter-ERC-20. Homomorphic public-key encryption is used to add the converted token to the newly created Suter account. The native token is deposited into the fund contract, which resembles a stream feeding into an ocean.
• Transfer: Users can send the converted token to a Suter account.
• Burn: The burn module converts the Suter token to its original form.

Suterusu use cases include facilitating private DeFi payments, proof of identity, and data protection and monetization. Suterusu generates income from charging a 20% handling fee of the Ethereum network cost.

How Many Suterusu (SUTER) Coins Are There in Circulation?

There is a hard cap of 10 billion SUTER tokens. Of the total supply, 16% were sold in a private fundraising campaign, 3.2% allocated to Suterusu Foundation, 4.8% reserved for the team and the remaining 76% will be used for future mining. The investor tokens were locked for a six-month period. Tokens belonging to the Suterusu Foundation and the founding team are locked for a minimum three-year period and the unlocking process will follow a predetermined schedule. The project adopted a deflation-based currency model. The network is maintained by validators who are paid for their work.

How Is the Suterusu Network Secured?

Suterusu protocol adopted the proof-of-stake (PoS) consensus mechanism. The governance mechanism is based on universality, inclusiveness and adaptability. Anyone can become a community member by holding SUTER tokens. The mining power of each miner on the Suterusu protocol is based on the number of SUTER tokens and the length of the holding period. The Suterusu protocol is maintained by token holders and validator nodes.

Where Can You Buy Suterusu ([SUTER])?

You can buy SUTER tokens on CoinSpot, KuCoin, Gate.io, MXC.com, PancakeSwap and Uniswap (V2). It may be easier to first buy mainstream cryptocurrencies such as Bitcoin or Ethereum and then convert them to SUTER tokens. Read more here to learn how.