How different is SERO from other privacy cryptocurrencies as there are many in market ?
SERO is not merely a concept as we already have a product and it's the SERO protocol ecosystem that makes it possible for developers to issue anonymous tokens, smart contracts,tickets etc. Here are some features of SERO protocol :
-CPU based mining, Based on Zero knowledge proof and supports Turing complere smart contract
-Homomorphic Encryption
-Issue Anonymous Assets and Tokens, Smart Contracts
-SERO Ecosystem of SERO Coin, Tokens, Tickets, Packages
-SERO team has created "SUPER-ZK" encryption library and achieved 20x encryption speed agains Zcash during September 2018 testnet.
-BetaNet RC and BetaNet Release version already launched.
-Mainnet release planned for April 2019.
-3 in1 suite of SERO, ALIEN and CASTROL protocol.
-SERO’s Hybrid Transaction Model (UTXO + ACCOUNT)
Amazing, what are these anonymous tickets actually? I am pretty new to crypto and trying to learn new things daily
Issuance of Anonymous Tickets Tickets, also known as the “homogeneous pass”, is another more extensive asset form recognized within SERO system. Different from tokens, tickets are an inseparable form of assets that is unique to the individual.Like tokens, SERO also provides anonymity support for Tickets.When anonymous tickets are issued, the tickets are represented as an ID that are sent as the normal transaction to an account’s temporary address “PKr”, and the tickets are pulled separated from the smart contract account as UTXO and protected by SERO’s zero-knowledge proofs privacy mechanism in a mechanism similar to SERO coins and tokens.
Ticket is a 256-bit digit that can point to complex data structures stored in smart contracts, so it is suitable for the construction of complex business scenarios. A concise example of the data structure pointed to ticket is shown in the figure above. “Asset” is the data structure of an asset. The data structure of this asset can be SERO coin, token or ticket. Because Ticket is directional to data, this structure can support unlimited nesting and form a complex assets structure that meets business requirements. Data can store data encoded by other data structures other than assets, and the data structure represented by this data can also be nested. Package holds the assets or data encoded by the user with a key. With the feature of ticket, developers can completely transform complex game applications such as CryptoKitties into anonymous versions.