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Sumokoin (スモイイン in Japanese) is a fork of Monero, one of the most renowned cryptocurrencies in terms of security, privacy, untraceability, and active development. Sumokoin is a digital currency designed for highly confidential transactions, featuring privacy protection, untraceability, decentralization, and reliability. Created with high levels of privacy in mind, it sets ring confidential to 12, hiding sources and transaction amounts, making it highly resistant to blockchain analysis.
Project Introduction
Sumokoin is a new type of Monero that does not inherit tradition, being one of the few truly fungible cryptocurrencies on the market.
Project Features
True Fungibility
Sumokoin is one of the rare few cryptocurrencies with true fungibility - a feature that makes digital currency behave like physical cash, where no one else can trace the source or amount of money transferred.
High Privacy
Designed with high privacy in mind, Sumokoin sets the minimum ring size for Ring Confidential Transactions (RingCT) to 12 (+1), hiding the origin/amount of transactions, making it highly resistant to blockchain analysis attacks.
Strong Security
Sumokoin leverages the capabilities of a distributed peer-to-peer consensus network, with every transaction protected by cryptocurrency. A single account displays a 26-word mnemonic seed upon creation, which can be written down to back up the account, and the account files are encrypted with cryptocurrency to ensure they arent misappropriated.
SUMO Tokens
Total Supply: 88,888,888 coins over 20 years, then 263,000 coins per year for inflation. Approximately 10% (around 8.8 million, with 98% locked in escrow wallets) is reserved for future use, meaning 80 million coins are available for community mining over the first 20 years.
The overall reward for Sumokoin changes every six months in whats called a "camel" distribution* (inspired by real-world mining production of commodities like crude oil and coal, initially slow, accelerating over subsequent years, then declining and depleting). However, Sumokoins emission path generally does not deviate much from Bitcoins emission path.
Anonymous Features and Cryptonote Protocol
A fully anonymous electronic cash system should have two properties:
Untraceability: For transactions sent to the same address, all possible senders are equally probable;
Unlinkability: For any two outward transactions, theres no proof they were sent to the same person.
In the cryptonote protocol, an anonymous transaction scheme satisfying untraceability and unlinkability conditions is presented. A crucial characteristic of the solution is that senders dont need to cooperate with other users or trusted third parties for transactions; each participant independently generates cover traffic.
Sumokoin proposes a solution allowing users to publish a single address and receive unconditionally unlinkable payments. Each CryptoNote outputs destination (by default) is a public key derived from the recipients address and the senders random data. The main advantage over Bitcoin is that, by default, each target key is unique, so theres no issue of "address reuse" in the design, and no observer can determine if any transaction was sent to a particular address or link two addresses together.
Related Links:
https://www.sumokoin.org/
https://info.binance.com/cn/currencies/sumokoin
https://bitcointalk.org/index.php?topic=4466988
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