1. Introduction
Sumokoin (スモイイン in Japanese) is a fork of Monero, one of the most well-known cryptocurrencies in terms of security, privacy, untraceability, and active development. Sumokoin is a digital currency used for highly confidential transactions, with features such as privacy protection, untraceability, decentralization, and reliability. Sumokoin is created with a high degree of privacy. Setting ring confidential to 12 can hide the source and transfer amount, making it highly resistant to blockchain analysis.
2. Project introduction
Sumokoin is a new type of Monero that does not inherit the tradition, and it is the only real alternative cryptocurrency in the market.
Project Features
True fungibility
Sumokoin is one of the few rare cryptocurrencies with true fungibility - a feature that makes digital currency Acts like physical cash, i.e. no one else can find the source of the money and the amount of currency transferred.
High privacy
Considering high privacy when creating Sumokoin, set the minimum ring size of Ring Ring Transactions (RingCT) to 12 (+1) to hide all The source/amount of transmission and make it highly resistant to blockchain analysis attacks
strong security
Sumokoin utilizes the power of a distributed peer-to-peer consensus network, Every transaction is protected by cryptocurrency. Individual accounts are presented with a 26-word mnemonic seed when created, which can be written down to back up the account, and account files are encrypted with a password to ensure they are not compromised.
SUMO Tokens
Total supply: 88,888,888 coins over 20 years, then 263,000 coins per year for inflation. About 10% (about 8.8 million, of which 98% are locked in escrow wallets) are reserved for future use, ie 80 million coins available for community mining in the first 20 years.
Sumokoin's block reward changes every 6 months, with a "camel" distribution shown below* (inspired by real world mining production for crude oil, coal, etc., usually slow at first, and in the next few Accelerates mid-year, then drops and runs out). However, Sumokoin’s emission path is usually not too far from Bitcoin’s.
Anonymity Features and Cryptonote Protocol
A fully anonymous electronic cash system should have the following two properties:
Untraceable: For sending to the same address All possible senders are equally probable;
Unlinkability: For any two outgoing transactions, it is impossible to prove that they were sent to the same person.
In the cryptonote protocol, a completely anonymous transaction scheme that satisfies the conditions of untraceability and unlinkability is given. An important feature of the solution is that the sender does not need to cooperate with other users or trusted third parties to transact, and each participant generates overlay traffic independently.
Sumokoin proposes a solution that allows users to post a single address and receive unconditional, unlinkable payments. The destination of each CryptoNote output (by default) is the public key, derived from the recipient's address and the sender's random data. The main advantage over Bitcoin is that each destination key is unique by default, so there is no such thing as "address reuse" in the design, and no observer can determine if any transaction was sent to a particular address, Or link two addresses together.
