SUMOKOIN (SUMO) | Monero Fork| Digital Cash for High-Confidential Transactions
Sumokoin is forked from the source code of Monero cryptocurreny, one of the most innovative digital coins which is well-known for security, privacy, untraceability and active development, therefore, naturally inheriting all of those great features, yet without the burden of its past
Cryptonote Over View:
The CryptoNote Technology
Now that we have covered the limitations of the Bitcoin technology, we will concentrate on presenting the features of CryptoNote.
In this section we propose a scheme of fully anonymous transactions satisfying both untraceability and unlinkability conditions. An important feature of our solution is its autonomy: the sender is not required to cooperate with other users or a trusted third party to make his transactions; hence each participant produces a cover traffic independently.
Our scheme relies on the cryptographic primitive called a group signature. First presented by D. Chaum and E. van Heyst , it allows a user to sign his message on behalf of the group. After signing the message the user provides (for verication purposes) not his own single public
Sumokoin,as a fork from Monero which itself was initially based on the CryptoNote protocol, inherits all whitepapers and academic studies from CryptoNote and Monero Research Lab:
MRL-0002: Counterfeiting via Merkle Tree Exploits within Virtual Currencies Employing the CryptoNote Protocol
Sumokoin is one of a few rare cryptocurrencies with true fungibility - the feature makes digital currency act like physical cash i.e. no other people can find
where the money comes from and how many have been transferred.
Sumokoin is created with high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 12
to conceal sources/amounts transferred and make it high resistance to blockchain-analysis attacks
Sumokoin utilizes the power of a distributed peer-to-peer consensus network, every transaction is cryptographically secured.
Individual accounts have a 26 word mnemonic seed displayed when created,
which can be written down to back up the account and account files are
encrypted with a passphrase to ensure they are worthless if stolen.
Coin Symbol: SUMO
Hash Algorithm: CryptoNight
Network Power: Proof-of-Work (PoW)
Block Time: 240 seconds (approx.)
Maturity: 60 blocks
TX Fee: Dynamic (based on TX size and block reward)
Total Supply: 88,888,888 coins in first 20 years, then about 263,000 coins (~0.3%) each year for inflation.
About 10% (~8.8 million) was premined to reserve for future development, i.e. over 80 million coins available for community mining
1 Sumosan = 0.001 SUMO (10-3)
1 Sumokun = 0.000001 SUMO (10-6)
1 Sumoshi = 0.000000001 SUMO (10-9 - the smallest coin unit)
Sumokoin's block reward changes every 6-months as the following "Camel" distribution* (inspired by real-world mining production
like of crude oil, coal etc. that is often slow at first,
accelerated in the next few years before declined and depleted).
However, the emission path of Sumokoin is generally not far apart from
what of Bitcoin (view charts below) indicating long-term existance and
For curiosity, please consult this script which emulates the algorithm of Sumokoin's block-reward emission ** Calendar months for block reward changes are estimated (based on difficult target * heights) and, therefore, would be a bit different in practice. Block reward for each turn is also not a fixed number yet not expected to change much (if any)
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