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Summary of Suterusu (SUTER)
Key Points
- Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms.
- Uses original and advanced ZK-ConSnark algorithm without trusted setup.
- Technical paper accepted by Eurocrypt 2021.
- Deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH, Theta, etc.
- Plans to deploy on Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc.
- First privacy project funded by Near’s Cypherpunk Guild Fund.
- Received investment from institutions like Dialectic, Fundamental Labs, FBG, Continue Capital,
About Suterusu: Empowering Privacy in the Digital Age
Introducing Suterusu (SUTER): A Revolutionary Privacy-Preserving Blockchain
The Suterusu Protocol constitutes a second-layer private payment infrastructure designed for smart contract platforms. By leveraging the pioneering and most advanced ZK-ConSnark algorithm, which eliminates the need for a trusted setup, the protocol ensures enhanced security and transparency. Notably, the algorithm’s proof size has been significantly reduced, while proof generation and verification efficiency have been greatly improved compared to similar solutions. The absence of a trusted setup ensures a safe and transparent environment. The technical paper has been accepted by Eurocrypt 2021 (
https://eurocrypt.iacr.org/2021/acceptedpapers.php
,
https://eprint.iacr.org/2021/540
). The Suterusu Protocol has been successfully deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, and other platforms. We plan to expand our deployment to additional smart contract platforms, including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, and others. As the first privacy project funded by the official Cypherpunk Guild Fund of Near, we are also applying for grants from the Solana and Polkadot ecosystems. The Suterusu Protocol aims to establish a private payment infrastructure for any cryptocurrency. The project has received investments from esteemed institutions, including Dialectic (founded by former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other prominent organizations.
Unveiling the Unparalleled Advantages of Suterusu
Across the globe, numerous cryptocurrencies facilitate transactions between individuals. However, these transactions are not entirely anonymous. Instead, they are pseudonymous, as a person’s real identity can be traced if their blockchain wallet address is known and they have undergone Know-Your-Customer (KYC) verification elsewhere. To address this privacy concern, several cryptocurrencies have been developed. Some of these employ a verification method called zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to safeguard users’ identities. However, this technology has its limitations, such as the lack of support for smart contracts. Suterusu aims to overcome this issue through its innovative ZK-ConSNARK technology. The Suterusu Protocol has given rise to a product called Suter Shield, which enables users to leverage the privacy payment functionality offered by the protocol. The Suter Shield operates in four stages: • Register: Users can create new Suter accounts by entering a private key, which generates a corresponding public key as an identifier for the new Suter account. • Fund: Users invoke the fund module by converting their Ether or ERC-20 tokens to Suter-ETH or Suter-ERC-20. Homomorphic public-key encryption is utilized to add the converted tokens to the newly created Suter account. The native token is deposited into the fund contract, akin to a stream flowing into an ocean. • Transfer: Users can send the converted tokens to a Suter account. • Burn: The burn module converts the Suter token back to its original form. Suterusu has various use cases, including facilitating private DeFi payments, proof of identity, and data protection and monetization. Suterusu generates revenue by charging a 20% handling fee of the Ethereum network cost.
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What Is the Total Supply of Suterusu (SUTER) Coins?
A hard cap of 10 billion SUTER tokens has been established. The total supply is allocated as follows: 16% was sold in a private fundraising campaign, 3.2% is allocated to the Suterusu Foundation, 4.8% is reserved for the team, and the remaining 76% is earmarked for future user growth. The investor tokens were unlocked in January, while the team and Foundation’s tokens will be unlocked on October 10th, 2022.