Sumokoin (スモイイン in Japanese) is a fork of Monero, one of the most famous cryptocurrencies for 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 has a high degree of privacy when it is created. Setting the ring confidential to 12 can hide the source and transfer amount, making it highly resistant to blockchain analysis.

Project Introduction

Sumokoin is a new Monero coin that does not inherit the tradition, and is one of the few truly alternative cryptocurrencies on the market.

Project Features

True Fungibility
Sumokoin is one of the rare cryptocurrencies with true fungibility - a feature that makes the digital currency behave like physical cash, i.e. no one else can find out where the money came from and The amount of currency transferred.

High level of privacy
Sumokoin was created with a high level of privacy in mind, setting the minimum ring size of Ring Ring Transactions (RingCT) to 12 (+1) to hide the source/amount transferred, and to enable It has high resistance to blockchain analysis attacks

Strong Security
Sumokoin leverages the power of a distributed peer-to-peer consensus network, where every transaction is encrypted. Individual accounts display 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 Token

Total supply: 88,888,888 coins over 20 years, then 263,000 coins per year for inflation. About 10% (approximately 8.8 million, of which 98% are locked in escrow wallets) is set aside for future use, i.e. 80 million coins available for community mining in the first 20 years.

Sumokoin's block rewards change every 6 months with the "Camel" distribution shown below* (inspired by real-world mining production of crude oil, coal, etc., usually slow initially, accelerating over the next few years, then drop and run out). However, Sumokoin’s emission path is generally not far from Bitcoin’s emission path.

Anonymous features and cryptonote protocol

A completely anonymous electronic cash system should have the following two properties:
Untraceability: For transactions sent to the same address, all possible senders are equally probable;
Unlinkable Sexuality: For any two outgoing transactions, there is no way 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 property of the solution is that senders do not need to cooperate with other users or trusted third parties to conduct transactions, and each participant independently generates overlay traffic.

Sumokoin proposes a solution that allows users to publish a single address and receive unconditional unlinkable payments. The destination of every CryptoNote output is (by default) a public key, derived from the recipient's address and sender's random data. The main advantage over Bitcoin is that, by default, each destination key is unique, therefore, there is no such thing as "address reuse" in the design, and no observer can determine whether any transaction was sent to a specific address, Or chain two addresses together.

Related Links:

https://www.sumokoin.org/

https://info.binance.com/cn/currencies/sumokoin

https://bitcointalk.org/index.php?topic=4466988