An introduction to Suterusu

10 Questions and Answers for a beginning primer

Q1: What is Suterusu？

Suterusu brings ZCash level privacy to any blockchain platform or application. It integrates a state of the art trustless ZK-SNARK scheme with nearly constant size proofs, efficient proof generation and verification. Suterusu also introduces a Suter Virtual Machine (SuterVM) that supports smart contract blockchains such as Ethereum. Suterusu is fresh technology based on sound principles, and a true future-forward privacy protocol.

Q2：What are the main features of Suterusu?

• In terms of technology, Suterusu’s original zK-ConSNARK, is safe, without a “trusted preset” and is faster in optimizing the size of ZKP;
• In terms of applications, Suterusu can provide privacy protection for mainstream blockchains, such as BTC、ETH and DeFi products. It also has a more wide application space compared to Zcash and Monero;
• In terms of token economy, the total amount is constant, halved every two years, and has the lowest inflation rate of mainstream anonymous coins.

Q3：How many technical advantages for Suterusu compared to Zcash and other anonymous coins？

• Zcash adapts and implements ZK-SNARK for the first time. However, the trusted setup, ZK-SNARK, requires not only a fundamental security flaw, but also contradicts the decentralized and transparent nature of anonymous cryptocurrency.
• Dash uses Coinjoin in their anonymous transactions, which is fast in verification, but low in anonymity;
• Grin and Beam are simplified versions of Monero. Although they improve anonymity and security, the design of account cancellation is inconvenient for users;
• None of the above projects including Monero, can support smart contracts, which greatly limits their application use cases;

Q4：What are the application scenarios of Suterusu?

Suterusu conducted a functional application strategy which provides privacy protection for mainstream blockchains and DeFi products.

1、Fintech

• Anonymous transaction

The feature of digital gold related to Bitcoin has been recognized by the traditional financial industry, and the demand of transaction mixers increased significantly. Suterusu will provide anonymity transaction for BTC, ETH and other main-stream crypto assets.

• Decentralized payment

Stable coins and legal digital currencies will have higher probability to act as an alternative payment system than BTC. The People’s Bank of China has proposed a concept of auditable anonymity in their DC/EP plan. Suterusu will provide similar services for the decentralized payment.

• DeFi

Based on SuterVM, Suterusu can realize a more valuable smart contract function. For example, it can set some preset rules for contracts, such as different regulatory provisions in different countries. Everyone can see that these preset rules have been implemented, but the information and data about the transfer quantity, the person transferring and the receiver are protected.

2、Zero Knowledge Identification (ZKI)

In the password based authentication protocol widely used on the current website, the identity of the user who logs in to the website is immediately revealed to the webmaster. However, if users use Zero Knowledge Identification, they can guarantee their privacy when they log in to the website. Zero Knowledge Identification can also be used in voting, donation and auction.

3、Scalability

ZK-SNARKS allow a large amount of information to be compressed into so-called proofs, and these proofs can keep the same size regardless of the number of inputs. Vitalik suggests that ZKP technology can bring 12x performance improvement to the Ethereum framework.

Q5: How many partners do Suterusu have？

The advanced technical solution and innovative application model from Suterusu have raised strong interests from other public blockchains and DeFi projects:

• In the area of public blockchains, Neo and IOST have negotiated with Suterusu to build a layer-2 protocol to support privacy protection on their network;
• For the DeFi, STPT and SWFT have also partnered with Suterusu to support privacy protection for their business asset tokenization as well as instant payments.
• In terms of other decentralized applications, Suterusu and Basic Attention, the most active decentralized applications in the world and with 10 million active users monthly, are discussing the zero knowledge identification. They also work with DOS network, a silicon based decentralized oracle, to find a better way of privacy protection in the process of data uploading.

Q6：What is the token economy of Suterusu?

• SUTER token has a total supply of 10 billion, of which 4.8% are for the team, 3.2% are for the foundation, 16% are for private sale participants, and 76% are for stake mining.
• SUTER token adopts a deflationary release model which means that annual supply halve every two years.
• SUTER token has the lowest inflation rate among main-stream anonymous coins.

Q7：How do I run a validator node of Suterusu and vote to them?

• Deposit 1 million SUTER tokens to become a validator node candidate;
• Validator node has a PoS pool business model and will share the staking rewards according to the “mining power” which is calculated by “mortgage token + voting token” of the validator node;
• Delegators will be charged 10–20% commission to make up for the operation cost of the node.
• “Double mining power” means the mining power index of validate nodes and all voters are equal to 2 in the calculation of mining power
• In the past 4 months, the average annual staking reward rate is about 60% and the Stake participation rate reached around 75%；
• We have 22 validator nodes including MXC, Lbank and Rockx;
• In Feb. 2020, Alphabit, BlockGroup and Betterbit reinvested through the second market and Curve Capital and BlockX have also directly invested in Suterusu.
• For more information, please see : https://node.suterusu.io.

Q8. What is the development progress of Suterusu?

• The iteration of white paper and yellow book has been completed;
• ZK-conSNARK and test networks are expected to go online in March 2020;
• The main network is planned to go online in September 2020.

Q9：What is Suterusu’s One Year Plan?

Suter DAO

Suter Dao will set up several issues for voting, all of whom can participate in mining and receive 4 times the mining index.

Suter Trade

A decentralized private synthetic asset platform based on the SUTER token. Users can trade synthetic assets by mortgaging SUTER without counter parties. Gain revenue through transactions, arbitrage and the sharing of platform fees. Platform revenue will not only cover Suter trade users, but also cover all validator nodes in Suter POS network and Suter Users whose mortgage rate exceeds a certain value;

Suter Mixer

Suter’s decentralized wallet features a privacy transaction function, as well as cross chain transactions.

Q10、Why is Suterusu the strongest dark horse candidate of 2020 for the anonymous space?

The original ZK-conSNARK is the ticket of Suterusu to entering the industry, while the application model of providing privacy protection for main stream blockchain of and DeFi products is the growth space of it. The lowest inflation rate in the mainstream anonymous coins is the direct market advantage of Suterusu. This is fresh technology that hopes to revolutionize the privacy space.