Review on Sumokoin by Fabrizio Zampieri
Sumokoin is a hard fork of Monero, which itself originated from a hard fork of…
Sumokoin is a hard fork of Monero, which itself originated from a hard fork of Cryptonote.
Main features:
- Private (Sumokoin is created with a high level of privacy, setting Ring Confidential Transactions -RingCT- with minimum ringsize, mixin, of 12 to conceal sources/amounts transferred and make it high resistance to blockchain analysis.
- Untraceable (Sumokoin is untraceable; sending and receiving addresses are encrypted transacted amounts and hidden by default. Transactions on the Sumokoin blockchain cannot be linked to a particular user or real-world identity).
- Decentralized (Sumokoin follows Satoshi Nakamoto's vision of decentralized, trustless cryptocurrency, operated by a network of users. Transactions are confirmed by distributed consensus, and then recorded on the blockchain immutably. Third-parties do not need to be trusted to keep your SUMO safe).
- Fungible (Sumokoin is truly fungible, thanks to built-in privacy features. Just like cash, all SUMO are equal, changeable).
Sumokoin (SUMO) is a cryptocurrency. Users are able to generate SUMO through the process of mining. Sumokoin has a current supply of 18 978 669 SUMO with 10 089780 SUMO supply circulation.
There will be an aggregate supply of 88 888 888 SUMO coins. The coins will be released in more than 20 years with 263,000 coins being released every year to cover for inflation.
SUMO is tradable on Livecoin, Indodax and TradeOgre exchanges.
Pros
- - It is possible store SUMO tokens on Gui wallet (available for Windows, Linux and macOSX). The wallet looks good and can be used by anybody. - The community participated in the development of the coin and wallet together with the founders team.
Cons
- - Project not yet mature and at the early steps. - The Sumokoin project needs to be better known, especially in Europe. - Sumokoin ROI -6,83% (the approximate return on investment if purchased at the time of launch).
