A Brief Introduction to the Suterusu Project
EDCON 2021 · 28 Aug 2021 · 9:57
Huang Lin, CTO of Suterusu, introduces Suter Shield as privacy infrastructure for smart-contract platforms. He explains a deposit-and-transfer model for private payments, outlines the project's token incentives and multi-chain deployments, and discusses planned improvements to login, transaction fees and more complex applications.
Speakers
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From EDCON 2021, hosted by EDCON.
Transcript
uh hi folks uh my name is juani uh i'm the cto of student solution project uh today i'm gonna give an introduction to studio project uh first of all i'm gonna talk about uh the vision of solution so as we all know uh blockchain technology or distribute ledger uh does not in necessarily uh satisfying the user's prices in need it does guarantee transparency but doesn't necessarily guarantee transparency at privacy it has a fundamental deficit in terms of privacy that's why solution vision is to become
the anonymous paypal for cryptocurrency technical speaking technically speaking it is a universal second layer private payment infrastructure for smart contract platforms so here's a brief introduction to our funding team our chief strategy officer richard liu he was formerly the founding partner of abc capital which is a very influential cryptocurrency fund in china and before that he was a venture capitalist in china renaissance he graduated gradually from science university i myself
is a business studio of the solution project and i'm a trained cryptography a product photographer and you know i got a business degree in apparel cryptography and privacy preserving distribute systems from science university and university of florida and before that after that i did a poster in ebf system and i also was a was i was an associate uh a sourcer associate principal engineer in ashley hong kong and i have published many papers on hybrid cryptography and information security and on two u.s patents and our attack will be jin jin zhang
he was previously the research lead of fbgx and before joining fbg he worked as an algorithm engineer for pride dance and he worked in ebay and uber us and he graduated from cornell with a master's degree in computer science so here's our the architecture of our product uh suresho so as we all know in the paper paper system each user will have a bank account and the user can transfer his money from his bank account to his paypal account right basically he has two accounts one bank account one paypal account and he can transfer his money from back
on bank account to paypal account you can also transfer money between the paypal accounts you can also resolve money from the paypal account to his bank account so similarly in a solution system each user will have a level one account such as account which basically corresponds to the bank account and also has has a second layer called a super account which basically corresponds to the paypal account so the user can withdraw money a fund money from his legal zero account to his uh second layer account which is super con you can transfer money between the super account
you can also resolve on the phone the layer 2 account to the level 1 fund the reason why we call ourselves a alignment paper is because the transfer between the uh the network is suitable a gun is completely completely private in other words we can guarantee your uh the user identity alignment and also the transaction among confidential confidentiality by using our uh our original zika consular technology price for more encryption skin so here's the main features of our product so first of all we have our original
jiga constant scheme with significantly improved communication and computational overhead and our paper was accepted by top cryptography conference europa 201 and our technology technology is also very solid our smart concept has been audited by one of the best auditing company textuals and it is compatible with multiple smart contract platforms and it has a very innovative economic models so solution is the mud partition solution as we know you know it is a universal layer to uh prioritize multiple platforms so it is modern
it is compatible with multiple chain blockchains currently we have deployed a suitable protocol on the human ecosystem such as ethereum broken and also polygon and we have also deployed a pseudo protocol on other smart control platforms such as psc smart pch and whatsoever so here's the statistic of our product currently we have processed over 20 million uh usd uh traditional volume and we have more than six thousand active users and more than thirty thousand uh total deposits
so here's the token alarming the sudo logo is a governance token designed for the solution network it can be used as an intermediate medium for voting staking and also voucher for cheaper prices privacy service in the shooter ecosystem so in the future uh the shooter token holders will be able to pay a much less you know service fee for the privacy service in a student ecosystem and we also have another token called extruder which is specifically designed for the revenue sharing so as we know we do charge a certain certain fee a service fee from the users using our
products so all these service fees will be distributed to those extruder holders holders so any shooter holder token holders can save that pseudo token to receive extra token and that's got a certain shell of the value from our ecosystem so for the pseudo-token distribution currently it is still very small caps around 20 million uh market caps with close to four billion uh circulating uh tokens so the total token amount is 10 billion uh so all the tokens for the private investors has been fully unlocked and the team
tokens will be locked until uh 22. uh so we launched our project around two months or three years ago so we are about to celebrate two-year anniversary as we can see here we have achieved a lot in this roadmap for instance we have achieved we have already integrated our energy zero proof scheme with our main product to the and we also deploy uh uh show our multiple smart control platforms such as ethereum bsd etc we also recently launched a new extruder tokens which aims to be a revenue sharing token
and we also have a solution version 2.0 which is recently launched we have several new features for instance we have this uh you know automatic uh listing functionality that allows you know any project to list their tokens on uh sureshield and thus become a token that has a private payment of functionality uh so here's what's coming next um first of all we're gonna you know redesign and implement the login system to make it more user
friendly we will also have a gas station to provide guest fees for the users and thus solve the problem with the privacy issue due to the gas resource in the future rails we will also have a regulation compliance solution for the sugar show enterprise and we also have a tailored plugin and playing a smart contract for more sophisticated application scenarios such as decks etc so here's where you can get the latest news on shooter
you can find the website the telegram the minion twitter and also for the chinese users you can also find our visual account and you can get all the medicines for all these uh social media channels so thank you for your attention you