Question 1

Has the price of Sumokoin (SUMO) increased today?

Accepted Answer

The current price of Sumokoin (SUMO) is ADA 0.00532807. In the last 24 hours, it has increased by +0.00%.

Question 2

What is Sumokoin (SUMO)?

Accepted Answer

Sumokoin, symbolized as SUMO, is a cryptocurrency with an emphasis on privacy and security. It is a fork from Monero, an esteemed digital currency recognized for its robust security features, regarded for its privacy, untraceability and active development. The genesis of Sumokoin was rooted in an educational project which later evolved into a full-fledged cryptocurrency that puts a heightened emphasis on privacy.

Question 3

Who are the founders of Sumokoin?

Accepted Answer

The creators of Sumokoin haven't released their identities publicly, much like Satoshi Nakamoto, the unknown creator of Bitcoin. However, just like Satoshi, the Sumokoin team has proven to be dedicated cryptocurrency enthusiasts with an active presence in the world of digital currency and blockchain development.

Question 4

How does Sumokoin work?

Accepted Answer

Sumokoin uses a technology called "ring confidential transactions" (RingCT) which boosts its privacy and untraceability features. It does so by obfuscating the transfer amounts in the blockchain and by using minimum transaction mixins of 12, making it highly resistant to blockchain analysis attacks.

Question 5

What makes Sumokoin unique?

Accepted Answer

Sumokoin's uniqueness stems from its uncompromising stand on providing a high level of privacy. It boldly steps beyond other cryptos by implementing Ring Confidential Transactions (RingCT) right from the onset and maintaining a minimum of 12 transaction mixins. This robust set up makes it difficult for attackers to execute a blockchain analysis, thereby providing superior privacy for its users.

Question 6

How does Ring Confidential Transactions work in Sumokoin?

Accepted Answer

Ring Confidential Transactions, or RingCT, is a technology originally developed for Monero, which Sumokoin later adopted. RingCT essentially conceals the transaction details on the blockchain, providing an extra layer of privacy. It allows the sender and receiver to verify the transaction without disclosing the actual transaction amount to everyone else.

Question 7

How secure is the Sumokoin network?

Accepted Answer

A privacy-focused coin like Sumokoin needs a razor-sharp focus on security. Sumokoin seeks to provide maximum security by using advanced cryptographic techniques. This has the effect of hiding transactions on the blockchain, thus successfully protecting user identities and making it difficult for attackers to trace transactions back to individual users.

Question 8

What is the circulating supply and total supply of Sumokoin?

Accepted Answer

The circulating supply for Sumokoin is currently 66.4M coins. The total supply is 66.4M coins. This gives us an insight into how much of the total supply is currently in use or held by investors.

Question 9

Where can you buy Sumokoin (SUMO)?

Accepted Answer

Sumokoin (SUMO) can be purchased on the following cryptocurrency exchanges: TradeOgre, Indodax, Hotbit, CoinEx, Livecoin. Please bear in mind, when investing in any digital asset, it is essential to use a secure method of storing and protecting your coins, typically by using hardware wallets or secure online wallets with strong encryption methods.

Convert SUMO to ADA

Try our Crypto Pro app