Suterusu to USD Price Chart

Suterusu Statistics

Market Rank	#5156
Market Cap	$ 77.0K
Volume 24h	$ 38.7K
Circ. Supply	3.6B
Total Supply	10.0B
Max Supply	10.0B

Has the Price of Suterusu (SUTER) Changed Today?

The price of Suterusu (SUTER) today has increased to $ 0.00002117. Remember, cryptocurrency markets are highly volatile, so prices can fluctuate significantly in short periods of time.

What Is Suterusu (SUTER)?

Suterusu is a project that integrates state-of-the-art cryptographic technology, called zk-Consnark, to provide privacy protection for cryptocurrency transactions. It aims to maintain efficiency while shielding transaction details such as amounts and participant identities. The Suterusu protocol enables anonymous and confidential transactions, striving to support a privacy-preserving environment within the blockchain space.

Who Is Behind the Suterusu Project?

The Suterusu project is spearheaded by CTO Dr. Huang Lin, who has worked with cryptographers from the Centre national de la recherche scientifique and the Karlsruhe Institute of Technology. Together, they co-authored a paper on a new efficient range proof scheme which is the foundation of the Suterusu protocol.

How Does Suter Shield Work?

Suter Shield is Suterusu's decentralized, layer-2 solution that works atop Ethereum and is compatible with other smart contract-supported blockchains like Binance Smart Chain and Heco. It employs public key homomorphic encryption to maintain the confidentiality of transaction amounts and ensures the anonymity of the senders and receivers by leveraging zero-knowledge proofs.

The innovation in Suter Shield is that it allows senders to select a target receiver for a confidential transaction without any prior secret sharing, improving user-friendliness and enabling the adaptation of privacy-preserving functionalities across various DeFi applications.

What Makes Suterusu Unique Compared to Other Privacy Solutions?

Suterusu stands out by offering a modular and universal privacy-protection solution that is not limited to a single blockchain. Its versatility allows for applications on various smart-contract platforms. Additionally, Suterusu introduces anonymous BTC cross-chain functionality, potentially increasing liquidity within its ecosystem.

The project also focuses on regulatory compliance, which is built into the system design. It utilizes blacklist and recursive blacklisting features to prevent transactions associated with blacklisted accounts, aiming to align with financial regulations and prevent money laundering.

What Is the SUTER Token Used For?

The SUTER token is an ERC-20 token that serves both as a governance token and utility token within the Suterusu ecosystem. It is used for community growth incentives and as rewards for users participating in Suter DAO voting, which is part of the project's decentralized governance framework.

What Is the Circulating Supply of SUTER Tokens?

The circulating supply of SUTER tokens stands at 3.6B, with a total generated over 2 billion SUTER token rewards since the network's launch. This has contributed significantly to the total circulating supply, which is continuously affected by network activities such as staking and mining participation.

How Secure Is the Suterusu Network?

Suterusu uses advanced cryptographic protocols designed to provide a secure and privacy-focused blockchain environment. The network is operated by multiple node operators, ensuring decentralization. Furthermore, the implementation of zk-Consnark technology plays a critical role in securing users' transaction data by proving transactions’ validity without revealing any underlying information.

How Can You Become a Part of the Suterusu Network?

Interested parties can join the Suterusu network by becoming node operators or participating in mining, as there are currently over 158k mining participants. Likewise, by staking SUTER tokens, users can contribute to the network's security and earn rewards in return.

Where Can You Buy Suterusu (SUTER)?

Suterusu (SUTER) tokens can be purchased on several cryptocurrency exchanges. The specific KuCoin, Gate.io, Hotbit, LBank offer opportunities for interested investors to add SUTER to their portfolios. Always ensure that you are using reliable and reputable exchanges for your transactions.

How to Keep Your Suterusu (SUTER) Safe?

To keep your SUTER tokens safe, it is paramount to use secure wallets that are compatible with ERC-20 tokens. Make sure to protect your private keys, use two-factor authentication where available, and consider the use of hardware wallets for additional security of your digital assets.

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