Forked from Monero, Sumo is a proof-of-stake cryptocurrency oriented towards privacy protection and transactions fungibility. This type of digital cash provides maximum payment security and privacy of all data thanks to the Ring Confidential Transactions technology – it allows all details to be concealed even in blockchain analysis. It is ideal for private transfers as all processes are untraceable and decentralized and receiving addresses remaining encrypted at all times. Transactions can’t be linked to any particular user or offline identity, and sources or amount of the transactions are hidden. As it is decentralized, the currency is trustless, operated by the network of its users and transactions are confirmed by the distributed consensus, without the need of a third party. The built-in privacy features secure the token as changeable, just like normal cash.
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