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Dero

DERO$0.00
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Price Data

Analysis

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Market Cap

17262975
#1479

All-Time High

27.29

All-Time Low

0.248577

Fully Diluted Valuation

25055608

Circulating Supply

12677351 (68.9%)

Total Supply

18400000

Max Supply

20999999

What is Dero?

DERO is a decentralized application platform designed for privacy and scalability. It empowers developers to build robust applications while ensuring users maintain control over their assets.

  • General-purpose decentralized application platform
  • Emphasizes privacy and control for users
  • Supports the development of powerful applications

Why Dero?

Fast and Private Decentralization

DERO features an 18-second block time, enabling rapid block creation and transaction processing. It provides private smart contracts and services through its Layer 1 architecture, making it a pioneer in data privacy with its Homomorphic Encryption Blockchain.

  • 18-second block time for fast transactions
  • Private smart contracts and services
  • Homomorphic Encryption Blockchain for enhanced privacy

Privacy at the Core

DERO incorporates Sigma mining and Sigma blocks to ensure equitable mining rewards and instant transaction confirmations.

  • Sigma mining and Sigma blocks for equitable rewards
  • Instant transaction confirmations
  • Avoids winner-takes-all scenarios

Innovative Network Security

DERO enhances network security with self-signed TLS encryption and UDP for peer-to-peer communication.

  • Self-signed TLS encryption for network security
  • UDP for peer-to-peer communication
  • Reduces exposure to OS kernel and network overhead

Dero Team Background

Launched in December 2017, DERO was created by anonymous developers with over a decade of experience in cryptography and blockchain development. The project is notable for its novel consensus mechanism and its use of Golang.

  • Initiated by anonymous developers
  • Over a decade of cryptography and blockchain experience
  • Novel consensus mechanism designed in Golang

Project Development

In March 2023, DERO faced a chain split due to issues with developer-controlled seed nodes. The community chose to follow the heaviest chain while working to restore seed node functionality. Updates on exchange wallet maintenance and future improvements are forthcoming.

  • Chain split due to seed node issues
  • Community decision to follow the heaviest chain
  • Ongoing efforts to restore seed nodes and prevent future issues

Other Projects in the Privacy Coin Category

  • Zano: an open-source layer-1 cryptocurrency offering privacy, security, and scalability for dApps.
  • Orchid Protocol: powers a decentralized VPN and privacy network using blockchain technology.
  • Iron Fish: a privacy-focused cryptocurrency using zero-knowledge proofs for secure transactions.

Dero Price Analysis

As of December 5 2024 Dero has a marketcap of $17M. This is {{percentagefromath}} from its all time high of $27.29. In terms of its tokenomics, there's a total supply of 18M with 69% currently outstanding. Keep in mind Dero has a fully diluted value of $25M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Chat GPT LogoClaude LogoSummarized in part by ChatGPT 4 and Claude