Proof of Work

Cryptocurrency

Base Ecosystem

Backed Tokens

Ethereum Mainnet

Binance Smart Chain Mainnet

Avalanche C-Chain

Fantom Opera

Polygon Mainnet

Cronos Mainnet Beta

Arbitrum One

Klaytn Mainnet Cypress

Harmony Mainnet Shard 0

Metis Andromeda Mainnet

Huobi ECO Chain Mainnet

Aurora Mainnet

Celo Mainnet

Optimism

Gnosis Chain (formerly xDai)

Theta Mainnet

Moonriver

Emerald Paratime Mainnet

Fusion Mainnet

Telos EVM Mainnet

RSK Mainnet

Moonbeam

IoTeX Network Mainnet

OKExChain Mainnet

Boba Network

Wanchain

KCC Mainnet

Velas EVM Mainnet

Smart Bitcoin Cash

Songbird Canary-Network

CoinEx Smart Chain Mainnet

Fuse Mainnet

Shiden

Elastos Smart Chain

Callisto Mainnet

ThunderCore Mainnet

Meter Mainnet

TomoChain

Energy Web Chain

Syscoin Mainnet

Ubiq

Polis Mainnet

Zyx Mainnet

High Performance Blockchain

GoChain

Palm

Expanse Network

ThaiChain

Metadium Mainnet

Flare Mainnet

Diode Prenet

ThaiChain 2.0 ThaiFi

ELA-DID-Sidechain Mainnet

Dithereum Mainnet

ShibaChain

Genesis L1

GoodData Mainnet

TBWG Chain

Valorbit

Darwinia Crab Network

XinFin Network Mainnet

Ontology Mainnet

EOS Mainnet

Ethereum Classic Mainnet

Ellaism

SoterOne Mainnet

IDChain Mainnet

POA Network Sokol

PrimusChain mainnet

GeneChain

GateChain Mainnet

Nova Network

Garizon Stage0

Garizon Stage1

Garizon Stage2

Garizon Stage3

NEXT Smart Chain

POA Network Core

EtherInc

EtherLite Chain

Fuse Sparknet

Decentralized Web Mainnet

OYchain Mainnet

Factory 127 Mainnet

DAX CHAIN

Lightstreams Mainnet

Seele Mainnet

BMC Mainnet

BitTorrent Chain Mainnet

Arbitrum on xDai

Freight Trust Network

Permission

Setheum

SUR Blockchain Network

Web3Q Mainnet

PulseChain Mainnet

Lisinski

Rupaya

Double-A Chain Mainnet

## What is Dero?

DERO is a general-purpose, private, and scalable decentralized application platform designed to empower developers to deploy powerful and unstoppable applications while ensuring users retain absolute control over their assets with complete [privacy](https://coinrotator.app/category/Privacy-Coin).
## Why Dero?
**Fast and Private Decentralization**
With an 18-second block time, DERO boasts fast blocks and provides private smart contracts and services. Functioning as a [Layer 1](https://coinrotator.app/category/Layer-1) Private Decentralized Application Platform, it ensures instant syncing and fast transactions, setting the stage for a new data privacy paradigm with its Homomorphic Encryption Blockchain.

**Privacy at the Core**
DERO's Sigma mining and Sigma blocks incorporate a network-wide consensus for mining and reward all miners proportionally, avoiding a winner-takes-all scenario. Transactions settle instantly, ensuring full confirmation in the same block.

**A Ground-Up Approach**
DERO stands out by being developed from scratch in Golang, a testament to its commitment to originality. It is not a fork of any existing coin, showcasing a dedication to creating a unique and secure protocol.

**Secure and Private Smart Contracts**
The DERO protocol employs homomorphic encryption, offering fast and anonymous transactions alongside a secure and private smart contract and service model. This unique approach establishes DERO as a homomorphically encrypted protocol suitable for individuals and businesses globally.

## Key Features
DERO's feature set includes a Homomorphic Encryption Blockchain Protocol, a Private Smart Contract Platform & Services, no trusted setups or hidden parameters, fast transaction confirmations (approximately 18 seconds), instant wallet syncing, a fully scalable blockchain, a Turing Complete DVM (Decentralized Virtual Machine), and decentralized Proof-of-Work mining.

## Innovative Network Security
DERO pioneers network security by implementing self-signed TLS encryption for network communication, safeguarding participants from eavesdropping and tampering. The utilization of UDP for peer-to-peer communication, as opposed to TCP, enhances security by reducing exposure to the operating system's kernel and lowering network overhead.

## Preparing for Large-Scale Applications
Looking ahead, DERO keeps future large-scale applications in mind, such as enterprise services handling thousands of clients per second. Continuous improvement, demonstrated by the selection of ECDSA over RSA for key generation, underscores the commitment to scalability and efficiency.

## Dero Team Background
Launched in December 2017, Dero was initiated by a trio of full-time developers whose identities remain anonymous. Despite the undisclosed team members, they assert possessing more than a decade of individual experience in cryptography, coupled with multiple years dedicated to blockchain development. 

The project's intricacy becomes evident when considering the significant milestones achieved, notably the design of a completely novel consensus mechanism in Golang. This programming language is renowned for its heightened resilience to security vulnerabilities. Therefore, one can reasonably infer that Dero was crafted by individuals with extensive, hands-on expertise in the field of cryptography.

## Project Development

On March 11, 2023, the DERO network experienced a chain split due to issues with developer-controlled seed nodes, crucial for synchronizing network participants with the blockchain. The split resulted in a stalled chain (seed nodes) and a heavier chain with increased mining activity. Given the proof-of-work consensus of DERO and the absence of seed nodes, participants are left to choose which chain to follow.

In collaboration with respected members of the community, a collective decision was made to proceed with the heaviest chain while efforts are underway to restore service to the seed nodes. Instructions on setting up nodes using community and foundation-hosted public nodes have been provided to facilitate the process.

To manage the situation, exchange wallets will remain in maintenance mode until further notice, with updates on their availability to be communicated later. While there are plans to eliminate the reliance on seed nodes in the future, the current state of the network and ongoing development may necessitate their continued usage for a while. Additionally, measures are being planned to prevent similar issues in the future, with details to be shared at a later date. 

## {{name}} Price Analysis

As of {{month}} {{day}} {{year}} {{name}} has a marketcap of {{marketcap}}. 
This is {{percentagefromath}} from its all time high of {{ath}}. 
In terms of its tokenomics, there's a total supply of {{totalsupply}} with {{percentagecirculatingsupply}} currently outstanding. 
Keep in mind {{name}} has a fully diluted value of {{fdv}} 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.

Dero

Dero

Price Data

Analysis

Trade

Market Cap

All-Time High

All-Time Low

Fully Diluted Valuation

Circulating Supply

Total Supply

Max Supply

Categories

Similar Coins