Dero

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 November 24 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 $24M 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.