Price Data
Analysis
Trade
Market Cap
All-Time High
All-Time Low
Fully Diluted Valuation
Circulating Supply
Total Supply
Max Supply
Categories
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.
DERO Markets
Exchange | Pair | 24h volume |
---|---|---|
No data |