Dero

Dero is the first crypto project to combine blockchain with proof of work with DAG block structure and completely anonymous transactions. It is intended to be a revolutionary improvement on existing privacy coins such as Monero (XMR) or Z-Cash (ZEC). Dero intends to do this by combining the best of both consensus mechanisms.

Its implementation builds the main chain from the network of DAG blocks, which refers to main blocks and side blocks. Side blocks contribute to the security of the proof-of-work chain by making traditional 51% attacks impossible. Unlike traditional blockchains, Dero treats a transaction as the smallest unit of computation, not a block. Thus, blocks on Dero may contain duplicate or double spend transactions, but these are filtered by the client protocol and ignored by the network.

In simple terms, Dero supposedly manages to combine the security and decentralization of blockchain with proof-of-work with the scalability and transaction speed of DAG technology. Dero's goal is a blockchain network that can serve businesses and individuals around the world and support secure, fast, and anonymous transactions and smart contract execution.

Dero was launched in December 2017 by a team of three in-house developers. His team is anonymous, but claims that each of them has more than a decade of experience in cryptography, as well as many years of experience in blockchain development. Given the complexity of the project and the milestones reached by the team - it actually developed an entirely new consensus mechanism in Golang, a programming language highly immune to security vulnerabilities - it's safe to assume that Dero was created by people with a lot of hands-on experience. experience in cryptography.

Dero was designed from the ground up to support millions of users with enhanced reliability, privacy, security and usability. It followed a "build it and it will come" approach in that the team first focused on developing working technology and then focused on marketing.

One of its key features is the use of CryptoNote, a protocol that hides the sender and recipient of a transaction, protecting the identity of all parties involved and ensuring privacy. It is also the first blockchain with full SSL at the peer-to-peer level. This encrypts all of its network traffic and hides it from ISPs who want to analyze the traffic.

Dero is also the first CryptoNote blockchain to have 75 transactions per second on its own blockchain without using any scaling solutions like Lightning Networks. Notably, this far exceeds the roughly five transactions per second that Bitcoin makes. In addition, it has ten times more bullet resistance than a normal one. Bulletproofs is a cryptographic technique that reduces the space required for zero-knowledge range proofs.

Thus, Dero can consider use cases that require privacy, such as voting services, escrow services, and certification/address verification. Given the progress the team has made so far, it created a minimum viable product in August 2018 and plans to launch smart contracts on the mainnet in the third quarter of 2021; Dero can legitimately claim to be one of the best privacy coins on the market.

Dero has a maximum supply of 18.4 million. Initial pre-mining of two million DERO was set at network launch but is not part of the circulating supply. It will be used to fund development and marketing. Dero has a sending rate of 157,000 DERO per year with a smoothly varying block reward. Its block time is 27 seconds, which is significantly faster than other proof-of-work blockchains, and its confirmation time is 4.5 minutes.

Dero has developed his own unique and powerful security mechanism. In addition to the features described, Dero has implemented a new mining algorithm called AstroBWT, an open source consensus engine based on the principle of “one processor, one vote”. This consensus mechanism reduces the performance advantage of specialized hardware, preventing the kind of miner oligopoly that Bitcoin suffers from when miners use ASICs to mine Bitcoin. This distributes the mining reward more equitably, and consensus is reached by majority decision at the expense of the CPU power of its node network.

By combining the CryptoNote protocol with DAG, Dero is resistant to hash rate attacks and soft forks with no downtime. It is also the fastest deployed blockchain based on CryptoNote.

Dero price today is ₽978.29 rubles. with a daily trading volume of ₽39,378,566 rubles. We update our DERO to RUB price in real time. Dero is down .06 in the last 24 hours. The current CoinMarketCap rating is #328 with an income capitalization of ₽10,948,539,216. The circulating supply is 11,191,473 DERO coins and max. no offer.

DERO is available on KuCoin, TradeOgre, CoinEx and ViteX. If you want to learn more about cryptocurrencies and how to start buying them, you can read more here on our educational portal - Alexandria.

How Is the Dero Network Secured?

Dero designed its unique and powerful security mechanism. Besides the outlined features, Dero implemented a new mining algorithm called AstroBWT, an open-source proof-of-work consensus mechanism based on one-CPU-one-vote. This consensus mechanism reduces the performance advantage of specialized hardware, preventing the sort of miner oligopoly that Bitcoin suffers from, with miners using ASICs to mine Bitcoin. This distributes mining rewards more fairly and a consensus is reached by a majority decision via CPU power of its network of nodes.

By combining the CryptoNote protocol with DAG, Dero is resistant to hash rate attacks and soft forks without suffering downtime. It is also the fastest CryptoNote-based blockchain deployed