Dero

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 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.

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.

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