Dero DERO Price

What is Dero (DERO)?

Dero (DERO) stands out in the cryptocurrency space as a groundbreaking blockchain platform with a unique combination of features. Launched in 2017, Dero operates as a private, scalable, and decentralized network. What sets it apart is its emphasis on privacy and security, evident in the implementation of homomorphic encryption through the DHEBP (DERO Homomorphic Encryption Blockchain Protocol). This encryption enables data transfer and operations without decryption, ensuring user privacy. The platform also boasts a set of comprehensive features, including private and secure smart contracts, immunity to 51% attacks, and decentralized proof-of-work mining using the AstroBWT algorithm. Dero's commitment to innovation extends to its mining system, DERO Σ (Sigma), which rewards all miners, departing from the winner-takes-all approach commonly found in other networks.

Dero's uniqueness lies in its pioneering integration of a proof-of-work blockchain with a DAG block structure, coupled with wholly anonymous transactions. Unlike traditional blockchains, Dero considers transactions as the smallest unit of computation, allowing for duplicate transactions within blocks. This approach enhances scalability and transaction speed while maintaining the security and decentralization of a proof-of-work blockchain. Developed by an anonymous team with extensive cryptography experience, Dero aims to revolutionize privacy coins by prioritizing technology over marketing. With features like CryptoNote protocol integration, complete SSL in the peer-to-peer layer, and fast transaction processing, Dero positions itself as a top privacy coin in the market, catering to use cases such as voting services, escrow services, and address certification/verification.

Security is a paramount focus for Dero, evident in its innovative security mechanism. The platform employs the AstroBWT mining algorithm, a proof-of-work consensus mechanism based on one-CPU-one-vote, reducing the advantage of specialized hardware and promoting fair distribution of mining rewards. The combination of CryptoNote protocol with DAG ensures resistance to hash rate attacks and soft forks without downtime. Dero's commitment to technology development first, followed by marketing efforts, has led to the creation of a unique and powerful blockchain that supports millions of users with enhanced reliability, privacy, security, and usability. With a minimum viable product established in 2018 and plans to launch smart contracts on the mainnet in Q3 2021, Dero remains at the forefront of innovation in the cryptocurrency landscape.

What is unique about Dero (DERO)?

Dero stands out for its pioneering combination of a proof-of-work blockchain with a DAG block structure, ensuring both security and scalability, along with innovative features like homomorphic encryption for enhanced privacy.

Who are the founders of Dero (DERO)?

Dero was launched in December 2017 by an anonymous team of three full-time developers, each with over a decade of experience in cryptography and blockchain development.

What is the consensus mechanism of Dero (DERO)?

Dero utilizes the AstroBWT mining algorithm, an open-source proof-of-work consensus mechanism based on one-CPU-one-vote, ensuring fair distribution of mining rewards and resistance to specialized hardware advantages.

Where can I buy Dero (DERO)?

You can buy Dero (DERO) on Nonkyc.io, CoinEx cryptocurrency exchanges.