Dero

Dero

DERO
$3.15%1.73

Key Metrics

Price$3.15
Real Volume (24H)$10,248.12
Marketcap$45,110,141.55
Fully Diluted Valuation$85,396,026
ATH$27.29
ATH Date10/10/2021, 6:37:31 AM
ATL$0.248577
ATL Date3/13/2020, 2:22:55 AM
Circulating Supply13M
Total Supply18M
WhitepaperDero whitepaper
Popularity Rank706
Chart
What is Dero?

DERO is a blockchain-based cryptocurrency that prioritizes privacy, security, and anonymity. The platform merges proof-of-work and Directed Acyclic Graph (DAG) block structure technology to create a unique, state-of-the-art blockchain technology. Additionally, DERO uses smart contracts and CryptoNote protocol technologies to improve privacy, reliability, usability, and portability.

One of the key features of DERO is its DeroDAG technology, which promotes quick transactions and an encrypted blockchain to maintain the privacy of users. The platform also has a fifty-one percent hashrate attack immune system and has developed a fully integrated hardware wallet with biometric protection for added security. DERO also offers a secure, safe, and transparent voting process while keeping voters' identities anonymous among the public.

DERO is the ticker of the DERO platform's token. There are a total of two million DERO coins premined, with one million reserved for the development team and locked for four years. The remaining one million coins are used for community growth, marketing, and project development.

DERO was launched in December 2017 by three anonymous developers who have over a decade of experience in blockchain development and cryptography. On June 27, 2018, DERO became the first cryptocurrency to execute Bulletproof on the network with original cryptography. The DERO community launched its whitepaper on October 2, 2018 and the currency has a maximum supply of 18.4 million DERO coins.

While many other blockchain-based projects focus on transparency and accessibility, DERO stands out for its emphasis on privacy and security. With its cutting-edge technology and commitment to anonymity, DERO is a unique player in the crypto space that could be of interest to those looking for an alternative to more transparent blockchain-based projects.

One of the unique aspects of DERO is its focus on privacy and anonymity. The platform utilizes a combination of technologies, including DeroDAG, Bulletproofs, and a TLS-encrypted network, to ensure that transactions are completely anonymous. This feature is particularly appealing to individuals and businesses who value the ability to transact without revealing their identities.

Another key feature of DERO is its use of smart contracts and the CryptoNote protocol. These technologies allow for the creation of private smart contracts, which can be used for a variety of purposes, including the execution of financial transactions and the creation of decentralized autonomous organizations (DAOs).

The DERO platform also has a built-in hardware wallet with biometric protection, which provides added security for users. Additionally, the platform offers a secure, transparent, and anonymous voting process. This feature is particularly useful for decentralized organizations that rely on community-driven decision-making.

The DERO token is an important component of the platform, with a maximum supply of 18.4 million coins. One million of these coins were pre-mined for developers, with a four-year lock-up period. The remaining one million coins were used for community growth, marketing, and project development.

In conclusion, DERO is a blockchain-based cryptocurrency that aims to provide unparalleled privacy and anonymity for its users. The platform utilizes a variety of cutting-edge technologies, including DeroDAG, Bulletproofs, and the CryptoNote protocol, to ensure the security and reliability of its network. With its unique focus on privacy and its advanced features, DERO is well-positioned to become a major player in the decentralized finance (DeFi) space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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