Dero is the first crypto project to combine a proof-of-work blockchain with a DAG block structure and fully anonymous transactions. It aims to revolutionize existing privacy coins like Monero (XMR) or Z-Cash (ZEC) by combining the best of both consensus mechanisms. Dero builds a main chain from the DAG network of blocks, which includes main blocks and side blocks. Side blocks contribute to chain proof-of-work security, making traditional 51% attacks impossible. Unlike traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block. This allows blocks on Dero to contain duplicate or double-spend transactions, which are filtered by the client protocol and ignored by the network. In simple terms, Dero combines the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology. Dero aims to create a blockchain network that can serve businesses and individuals worldwide, supporting secure, fast, and anonymous transactions, as well as smart contract execution.

Dero was launched in December 2017 by a team of three full-time developers. The team is anonymous but claims to have over a decade of experience in cryptography, with multiple years of experience in blockchain development. Given the complexity of the project and the milestones achieved, it can be assumed that the creators of Dero have extensive hands-on experience in cryptography.

Dero was developed from scratch to support millions of users with enhanced reliability, privacy, security, and usability. The team focused on designing working technology first before focusing on marketing. One of its key features is the utilization of CryptoNote, a protocol that conceals the sender and receiver of a transaction, ensuring privacy. Dero is also the first blockchain to have complete SSL in the peer-to-peer layer, encrypting all network traffic and concealing it from internet service providers. It achieves 75 transactions per second on its native blockchain, significantly higher than Bitcoin's five transactions per second. Additionally, Dero has ten times faster Bulletproofs, a cryptographic technique that reduces the space needed for zero-knowledge range proofs. With its progress so far, Dero aims to address use cases requiring privacy, such as voting services, escrow services, and address certification/verification.

Check out Iota — another project built on directed acyclic graph technology.

Check out Monero (XMR) — the most popular privacy coin.

Check out Z-Cash (ZEC) — another privacy coin.

Learn more about privacy coins in our detailed guide to privacy coins.

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Dero has a maximum supply of 18.4 million. An initial pre-mine of two million DERO was established on network launch but is not part of the circulating supply. It will be used to finance development and marketing. Dero has a submission rate of 157,000 DERO/year with a smoothly varying block reward. Its block time is 27 seconds, significantly faster than other proof-of-work blockchains, with a confirmation time of 4.5 minutes.

Dero designed a unique and powerful security mechanism. In addition to 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 miner oligopoly. 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.

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

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

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

In plain English, can Dero combine the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology? Can Dero's goal be a blockchain network that can serve businesses and individuals worldwide and support secure, fast, and anonymous transactions and smart contract execution?

Dero was launched in December 2017 by a team of three full-time developers. Its team is anonymous but claims to have over a decade of experience in cryptography each, with multiple years of experience in blockchain development on top. Given the projects complexity and the milestones the team reached — it basically designed an entirely new consensus mechanism in Golang, a programming language with a high degree of immunity to security vulnerabilities — can we assume that Dero was created by people with long hands-on experience in cryptography?

Dero was developed from scratch to support millions of users with enhanced reliability, privacy, security and usability. It followed a build it and they will come approach in the sense that the team focused on designing working technology first, before focusing on marketing.

One of its key features is the utilization of CryptoNote, a protocol that conceals the sender and receiver of a transaction, protecting the identity of all parties involved and ensuring privacy. It is also the first blockchain to have complete SSL in the peer-to-peer layer. This encrypts all its network traffic and conceals it from internet service providers wishing to analyze the traffic.

Can Dero address use cases that require privacy such as voting services, escrow services, and address certification/verification? Can Dero establish itself as one of the top privacy coins on the market?

Dero has a maximum supply of 18.4 million. An initial pre-mine of two million DERO was established on network launch but is not part of the circulating supply. It will be used to finance development and marketing. Dero has a submission rate of 157,000 DERO/year with a smoothly varying block reward. Its block time is at 27 seconds, significantly faster than that of other proof-of-work blockchains, with confirmation time being 4.5 minutes.

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, can Dero be resistant to hash rate attacks and soft forks without suffering downtime? Can Dero be the fastest CryptoNote-based blockchain deployed?

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