What are the Secretes of DERO Coin
What Is Dero (DERO)?
Dero is a cryptocurrency built on blockchain technology, specifically designed to facilitate entirely anonymous transactions. This project combines the principles of proof-of-work with Directed Acyclic Graph (DAG) block structure technology to enhance privacy and security. The CryptoNote protocol is an open-source framework that heightens the privacy of crypto asset transactions, enabling the creation of Private Smart Contracts.
What are the Uses and Functions of DERO?
Dero Utilizes the Directed Acyclic Graph-DAG, which functions as a type of database that interconnects disparate pieces of data. The primary goal, as outlined in its whitepaper, is to establish a state-of-the-art blockchain that incorporates smart contracts and CryptoNote protocol technologies, thereby improving aspects such as privacy, reliability, usability, security, and portability.
What are the Working Principles of DERO Coin?
DERO employs cutting-edge technologies, including DeroDAG, Bulletproofs, and a Transport Layer Security (TLS) encrypted network. TLS serves as a security protocol for safeguarding data in internet communications, while Bulletproofs function as a cryptographic test enhancing privacy and anonymity. These advancements contribute to swift transactions and a blockchain encrypted to preserve user privacy. Additionally, Dero has implemented a robust system resistant to fifty-one percent hashrate attacks. Hashrate, indicative of computational power used for mining and transaction processing, is crucial for network security. Recognizing the demand for both blockchain privacy and transparency in certain scenarios,
How Secured and Protected is DERO?
DERO designed a fully integrated hardware wallet with biometric protection. The platform also ensures a secure, safe, and transparent voting process while keeping voters’ identities anonymous to the public.
What is the Seedsale/volume of DERO In Circulation?
The DERO token, denoted by the ticker symbol DERO, has an initial premine of two million coins. Of these, one million is allocated for developers, with a phased unlocking schedule spanning one to four years. The remaining one million coins are earmarked for community growth, marketing, and project development.
History of Dero (DERO): Dero was introduced on December 5, 2017, by three anonymous developers, each possessing over a decade of experience in blockchain development and cryptography. On June 27, 2018, the platform achieved a notable milestone by becoming the first cryptocurrency to implement Bulletproof on its network with original cryptography. The DERO community later released its whitepaper on October 2, 2018. The currency boasts a maximum supply of 18.4 million DERO coins.
Where Can I Trade DERO?
You can buy or sell DERO tokens on cryptocurrency exchanges like CoinEx, NonKyc.io and Tradeogre
