Contents
Overview of Dero
Blockchain
Traditional Blockchains process blocks as single unit of computation(if a double-spend tx occurs within the block, entire block is rejected).DERO DAG processes transactions atomically one transaction at a time.However DERO network accepts such blocks since DERO blockchain considers transaction as a single unit of computation.DERO blocks may contain duplicate or double-spend transactions which are filtered by client protocol and ignored by the network.
Encryption
Dero is the first blockchain project to use TLS encryption for its network communication, which protects the network participants from eavesdropping and tampering of network data.The Dero Project is building a blockchain network that will be used by thousands of businesses across the globe.Therefore, the security of the network is of highest importance.Unencrypted communication via HTTP posses a risk for privacy, security and integrity of the network participants.
Mine
On this subject, I would perhaps suggest creating an avenue for revenue generation.Regarding project funding, Dero is currently funded using the premine as well as community support, but will look to the Dero Foundation in the future.
Network
Dero is building a network that they anticipate will be used by a vast array of businesses and individuals around the world, and have taken unprecedented measures to secure the network accordingly.
Support
5 out of 5.As a new user, you’d immediately find out that Dero has 12-second blocktimes with no orphan blocks and, most importantly, is working on private smart contracts.Further, I found out that a Dero Convention was organised, which is great for brand awareness and community growth.I saw around 60 individuals posting over the past week, which is 7.28% engagement.Looking through recent conversation, I can see an update on the Cryptopia listing, with Cryptopia now beginning wallet integration; support queries on cold wallet offline transactions; far more discussion about Dero as a project rather than just price; back-and-forth about deroDAG and the new codebase etc.Overall, the conversation is much more focused on what makes Dero Dero.There also seems to be more members involved in discussion than in the Discord, despite there being half the members.There seems to be a genuine and active interest in helping find and develop solutions to present or anticipated future problems.This is stronger than the engagement in any Telegram group of a coin I’ve previously written a report on.This serves to highlight the distinguishing features of the coin.
Transactions
DERO is decentralized DAG(Directed Acyclic Graph) based blockchain with enhanced reliability, privacy, security, and usability.At present DERO have Smart Contracts on testnet.Consensus algorithm is PoW based on DERO AstroBWT: ASIC/FPGA/GPU resistant CPU mining algorithm .DERO is industry leading and the first blockchain to have bulletproofs, TLS encrypted Network.DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and wholly anonymous transactions based on CryptoNote Protocol.DERO will be the first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.The fully distributed ledger processes transactions with a twelve-second average block time and is secure against majority hashrate attacks.
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DERO–Why?
Spotted Dero awhile ago (partly cause of the cool logo) but I just wanted to ask this question to help promote exposure.
Have an upcoming project?
Contact Dero to get started.
Is dero on STEX?
I used to have a few hundred dero on there.I've bene having trouble getting into the account and in the mean time while i have been trying to get that fixed i noticed the dero website doesn't list STEX as a dero exchange.
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What is Dero?
The goal of the Dero project is a blockchain network that can serve businesses and individuals around the globe, allowing for secure, fast and anonymous transactions and smart contract execution.
Why Blockchain and DAG?
Many of us can spout the inherent benefits of blockchain in our sleep by now.