DERO operates as a blockchain platform that is private, scalable, and decentralized. The platform has been developed for general purposes. Developers can leverage its functions and deploy powerful applications whilst allowing their app users to retain complete control over their assets and privacy. The DERO project was launched in 2017 and is continuously being developed. The blockchain itself is original, this is in the sense that unlike many other blockchains it is not a fork of any other coin.

DERO is the platform’s native cryptocurrency. It has a maximum supply of 21,000,000 and it can be mined using the AstroBWT algorithm.

What is noteworthy about DERO?

As mentioned, the DERO network places a strong emphasis on network privacy and security. As such, the platform has homomorphic encryption, DHEBP (DERO Homomorphic Encryption Blockchain Protocol). This type of encryption allows data to be transferred and operations to be performed without data being decrypted. This is used together with an account-based model. This facilitates instant transactions as well as enables an extra layer of security and privacy. Users can also verify their fund balance without the need to sync the entire chain.

DERO also has a comprehensive set of features that are targeted toward retaining these high levels of privacy. Other privacy-centric features include:

Only DERO account owners can access and decrypt their data;
Smart contracts are private and secure;
Not hidden parameters;
51% attack immune;
Decentralized Proof-of-Work Mining.

In addition, the DERO blockchain uses a unique mining system known as DERO Σ (Sigma). The system rewards all miners for their effort. This differs from the more commonly found winner-takes-all system. Furthermore, the system allows all transactions to be settled in the very block that they happened. This facilitates instant full transaction confirmation meaning that 51% attacks. Furthermore, DERO wallets are only able to have one spending transaction to one address, or many, open at any given time, this ensures that double spending cannot take place.

Where can you buy DERO?

DERO is available to buy on the CEXs and DEXs as listed on the market tab here. Some of the most popular exchanges include Kucoin, Hotbit, and Stex. The price of DERO will depend on the exchange listing, as well as market interest. For full and up-to-date information about DERO price, including historical price charts, please view the price data on this page.

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Historical Data for Dero