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Bob’s Gem of the day 21 -Dero (DERO)The Etherium-Style Privacy Blockchain

Gem of the day 21 -Dero (DERO)

 

Current price:

$1.11 USD

All time high price:

$4.54

Market Cap

$6,411,322 USD

Volume (24h)

$36,062 USD

Circulating Supply

5,752,419 DERO

Max Supply

18,400,000 DERO

Rank 354

Social:

What is DERO?

  • DERO is a new, experimental blockchain technology written in Golang with a focus on enhanced Privacy and Smart Contracts
  • It does this while maintaining the transparency and security of the blockchain.
  • The goal is to create a unique state of the art blockchain technology with enhanced Reliability, Privacy, Security, Usability, and Portability
  • It brings together some of the best proven technologies like CryptoNote Protocol and Smart Contracts, thereby allowing for the creation of Private Smart Contracts.
  • The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol.
  • Dero’s goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.
  • The Dero development team has implemented complete SSL across the Dero network which is a first on any blockchain. It encrypts the entirety of its network traffic which reduces its attack surface
  • It also prevents ISPs or other users from analyzing Dero’s network traffic.
  • The Dero Coin provides the means of exchange within the Dero network and will be used to power smart contracts.
  • As with any Proof of Work network, the Coin is emitted through mining, with each new block providing a specific but progressively diminishing reward.

Why I like 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.
  • DERO will be the first to support private smart contracts combined with industry-leading transaction throughout.
  • DERO network has a block time of 12 seconds. This means DERO travels 50x faster than Bitcoin.
  • DERO network has mandatory privacy for all transactions.
  • Max supply: 18.4 million. Very pampable!
  • This has all the hallmarks of a top 10 privacy coin.

Risks:

  • Like all projects around at the moment the project is barely off the ground. This is a speculative long term play with huge potential upside.

 

Rating:

9/10

  • I LOVE the idea behind Dero. 
  • Private smart contracts combined with industry-leading transaction speed.
  • Low coin supply.
  • Low cost….for now!
  • At these prices and with TOKTOK & Tradeogre supporting the project it’s only a matter of time before the tide turns for Sentinel Protocol!

Links:

Website:

Exchanges:

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