What is dero? Dero is the application platform that allows developers to distribute applications while giving users full control over their assets. In this article Kriptokoin.com we will answer the question “What is Dero”. In addition, we will also touch on other curious issues about the platform.
What is Dero?
It is a homomorphically encrypted protocol that serves users worldwide with its smart contract and service model offered in addition to fast and anonymous transactions. It originated as a code fork of Monero. It uses the CryptoNote protocol. It is the first cryptocurrency project to combine Proof of Work Blockchain with a DAG infrastructure with anonymous transactions. Additionally, it is the first CryptoNote blockchain with no layer or secondary blockchain smart contract on the native chain. The project was created in 2017. It is an open source cryptocurrency system. The name behind the project is an anonymous cryptographer named “Captain”.
What is Dero’s purpose?
The main purpose of Dero platform is to use smart contract technology popularized by networks such as Monero, Zcash, Pivx and it supports Ethereum, NEO, Stellar, EOS etc. to support networks. For this purpose, Dero was first forked from Monero and then completely written from scratch in Golang. However, for this reason, the project is not currently called a fork of another coin. Today, the platform; It exists for developers to deploy secure, open, scalable decentralized applications.
What are Dero’s strengths?
Dero, in his own words, attaches great importance to security and privacy. Users can perform special operations on the network to protect against network attacks at the common protocol level. In addition, Dero technology is a transparent technology. It scales with network load, providing an ideal environment for business applications. The platform, which promises instant synchronization and fast transactions to its users, has a block time of 18 seconds.
What is Dero’s total supply and current price?
According to Coinecko data, Dero’s maximum supply is 20,999,999 DERO, and the total supply is 18,400,000 DERO. The circulating supply of the project is 12,539,851 DERO. However, the platform has a market cap of $66,915,811 with a trading volume of $178,388 in the last 24 hours. DERO is currently trading at $5.33 on cryptocurrency exchanges. However, it rose as high as $27.29 and broke its own price record.
What is dero? How to take
The platform is currently traded on a small number of cryptocurrency exchanges. Investors wishing to invest in the platform should open an account on one of the exchanges where Dero is traded. The exchanges that Dero is currently involved in are: KuCoin, TradeOgre, CoinEX, ViteX, STEX and Hotbit. People who want to invest in the project should open an account in one of these exchanges we have listed. Additionally, investors can deposit USDT etc into their wallets. must add a cryptocurrency.
