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About Dero

Dero (DERO) is a distinctive cryptocurrency project that merges a proof-of-work blockchain with a Directed Acyclic Graph (DAG) block structure, with the aim to facilitate completely anonymous transactions. Dero's design is a combination of the notable features of both consensus mechanisms, aiming to provide the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology. The project was initiated in December 2017 by an anonymous team of developers with extensive experience in cryptography and blockchain development. Dero's primary objective is to establish a blockchain network that can cater to businesses and individuals globally, supporting secure, fast, and anonymous transactions and smart contract execution.

Dero's unique implementation constructs a main chain from the DAG network of blocks, which includes main blocks and side blocks. Side blocks contribute to the chain's proof-of-work security, making traditional 51% attacks impossible. Unlike traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block. This means that blocks on Dero can contain duplicate or double-spend transactions, but these are filtered by the client protocol and ignored by the network. Dero also employs the CryptoNote protocol, which conceals the sender and receiver of a transaction, ensuring privacy. Moreover, Dero is the first blockchain to have complete SSL in the peer-to-peer layer, encrypting all its network traffic and concealing it from internet service providers wishing to analyze the traffic.

Dero seeks to cater to use cases that necessitate privacy, such as voting services, escrow services, and address certification/verification. The platform's key features, including its use of CryptoNote and its capacity to support 75 transactions per second on its native blockchain without using any scaling solutions, make it suitable for these applications. Dero's security mechanism, which includes a new mining algorithm called AstroBWT, also makes it a viable option for applications that require a high level of security.

Dero was initiated in December 2017 by a team of three full-time developers. The team, which remains anonymous, claims to have over a decade of experience in cryptography each, with multiple years of experience in blockchain development. The project's complexity and the milestones the team has reached, such as designing an entirely new consensus mechanism in Golang, suggest that Dero was created by individuals with extensive hands-on experience in cryptography. Dero was developed from scratch with the intention to support users with reliability, privacy, security, and usability. The team focused on designing working technology first, before focusing on outreach activities. Dero has a maximum supply of 18.4 million, with an initial pre-mine of two million DERO established on network launch to support development and outreach activities.

Market

Market stats

Market cap

$40.5M

Volume (24h)

$40,632.98

Circulating supply

14.3M DERO

All time high

$25.42

Market performance

Price change (1h)

+0.41%

Price change (1d)

+3.47%

Price change (1w)

-3.64%

Price change (2w)

-5.2%

Price change (1m)

-15.28%

Price change (1y)

-52.28%

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Dero is on the decline this week.

The price of Dero has increased by 0.41% in the last hour and increased by 3.47% in the past 24 hours. Dero’s price has also fallen by 3.64% in the past week. The current price is $2.83 per DERO with a 24-hour trading volume of $40.63K. Currently, Dero is valued at 88.86% below its all time high of $25.42. This all-time high was the highest price paid for Dero since its launch.

The current circulating supply of Dero is 14,312,916 DERO which means that Dero has as total market cap of 14,312,916.

FAQ

What is the current price of Dero?

We update our Dero to USD currency in real-time. Get the live price of Dero on Coinbase.

What is the market cap of Dero?

The current market cap of Dero is $40.53M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dero?

The all-time high of Dero is $25.42. This all-time high is highest price paid for Dero since it was launched.

What is the 24 hour trading volume of Dero?

Over the last 24 hours, the trading volume of Dero is $40.63K.

What other assets are similar to Dero?

Assets that have a similar market cap to Dero include Aura Finance, AhaToken, Goldfinch Protocol, and many others. To see a full list, see our comparable market cap assets.

How many Dero are there?

The current circulating supply of Dero is 14 million.

Can I buy Dero on Coinbase?

No, Dero is not currently available on Coinbase, but you can sign up to get the latest news on Dero and be notified when it gets added to our exchange.