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
Although the Bitcoin network is globally well established, it suffers from slow transaction times and does not support smart contracts.
The Ethereum network allows for smart contract deployment, but the transactions and smart contract details are visible to everyone, which greatly reduces the number of possible applications, as many companies and individuals want to keep their financial transaction and contract details private. The Dero project is currently developing an entirely new blockchain technology which will be the first to support private smart contracts combined with industry-leading transaction throughput.
DERO network has a block time of 12 seconds. This means DERO travels 50x faster than Bitcoin.
DERO is the industry leader with innovation and features DeroDAG technology, Bulletproofs and a TLS encrypted network.
DERO network has mandatory privacy for all transactions.
DERO project has been developed from scratch and is being actively developed by original developers.
We officially support almost all OS Windows/Mac/Linux/Unix/BSD/Solaris, even Android/IOS.
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.
An initial premine of 2 000 000 Dero was established on network launch, which is not currently part of the circulating supply. This premine will be used to finance development and marketing. When the network migrated to the innovative new Dero Atlantis blockchain on June 27th, 2018 the block height was 95550. Approximately 2 740 000 Dero coins were in circulation at this time. Following the switch to Atlantis, which reduced the block time from 120 seconds to 12 seconds, as well as implementing a brand-new type of blockchain DAG, approximately 7200 main blocks and 4000 side blocks are emitted each day.
The project was launched in December 2017 comprising a team of three full-time Developers. The core team members each have over a decade of experience in crypotgraphy and blockchain development.
The first significant milestone was reached in March 2018 when the developers implemented a world-first: a complete re-write of the CryptoNote protocol in Golang. This programming language was chosen because it has a high degree of immunity to security vulnerabilities such as buffer overflows and dangling pointers.
In April 2018, the Dero network migrated to the Golang code base without a single second of downtime. The migration of the code base coincided with a number of sophisticated attacks on CryptoNote based coins. Dero core team studied how the attacks were implemented and designed a new type of blockchain that is resistant to 51% hashrate attacks and softforks.
The Dero project unveiled this new blockchain technology in June 2018, codenamed “Atlantis”. It combines the Cryptonote protocol with directed acyclic graph and Bulletproofs. However, these are not just any Bulletproofs, but what have been coined Rocket Bulletproofs, leading to blocktimes of just a few seconds. In a controlled environment, the Atlantis network can achieve blocktimes as low as three seconds processing a thousand transactions per second. A world wide testnet was launched with a nine-second blocktime which allowed for extensive tests of the new technology.
July 2018 saw the successful and flawless migration of the Dero network to the new Atlantis codebase with a twelve-second block time and two minute confirmation time. This is by far the fastest CryptoNote based blockchain ever deployed, with up to 75 transactions per second. A relatively longer twelve second block time was chosen so that people in locations with sub-optimal network connectivity could still participate in the network. The Dero team plans to reduce the blocktime further in coming years, as network infrastructure improves around the world.
With a ground-breaking minimum viable product established by August 2018, just eight months after conception, the Dero team initiated applications for listings on major exchanges. A bold new marketing initiative is in the process of being established, with a primary focus on professional and business users and developers. An advisory team drawn from and representing the wider Dero community has been formed, and a new Dero Foundation that will support the aims of the Dero Project is in the process of being formed.
A primary goal for the remainder of 2018 is the development of private smart contracts and atomic swaps, with prototypes of this technology planned for testnet launch in the fourth quarter. Private smart contracts should be live on the Dero mainnet by end of December 2018.
DERO Network Specifications
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