Dero
DERO #2480Project Safety Score: 36%
Updated 1 hour, 46 minutes agoRecord
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DERO is a general purpose, private and decentralized application platform that allows developers to deploy powerful and unstoppable applications where users retain total control over their assets with complete privacy. It is our goal to create a sound monetary framework that will globally safeguard the privacy of all users and empower free markets to thrive with complete auditability.
Stargate is built upon the first homomorphic encryption blockchain protocol. Simply put, account activity on the DERO network is never decrypted by anyone other than its owner using a homomorphic encryption scheme for all transactions on the network, including transactions to and from smart contracts. This is achieved using a new and unique homomorphic encryption scheme (DERO-HE) and the underlying DERO Homomorphic Encryption Blockchain Protocol (DHEBP).
Stargate also comes with some convenient features including:
- Homomorphic encryption account model
- Human-readable addresses (usernames)
- Efficient and decentralized proof-of-work mining
- Instant coin and token balance syncing
- Native token transfers via wallet
- Support for both public and private token smart contracts
- Web socket support for connectivity with decentralized applications
- Transfer settlement in ~18 seconds (1 block)
- Blockchain pruning (light nodes)
- Fixed supply with halving
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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