What is DERO (DERO)? | DERO Stargate Explained

DERO is a decentralized, PoW layer-1 blockchain featuring homomorphic encryption, wholly anonymous transactions, and private smart contract capabilities.

DERO Coin (DERO) - The network’s native coin $DERO allows for fast, secure and anonymous transactions on the DERO network. DERO crypto has a hardcapped max supply of 20.4 million coins.

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Privacy by Default - DERO blockchain offers unmatched privacy with advanced technology, including Ring Signatures, DeroDAG, DERO Rocket Bulletproofs, DERO-HE & TLS-secured encrypted network.

Stargate is a private decentralized application platform that allows users to develop & deploy unstoppable applications. Users retain control over assets with complete privacy.

Homomorphic Encryption - Stargate is built on the DERO Homomorphic Encryption Blockchain Protocol (DHEBP). With homomorphic encryption, account activity (including smart contracts) can only be decrypted by the owner.

DERO-HE - The unique Homomorphic Encryption Scheme (DERO-HE) is used for all DERO network transactions (including smart contracts). Calculations can be performed on encrypted data without needing to be decrypted first.

Private Smart Contracts - Stargate allows for the deployment of private smart contracts with encrypted sender/receiver information and token balances. Users remain anonymous, and assets are controlled by the owner instead of the smart contract.

DVM-BASIC - Stargate utilizes a contract-oriented, high-level language for implementing smart contracts called DVM-BASIC. Easy to program, very readable, and reduces protocol vulnerabilities.

Decentralization - Σ-Mining utilizes ‘mini-blocks’ that allow for on-chain storage of mining data, effectively turning DERO into one large mining pool. Mining rewards are distributed based on contributed work, creating a truly decentralized network.

AstroBWT Mining Algorithm - AstroBWT is an efficient CPU mining algorithm which reduces power demand from devices. It allows anyone to receive rewards and help secure the network using any device (including mobile).

WEBSITE: https://dero.io/