Dero is the first cryptocurrency project to combine a proof-of-work blockchain with DAG block structure and completely anonymous transactions. A fully distributed ledger handles transactions with an average blocking time of twelve seconds and is safely resistant to most hash rate attacks. Dero will be the first CryptoNote blockchain to have smart contracts on its native chain without any additional layers or secondary blockchains.

DERO virtual machine

Smart contracts on the DERO blockchain will run on the DERO virtual machine (DVM). DVM is a Turing complete 256-bit virtual machine running environment for DERO smart contracts and CryptoNote protocols and other modifications.
DVM is unique because in addition to executing smart contracts, it will also maintain the privacy and playability of the identities involved in the smart contracts. DVM will support Solidity and Golang languages. The DVM is in development phase and some other features and optimizations are planned.
DERO initially started as a branch of Monero's code (it is itself a branch of Bytecoin). Using the CryptoNote protocol, DERO's goal is to become a brand new blockchain technology that integrates privacy cold weapon protocol functions and new smart contract control functions. The Cryptonote core is undergoing golang updates. DERO will introduce smart contracts on the DERO blockchain. The implementation of the CryptoNote protocol in Golang has been basically completed.

Project prospect

Dero combines the advantages of Monroe, Ethereum, Nano and even Beam (in the form of selective audits) and is building a project.
This reminds me of Chainlink, which does not do too much marketing, but focuses more on the technology itself. Once the behind-the-scenes work is revealed, the price trend will continue to rebound, which will make other top 100 currencies envious.
I would like to see the main problem that Dero’s team solve is legalization. Monroe is recognized as a typical example of “money laundering”, which is not conducive to large-scale global adoption and is not conducive to government acceptance.
But for those businesses that need private smart contract solutions, Dero still has a huge opportunity to consolidate its No. 1 position.
We have no reason to assume that encrypted privacy is only for evil purposes, just like we won’t go randomly guessing that neighbors close their doors to commit crime behind their backs.
In addition, other legitimate needs that require privacy, such as voting services, hosting services, address authentication/verification, etc., are just a few of the legitimate purposes provided by these private smart contracts, and there are still many that need to be built.
If Dero can effectively build itself (or even rebrand as rumored), then they can eliminate the world's unfounded fear of cryptocurrencies and take control of their own destiny from now on.
With the technology, vision and advancements Dero has demonstrated so far, they have won a place in the future crypto world, and if they can survive, their rise will also be able to attract the attention of everyone.

Technical Overview

1. Based on the CryptoNote Privacy Protocol, DERO uses the CryptoNote Privacy Protocol, which means that DERO's transactions cannot be passed through the blockchain to reveal who sends or receives the currency. Dero leverages all aspects of the privacy features of the CryptoNote protocol in its new blockchain technology to protect the identities of all participants in the transaction.
2. Using DAG and pow algorithms not only avoid soft forking but also 51% double-spending attacks.
3. Adopting smart contracts: A smart contract is a digital self-executing contract that can execute the terms set by all participants in the contract. The goal of smart contracts is to significantly improve contract security while reducing costs associated with traditional contracts.
4. Using Bulletproofs, DERO will reduce the transaction fees very low, which is very conducive to users' use.
5. Adopt atomic swaps: Atomic swaps can make exchanges between cryptocurrencies possible without the need for a trusted third party. To prevent one party from being unable to send currency, atomic exchange uses a feature called hash time locking contact (HTLC) to enable trustless trading systems.
6. Voting: By using blockchain technology, any group or organization can create a secure and transparent voting system while keeping voters completely anonymous.
7. Blockchain hosting service: Hosting services can use Dero’s blockchain technology to use it as a trusted third party. In this case, financial instruments or assets are recorded in the blockchain and retained to the appropriate instructions or performance of contractual obligations.
DERO has achieved many innovations in technology, such as the first to adopt smart contracts among anonymous coins, which improves its security.
The use of DAG and pow not only avoids soft forks but also 51% attacks. In the main block of the DAG network in the DERO main network, the DERO block network gives miners a 100% reward and the side block gives 8% reward, solving the natural fork problem caused by the extremely fast block output speed of 12 seconds. Therefore, DERO does not have soft forks and no orphans. Meanwhile, if the DERO network finds more blocks at the same height, the DERO will contain all blocks instead of selecting one, so computing power attacks are futile.
Another innovative point is that in DERO transactions, not only the transaction address is anonymous, but even the address of the smart contract is also anonymous.

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