Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 88. (Read 123199 times)

luckily I was mined this coin at the first stage, the network hashrate was so crazy at this moment. just hold some of this coin, and wait for any development news. anyway when this blockchain will kill the asic monster miners? so I can mine this coin again/

To be fairly honest with you all, I'm all for the idea of mooning and love to see the price at $2.85 but something's kind of fishy now isn't it? 170 MH/s? No regular miners can keep up with that. Anyway, I'll sit back and watch the show. 

https://coinmarketcap.com/currencies/dero/

Nice!!!   

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The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol. Dero's goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.

The Dero development team has implemented complete SSL across the Dero network which is a first on any blockchain. This encrypts the entirety of our network traffic, which greatly reduces our attack surface, while simultaneously preventing ISPs or other users from analyzing Dero’s network traffic.

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• DERO is a completely new and unique CryptoNote blockchain written in Golang
• DERO is the first blockchain to have complete SSL in the P2P layer
• DERO will be the first CryptoNote blockchain to have 500 transactions per second on its native blockchain without any lightning networks, validators or off-blockchain solutions
• DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains
• CryptoNote privacy
• Smart contracts
• Atomic swaps
• Mobile and offline wallets
• Lightweight wallets
• Subaddresses
• Escrow services on the blockchain
• Address signing and certifying
• Voting on a private blockchain

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There are three developers working on the Dero Project who have been working in the field of cryptography and blockchain development as a team for more than a decade. Dero's research and development team are devoted full time to the project, and can often be found in our Slack channel. For now, the development team are choosing to retain their privacy until the Dero Project incorporates.

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• Proof-of-work (PoW) algorithm: CryptoNight
• Max supply: 18.4 million for the first 8 years followed by an infinite emission rate after year 8 of ~157,000 DERO/year
• Block reward: Smoothly varying
• Block time: 120 seconds
• Difficulty: Retargets at every block
• Ticker: DERO

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• Q1/2018 - Dero's new unique blockchain written and full Activation. - Completed ahead of schedule with the extra addition of complete SSL across Dero's network
• Q2/2018 - Record CryptoNote TX/sec, GUI wallets, sub addresses, atomic swaps, and smart contract testing.
• Q3/2018 - Smart contract support on chain. Q3 2018.
• Q4/2018 - Strategic market expansion, team growth, and more (coming soon).

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Resource Links  

WEBSITE: https://dero.io/
FORUM: https://forum.dero.io/
EXPLORER: https://explorer.dero.io
OFFICIAL POOL: http://pool.dero.live/
BINARIES: http://seeds.dero.io/alpha/

Exchanges & Stats:

EXCHANGE: https://stocks.exchange/trade/DERO/BTC
EXCHANGE: https://www.southxchange.com/Balance/Index/DERO
Stats: https://coincodex.com/crypto/dero/
Stats: https://www.difficultychart.com/dero
Stats: https://www.cryptunit.com/coin/DERO

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Dero: A new blockchain technology that brings CryptoNote privacy together with smart contracts.


Shifting from alpha to beta: CryptoNote with smart contracts

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Support

Please see: https://forum.dero.io/t/dero-monthly-update/446

Hmm will dero frok to any other version of cryptonight soon ?

I'm happy to say that Dero should be listed on Coinmarketcap in the next 24 hours!

lucky you

Just 2-3 weeks ago the Atlantis announcement might have staunched the bleeding for a few hours, the market was in such a funk; now it's good for a 6-bagger, to use the old Peter Lynch terminology.

My purchase of 300 DERO at 4800 Sats was supposed to be the first of several increasingly large purchases to be made over the next couple of weeks because I fully expected price to trend downward from the ASICs; instead it looks like I bought at or near the bottom!

Isn't that always how it goes? Well, at least you were buying.

Seems as plausible as any other possibility. 2BTC buy wall at 25,000 Sats now. And I was griping about buying at 6,000 Sats late last week.

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

Perhaps news got out that it's now possible to withdraw them more than 20 at a time if you buy a bunch LOL. I'm assuming it's part Atlantis, part Alts in general doing well, and part GPU / CPU miners essentially being shut out from mining and dumping. Though it does seem odd that ASIC miners who are, presumably, desperate to cover the cost of their purchases aren't dumping into the strength.

That seems pretty accurate. The atlantis news would have taken a while to catch on though and the ASICs probably panic sold a bunch trying to get the top. I think this is Atlantis related and some new groups are aware now not to mention the fact that coinmarketcap is coming soon.

M2, IIRC... but it's been a loooong time since I took an economics class.

In other news, that's a helluva spike in price for DERO today. And not to give out any financial advice, but I sold a fraction of the 300 coins I bought a few days ago so the remainder effectively cost me nothing to acquire. I have to admit I am a bit puzzled at the extreme strength today, despite there not being any notable news (except the Atlantis announcement, but that was a couple days ago) and the massive increase in network hashrate (I saw 132MH/s at one point today!?!). My theory that ASIC miners dump their coins as fast as they mine them seems to be suffering from a reality that does not agree.

Actually it's to slow down velocity of circulating supply (kind of like PoS). It's kind of used to hide inflation that has happened already, not really lower it. It's really just semantics at this point but I wanted to feel like I was part of the conversation.

Correct. PoS in my opinion encourages hoarding of the coins rather than distribution, whether by outright sale on an exchange or in transactions for goods. It's part of the reason that raising interest rates generally cools down inflation (or at least so the Fed thinks). It encourages saving rather than spending.

One theory is that people deploy mining capacity until they reach the practical limit of the power available, so ASICs didn't really reduce the amount of power used to mine BTC, they just massively increased the difficulty (ie - it takes far more computational effort to solve each block, so, net-net, no real power is saved).


I'm not really sure about the effect NH has, to be honest. Those that rent hashrate are effectively trading BTC to mine a specific coin, and presumably intend to hold said coin for some period. Those that rent out their hashrate are getting paid in BTC to provide their hardware to the NH marketplace so I suspect the net effect is a total wash.


I am holding a modest position in 2 PoS coins mostly as an experiment (ie - not because I have any particular love for either project), and after a few months of doing so I have found I am deeply reluctant to sell either of them, because I feel like I have to wait until I receive a block reward from staking to justify the time spent. I understand this is not entirely rational, but that's partly why I am doing the experiment, to see how I feel about PoS in general. Consequently, I would say that PoS is not appropriate for a coin intended for transactional purposes (rather than purely contractual, say) unless the effective annual interest rate is in the range of what fiat currency banks pay for a savings account or CD, because otherwise it appears to have a chilling effect on actually using the coin. At least it does for me.

Strong words...it is not so clever to use it in this case, and describe almost half of altcoin forum members as "out of their mind".
Maybe You do not see the whole picture, but only the fragments...
Comparision to BTC is impossible. Compare the network size. Do You know how big BTC network was prior of ASICs? ASICs kill decentralization, the basics of crypto movement. With ASICs the whole network was owned by few miners (solo). There is a big possibility of attacks and manipulations (51%) what is definitely not good for any coin.
Do not forget that GPU miners are "low cost marketing" for any coin developers, and support the coins in their early days, when it is most needed.
Regarding ASIC producers You are completely right, unfair business model. But, lot of users realize that, and avoid ASICs with such impossible ROI period. Specialy for altcoins.

Just use the right mouse button.