Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 93. (Read 123199 times)

I just want to call a time out here and pause for a moment to take something in.

What has just been announced, Dero-Atlantis, proposes a 3 second block time, 60 seconds for a fully confirmed transaction, and 500 transactions per second.

From where I am standing, this looks like huge news.

For comparison, transaction times per second:

Bitcoin:      3 to 4
Ethereum: 20
PayPal:      193
Visa:         ~1,667  (actual value; claim is up to 56,000 technically feasible)

This puts Dero somewhere between PayPal and Visa.

If this is technically feasible for Dero, this basically solves the transactions per second problem so often reported in the press for blockchain.  And furthermore, ON CHAIN (an important detail).  That is very big news.  And Dero is not even sold as having a payments system as its main feature.

A payments system that fast is capable of being used as a major payments system.  First off, transactions per second, nearly a third of Visa's actual value.  That puts it into the very big league indeed.  Second, confirmation time.  As has been pointed out elsewhere, for small transactions you don't need to wait for full confirmation.  Buying a coffee or some groceries would just take a few seconds; for major transactions, you'd have to wait up to a minute (which sometimes does happen for credit card payments, especially if verification is required).

Perhaps that is not technically feasible, I don't know, and I am nowhere near technically competent to judge (three second block time???).  But the technical team has delivered on its promises so far.  If Dero lives up to this promise, the issues this month with the hashrate are going to pale into absolute insignificance...

I can appreciate where you're coming from, and with respect, I think you misunderstood. I was giving people like yourself a greater insight to how Dero's team thinks and operates.

The actual issue you're talking about is not insignificant but on the grand scheme, there are more (critically) important issues to address first. An example would be the multiple large vulnerabilities still prevalent across a number of networks, not just CryptoNote based networks.

Changing the PoW is a quality of life issue, and one that is going to be addressed shortly.

Fixing network security and stability is a critical issue that had to be addressed first. Making sure that this is entirely resolved is a large part of what Dero-Atlantis is built for.

I felt (and still do) that pointing out a silver lining was appropriate for the circumstances.

---

---

---

---

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.

---

---

• 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

---

---

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.

---

---

• 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

---

---

 

• 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).

---

---

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

---

---

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


Shifting from alpha to beta: CryptoNote with smart contracts

---

---

Support

Serena, the robustness of the Dero daemon is a great sentiment, but telling people to focus on the good is not how business works. You have to keep your customers and shareholders happy which is a fickle thing. You can have the best product in the world but people will always want more. In my work I do not see that as a burden, but as a blessing. People are so interested in the project they’re willing to spend their own free time to communicate what they are hoping for/thinking about. What would be much worse is radio silence about the issues.

As for the ASIC issue, from a comparative perspective, deprioritising ASIC resistance is precisely what it looks from the outside. I’m not saying that’s a good or bad thing here, only that other coins set the bar in how rapidly that change can be implemented (Monero and Sumokoin within a handful of days of Baikal Giant Ns hitting the consumer market). So, given what we’ve seen in the market and the bar that’s been set, it’s hard not to arrive at that conclusion. Now, if you could help us understand why specifically DERO is choosing (it does appear this is a choice decision not a difficulty one) to not focus on ASIC resistance that may help allay people’s concerns.

Stop. Let's talk about it deeper. Developers make new POW it's first. Second asic's now eat each other (it's not one owner). Third - dero have only about 450blocks everyday, that mean in one day we have about 450*27.5= ? Coins. Fourth - it's not going to damage future investors and holders, because only one lucky asic owner (who was first in dero network) take many coins, but already sold almost all (it's my math, don't ask :-)) now it's only pure asic owners who take some cents from dero , and they can't take much of this, don't worry. Just few advices: to Holders - Hold your coins long as posible, for investors - be slowly, don't try to waste all pocket in 1minute, investors need take dero step by step (my price on april it's 40cents, if you see 50cents take half, if you see 60cents/dero take just a little, if you see 70cents, don't do that!. For miners i just want to say: earn some ETH type coins (music, pirl, ubiq) and then change to dogee/btc/dero, use exchange! Use two exchange if you need. Be smart, be quite and analise all information about project you want to join. Good luck!

There is a detailed answer:
Why my IP is banned?

--
Sincerely yours,
https://dero.miner.rocks

Smoothness is not the only factor we look at when choosing exchanges

I'll second this. TradeOgre has been very smooth for me when trading other coins. Instant order execution, no lags in deposits appearing, and zero withdrawal problems.

--Serena-- place a DERO on the tradeogre.com
there is a very simple form on the site. this is basically an exchanger for miners. I would gladly change there sumo or monero to dero. Mine it now does not make any sense. Cheaper to buy.

I do not think that the asic is now the primary problem. But I'm for heavy algorithm like sumo.

Hello everyone,

I just want you to know that we're still going over all of your feedback and our team is carefully considering everything you say. The Dero team knows that this level of network hash is not a positive thing. However, I don't think it's been pointed out yet how stable and resilient Dero's network has been.

It's easy to get caught up on the things that are troubling you. I believe this is where the saying "the squeaky wheel gets the grease" comes from.

I think it's critically important to recognize that while others shifted their PoW algos, Dero fixed and continued to work on the issues that allowed so many networks to be attacked recently.

Please don't take that as we're ignoring the ASIC issue, what Dero is doing is looking at the issue from a different perspective and fixing the underlying problems before addressing what exacerbated them.

I'm not sure I see a big problem.  Maybe you guys are right, but I need to be convinced.  There are two main issues as I see it.  The first is that the current supply of new coins isn't going to us anymore, those among us in this community who are miners, but are instead going to some other bunch of guys instead who don't really "care" about the coin.  But why does that matter?  If you still want to get the coins, mine some other coin instead and exchange for the Dero you want to accumulate.  If Dero hadn't been listed on any exchange, the ASIC phenomenon would have been a lot worse - but then of course if Dero hadn't been listed on any exchange, the ASIC guys wouldn't really be interested, would they?

The second problem is price.  There are two possibilities.  Either these guys start dumping their Dero, and price declines, or they don't, and price more or less continues as it has been, or they all hold, and price increases.  To me it seems most likely these guys will dump.  Aren't they all in it for short term profits so they can move onto the next thing (buy more ASICSs)?  So Dero price decreases for a while, and that's good for us believers, right?  We get to buy up a lot of Dero cheap!

I must agree. Or it could be worse. They could not dump it, and if the project succeeds (as I think it will), they'll become the biggest bag holders without so much efforts. Not much fair. It defeats the decentralization and anti ASIC principles that the project bases itself.

I have a feeling that DERO is not against repeating the ASIC path of the ELECTRONEUM (800+MH)

Well said, well said. Someone give this guy a merit because I am all out!

I hope that DERO will consider forking to v7 as soon as possible. DERO could fork again to their own custom POW once it is ready. The nethash is up over 100MH/s, one person, or at least a small group of ASIC owners are getting the lion share of mining rewards released. The ~37,000 DERO released daily is enough to completely annihilate the buy orders of both exchanges. ASIC owners will only be interested in recouping their investment costs as soon as possible. Whoever is getting all of the DERO released cannot sell all of their rewards as the price would plummet.

I would assume that a fair amount of DERO is being put aside from these miners for future sale at a more opportune time. This could significantly thwart DERO's future momentum in the market.

That’s fantastic. However, if I’m reading this correctly are you saying ASIC resistance will not be implemented until 30-45 days in the future when DERO Atlantis is merged?

Hello everyone,

The Dero team are very proud to announce what our amazing development team have been up to! The following is a quote from our lead developer "Every part of the DERO blockchain from P2P protocol, Consensus protocol, POW, Forking, Security, Scalability, Wallets is being re-designed to meet DERO vision.

We are working on a blockchain that will be scalable to TeraBytes, serving millions and countries everyday, yet fast, private, truly decentralized, secure and reliable.
There were several challenges which have been solved to become one of the most usable blockchain."
-
We are very proud to announce: DERO-Atlantis

DERO-Atlantis few features:

Block time of ~3 seconds.
~500 TPS(Transactions Per Second).
No orphan blocks.
Faster settlements and confirmation times of less than 60 seconds. Change spending will be allowed after ~60 seconds.
Optional Extremely light weight, mobile and offline wallets.
New Dero address specifications to allocate wallets to everyone. Wallets will be lightweight, private, secure, with support of shadow addresses(infinite). Family-members, Cars, IOTs etc. can have shadow addresses. Shadow addresses are linked to primary wallet and can be used independently just like primary wallet. Example: Refrigerator can have shadow address for independent transactions and records.
Primary address can view/control shadow address balances etc. but not vice-versa.
Native blockchain without any lightning networks, validators or off-blockchain solutions.
-
-
What about the PoW change? "POW will be definitely changed to make it more egalitarian in DERO-Atlantis. Few algorithms have been short listed for DERO’s next POW and are under tests to handle scalabilty, verifiabilty, DDoS issues etc. Right now there is no change in POW as we are already in process of migration to new blockchain next month."

-PLEASE SEE: https://forum.dero.io/t/dero-monthly-update/446*

Yep, I am in this for the long haul and don't really want DERO to get listed on more exchanges before the core feature of private smart contracts is in beta testing. Rushing to get your coin listed before anything else certainly didn't do Intensecoin any favors, for one example.

***

Please report posts like that of segotiwul to help the mods root out the sig campaign spammers and other shitposters that plague the forum these days.

Too bad!I use it. There are no problems like wth STOCKS.EXCHANGE

I think this issue has already been addressed:

- The devs want to wait to have Dero listed on quality exchanges; in the meantime, one or two small exchanges is sufficient

- The devs want to wait until Dero is mostly ready for prime time use before the wider world (the bigger exchanges) get to know about it.

I am a Dero investor and I had to think about it for a while, but I am now in full agreement with this policy.  You'll find most folks on here are in for the long haul (several years I would expect).  Bear in mind that the Golang code is still very much in alpha/testing mode and the devs haven't even started yet on the main payload of Dero, which is the smart contracts (correct me if I'm wrong, devs).