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Author Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts  (Read 119649 times)
--Serena--
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May 06, 2018, 03:43:51 AM
 #2901

Hi CapDero and Serena, I have a question regarding the virtual machine of DERO that will allowed to run smart contracts. Whit this virtual machine is possible to create tokens?
Thanks for your answer

Given the recent regulatory uncertainties around ICOs, Dero is going to make sure we do thorough research on the subject before we give a firm answer. They're not a bad idea, we just really need to make sure we choose the correct path, and for now, all paths are less clear until we have some regulatory certainty.
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May 06, 2018, 03:45:07 AM
 #2902

                                                                 
 


How to start using Dero                Downloads                Whitepaper                Support      



About DERO  

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's Key Features  

  • 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




About The Developers  


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.




Coin Specifications  
 

  • 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




Dero's Roadmap  

 
  • 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).




Dero Related Links  

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://tradeogre.com/exchange/BTC-DERO
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





Articles and Media Content  


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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eskargot
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May 06, 2018, 08:05:01 PM
 #2903

I do not know if it happens only to me, but when mining power increase in the dero network, the daemon synchronizes extremely slow ...
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May 06, 2018, 09:26:42 PM
 #2904

I do not know if it happens only to me, but when mining power increase in the dero network, the daemon synchronizes extremely slow ...

I would have to agree, my daemon is stupid slow to sync. Mine got hung up somewhere among updates so I decided to sync from scratch. Over 24 hours now and only at 63,618...
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May 07, 2018, 10:02:26 AM
 #2905

I do not know if it happens only to me, but when mining power increase in the dero network, the daemon synchronizes extremely slow ...

I would have to agree, my daemon is stupid slow to sync. Mine got hung up somewhere among updates so I decided to sync from scratch. Over 24 hours now and only at 63,618...

If you're still having issues now or in the future, you can download what you need here: http://seeds.dero.io/blockchain/derod_database.db.zip
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May 07, 2018, 10:23:51 AM
 #2906

Network HR at 371 now - impressive  Shocked

Can't wait to see what will happen after next big update - I hope it will go Nicehash proof too as IPBC has done, so Dero can be properly returned to the community that has supported it.
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May 07, 2018, 12:14:20 PM
Last edit: May 07, 2018, 12:25:35 PM by fellestreum
 #2907

Hi CapDero and Serena, I have a question regarding the virtual machine of DERO that will allowed to run smart contracts. Whit this virtual machine is possible to create tokens?
Thanks for your answer

Given the recent regulatory uncertainties around ICOs, Dero is going to make sure we do thorough research on the subject before we give a firm answer. They're not a bad idea, we just really need to make sure we choose the correct path, and for now, all paths are less clear until we have some regulatory certainty.

I find this to be an interesting answer.  It means the Dero developers want to be regulatory compliant/friendly (like Cardano) despite being a privacy blockchain.  It puts Dero in quite a unique position, quite unlike any other coin, I think.  This and other responses from them (and the feature wishlist of Dero, especially the combination of privacy and transparency via certification/identity verification) reveal the Dero team to be extremely ambitious - they really are designing a coin for the big time, ready to challenge the likes of bitcoin and ethereum.  (Probably 'coin' is the wrong term; we should really be calling it an asset or cryptoasset.)

I am still waiting to hear how the developers intend to solve the problem of scalability with regard to the energy use for any proof of work network.  I know it is on the featurelist, but no information has been released as to how it will be achieved.   I have asked that question a couple of times on this message board, and I have also asked it in private correspondence with the team, and have yet to hear any answer.
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May 07, 2018, 12:18:10 PM
 #2908

Network HR at 371 now - impressive  Shocked

Can't wait to see what will happen after next big update - I hope it will go Nicehash proof too as IPBC has done, so Dero can be properly returned to the community that has supported it.

This is too depressing to follow anymore, and the situation was made even worse by the announcement of the Z9 Equihash ASIC which will make it totally impractical to mine another of my favorite coins, ZenCash. I'm seriously considering either buying a Z9 and joining the dark side, or else selling off most of my GPUs and quit chasing these Quixotic projects that say they stand for one thing only to get Rick-Rolled by an ASIC a few weeks/months later.

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May 07, 2018, 12:21:00 PM
 #2909

...
I am still waiting to hear how the developers intend to solve the problem of scalability with regard to the energy use for any proof of work network.  I have asked that question a couple of times on this message board, and I have also asked it in private correspondence with the team, and have yet to hear any answer.


That's because there is no answer: the dramatic increase in network hashrate strongly suggests, if not outright proves, the theory that miners will deploy hashrate up to the limit of their available power, so "more efficient" miners like ASICs don't lower energy use, they just increase the network hashrate (and therefore the difficulty). It's a situation where nobody but the ASIC miner manufacturers win.

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May 07, 2018, 12:29:51 PM
Last edit: May 07, 2018, 12:52:35 PM by fellestreum
 #2910

Network HR at 371 now - impressive  Shocked

Can't wait to see what will happen after next big update - I hope it will go Nicehash proof too as IPBC has done, so Dero can be properly returned to the community that has supported it.

This is too depressing to follow anymore, and the situation was made even worse by the announcement of the Z9 Equihash ASIC which will make it totally impractical to mine another of my favorite coins, ZenCash. I'm seriously considering either buying a Z9 and joining the dark side, or else selling off most of my GPUs and quit chasing these Quixotic projects that say they stand for one thing only to get Rick-Rolled by an ASIC a few weeks/months later.


I'm satisfied with the team's answer for now: wait until Dero Atlantis because that will solve this problem as well as introducing other new and valuable features.  I think it is quite feasible that this whole ASIC nonsense is a temporary blip that no-one will care about 6 months down the line.  My guess is that the team is working on a way to future-proof the network against future ASIC control by enabling protocol changes through updates that defeat hardware ASICS (and nicehash) but without having to go so far as to implement hardforks.  Perhaps it is an impossible dream but that is what I am waiting for.
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May 07, 2018, 12:38:18 PM
Last edit: May 07, 2018, 01:17:06 PM by fellestreum
 #2911

...
I am still waiting to hear how the developers intend to solve the problem of scalability with regard to the energy use for any proof of work network.  I have asked that question a couple of times on this message board, and I have also asked it in private correspondence with the team, and have yet to hear any answer.


That's because there is no answer: the dramatic increase in network hashrate strongly suggests, if not outright proves, the theory that miners will deploy hashrate up to the limit of their available power, so "more efficient" miners like ASICs don't lower energy use, they just increase the network hashrate (and therefore the difficulty). It's a situation where nobody but the ASIC miner manufacturers win.


I see your point and I agree if you are talking about 100% proof of work coins like Dero is now.  But I think there are other possibilities you are not considering.  One, for example, is that the team implements some sort of hybridised proof of work and proof of stake in some future update (beyond Atlantis).  I am just shooting off the top of my head here because I don't have any technical expertise in this field.  But how about a system where each wallet is staked as in a PoS system but instead of a single coin, a group from different stakers is chosen at random and then they then have to mine in order to determine who among that subgroup will find the next block.  This could see a dramatic decrease in energy usage without (with the right implementation) sacrificing the cryptographic security that is inherent to PoW.  I am not actually suggesting this is a good solution; my point is that the innovation space of this field is still wide open, and there might be as-yet undiscovered technical solutions waiting to be developed.  If this is the case, it would be nice to know from the Dero team that they are exploring leads, even if they don't want to reveal what these are yet.

PS.  I'd also like to see the elimination of mining pools by incorporating 'virtual pooling' directly on the blockchain.  Seems to me like you could implement a system where solo miners mining directly from their wallet get rewards that are proportional to their hashrate with every new block.  See no reason why this can't be implemented (in combination with PoS, too).  With native SSL any miners not wallet based could be locked out, and with certification only certified wallets could be mining, eliminating the possibility that one person distributes mining across a bunch of hardware.  I'm just brainstorming here but seems to me the possibilities are wide open with the features Dero has on the roadmap.

PPS.  With only certified wallets mining and certification through tax authorities, mining profits could be automatically taxed - see what I mean about being regulatory-friendly.  Obviously we are looking far ahead here, but the Dero team IS looking far ahead.  Short block times of a couple of seconds are also nicely compatible with hybrid PoS it seems to me, too.
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May 07, 2018, 12:50:08 PM
 #2912

In the long term all 100% proof of work coins are dead.

The question is what is the team's position on this.
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May 07, 2018, 03:03:30 PM
 #2913

In the long term all 100% proof of work coins are dead.

The question is what is the team's position on this.

Why you say that, can u provide an example of what could happen?

Thanks
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May 07, 2018, 03:30:02 PM
 #2914

In the long term all 100% proof of work coins are dead.

The question is what is the team's position on this.

Why you say that, can u provide an example of what could happen?

Thanks

As MagicSmoker said, PoW coins cannot be scaled up without enormous energy usage; there must be an alternative plan that hybridises PoW somehow.

You can see an example of this with Loki, a newer fork of Monero that implements inventivised service nodes.

https://loki.network/wp-content/uploads/2018/01/LokiWhitepaperV1-2.pdf

The Dero team is reluctant to implement anything off-chain as far as I know, which rules out a system such as Loki's.  But then I am curious as to the plan as to how Dero can be scaled up with everything they said is going to be implemented on-chain.
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May 07, 2018, 05:22:51 PM
 #2915

As MagicSmoker said, PoW coins cannot be scaled up without enormous energy usage; there must be an alternative plan that hybridises PoW somehow.

Energy usage is only high because of competition between miners. The whole network could be mined on a single laptop like Bitcoin did in 2008.
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May 07, 2018, 06:29:14 PM
 #2916

Was the atlantis update on Apr 20 the hard fork? Or are those two separate events? I have been gone a while and didn't realize Dero was going to fork.
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May 07, 2018, 07:08:35 PM
 #2917

Was the atlantis update on Apr 20 the hard fork? Or are those two separate events? I have been gone a while and didn't realize Dero was going to fork.

They're two different things - Atlantis will be launching very soon
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May 08, 2018, 12:13:24 AM
 #2918

FPGAs are coming to Cryptonight.

What then?

https://bitcointalk.org/index.php?topic=3459858.0
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May 08, 2018, 01:07:40 AM
 #2919

Atlantis....
It hasn't started yet....

Dero is 500TPS.
ETH or BTCP is 20~30TPS.

It is fast as natural aspiration car.
Non-turbo may be more stable.
Smart contracts is non-turbo, too.

interesting.
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May 08, 2018, 01:31:45 AM
 #2920


I'd also like to see the elimination of mining pools by incorporating 'virtual pooling' directly on the blockchain.  Seems to me like you could implement a system where solo miners mining directly from their wallet get rewards that are proportional to their hashrate with every new block.  See no reason why this can't be implemented (in combination with PoS, too).  With native SSL any miners not wallet based could be locked out, and with certification only certified wallets could be mining, eliminating the possibility that one person distributes mining across a bunch of hardware.  I'm just brainstorming here but seems to me the possibilities are wide open with the features Dero has on the roadmap.




This is a must, I've always thought that mining to the daemon directly is going to be healthier to the net than just adding more hashing power to pools.

I'm not aboard the taxation boat, could be managed over blockchain tho, and it will only work once many governments adopt cryptocurrencies as a running value. May take a few years from now.

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