Dero $DERO

DERO is a versatile, private, and decentralized platform designed to enable developers to launch robust and unstoppable applications. It offers complete control over assets with absolute privacy to its users. The primary aim of DERO is to establish a reliable monetary framework that globally safeguards user privacy while also promoting the growth of free markets with thorough auditability.

Stargate: A Core Feature of DERO

At the heart of DERO is Stargate, which is founded on the first homomorphic encryption blockchain protocol. To simplify, the activities of an account on the DERO network are only decrypted by its owner. This is accomplished using a unique homomorphic encryption scheme (DERO-HE) and the fundamental DERO Homomorphic Encryption Blockchain Protocol (DHEBP). All transactions in the network, including those to and from smart contracts, employ this encryption scheme.

Key Features of Stargate

The Stargate platform brings with it a suite of user-friendly features, which include:

Homomorphic Encryption Account Model

This feature enhances the security and privacy of transactions on the DERO network.

Human-readable Addresses (usernames)

User-friendly, readable addresses assist in simplifying transactions for users.

Efficient and Decentralized Proof-of-work Mining

Stargate supports an efficient decentralized proof-of-work mechanism for mining.

Instant Coin and Token Balance Syncing

Users can instantly sync their coin and token balances

Native Token Transfers via Wallet

Stargate supports transfers of native tokens directly through the wallet.

Support for Both Public and Private Token Smart Contracts

It also accommodates both public and private token smart contracts, offering users greater flexibility.

Web Socket Support for Connectivity with Decentralized Applications

It supports web socket connectivity, facilitating engagement with decentralized applications.

Transfer Settlement in ~18 Seconds (1 Block)

Stargate ensures rapid transfer settlement, typically taking around 18 seconds.

Blockchain Pruning (light nodes)

Blockchain pruning feature is available for light nodes.