Dero is the first cryptocurrency project to combine a proof-of-work blockchain with a DAG block structure and fully anonymous transactions. The fully distributed ledger processes transactions with an average block time of twelve seconds and is secure against 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 operating 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 identities involved in smart contracts. DVM will support Solidity and Golang languages. DVM is under development with several other features and optimizations planned.
DERO originally started as a code fork of Monero (itself a fork of Bytecoin). Utilizing the CryptoNote protocol, DERO aims to become a brand-new blockchain technology that integrates privacy-friendly cold weapon protocol functions and new smart contract control functions. Cryptonote core is undergoing a golang update. 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 best of Monero, Ethereum, Nano and even Beam (in the form of selective auditing) and is building a project.
This reminds me of Chainlink, it doesn't do too much marketing, but pays more attention to the technology itself. Once the behind-the-scenes work is revealed, the price trend will show a sustained rally that will make the rest of the top 100 coins the envy.
The main issue I'd like to see Dero's team tackle is legalization. Monero is widely regarded as a poster child for "money laundering", which is neither conducive to mass global adoption nor to government acceptance.
But for businesses that need private smart contract solutions, Dero still has a huge opportunity to cement its #1 position.
We have no reason to assume that encrypted privacy is used only for nefarious purposes, any more than we would wildly assume that our neighbors closed their doors to commit crimes behind their backs.
Additionally, other legitimate needs for privacy such as voting services, escrow services, address authentication/verification, etc. are just a few of the legitimate purposes these private smart contracts serve, and there are still many more to build.
If Dero can effectively brand themselves (or even rebrand as the rumors suggest), they can take the world's unfounded fears of cryptocurrency to rest and take their own destiny into their own hands.
With the technology, vision, and advancements Dero has demonstrated so far, they have earned their place in the future of the big cryptocurrency world, and if they survive, their rise will be eye-catching.

Technical Overview

1. Based on the CryptoNote privacy protocol, DERO uses the CryptoNote privacy protocol, which means that DERO transactions cannot pass through the blockchain to reveal who sent or received the currency. Dero leverages all aspects of the CryptoNote protocol's privacy features in its new blockchain technology to protect the identities of all parties involved in a transaction.
2. Using DAG and pow algorithms, it avoids both soft forks and 51% double-spend attacks.
3. Adopt smart contracts: Smart contracts are digital self-executing contracts that can execute the terms formulated by all participants in the contract. The goal of smart contracts is to significantly increase contract security while reducing the costs associated with traditional contracts.
4. Using Bulletproofs, DERO will reduce transaction costs very low, which is very beneficial to users.
5. Adopt atomic swap: Atomic swap can make the exchange between cryptocurrencies possible without the need for a trusted third party. To prevent one party from being unable to send currency, atomic swaps use a feature called hashed time-locked contacts (HTLC) to enable a trustless transaction system.
6. Voting: By using blockchain technology, any group or organization can create a secure and transparent voting system while maintaining complete anonymity among voters.
7. Blockchain Escrow Services: Escrow services can leverage Dero's blockchain technology to use it as a trusted third party. In this case, the financial instrument or asset is recorded on the blockchain and retained until proper instruction or fulfillment of contractual obligations.
DERO has achieved many innovations in technology, such as being the first to adopt smart contracts among anonymous coins, which improves its security.
The use of DAG and pow avoids both soft forks and 51% attacks. In the main block of the DAG network in the DERO main network, the DERO block network gives miners 100% rewards, and side blocks give 8 % reward, which solves the natural fork problem caused by the extremely fast block generation speed of 12 seconds, so there is no soft fork and no orphan blocks in DERO. At the same time, if the DERO network finds more blocks at the same height, DERO will include all blocks instead of selecting one, so the hash rate attack is futile.
Another innovation is that in the DERO transaction, not only the transaction address is anonymous, but also the address of the smart contract is also anonymous.

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