Dero opinions
Summary:
So far,1 of opinions have been recorded for Dero. These opinions are not investment recommendations but the community's perspective on Dero. Please do not make a purchase decision based on these Dero opinions.
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Dero opinion #1
At Dero (DERO) we have a candidate from the field of Privacy Coins. This project thus aims to make users and their transactions anonymous to outsiders. A further goal of the project is to achieve better performance and scalability than other comparable solutions like Monero or ZCash.
Even if the ambitions should be noble, I could not see any added value compared to the other Privacy Coins. The network itself should be better protected against external compromises (51% attack resistant etc.) To determine the consensus the PoW (Proof of Work) method with the hash algorithm CryptoNight is used. Monero also uses the CPU friendly algorithm,
However, I have to classify this coin as uninteresting, as I could not find any adaptation to the point where this coin could be effectively transformed into real goods or internet services. Besides, only a handful of exchanges are known, which allow an exchange possibility to other crypto currencies. The last negative aspect is the small volume of only $5 million in the whole crypto space.
Possibly the technical findings from this project will be incorporated into renowned Privacy Coin.