Cryptocurrency Q&A
What Blockchain is Dero on?
What Blockchain is Dero on?
Riccardo
Sat Aug 17 2024
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6 answers
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Could you please clarify for me which blockchain technology Dero is built upon? I'm curious to know if it's a fork of an existing blockchain or if it's a completely unique and innovative blockchain platform. Understanding the underlying technology of Dero's blockchain would help me better assess its potential for growth and adoption in the cryptocurrency space.
6 answers
Dario
Mon Aug 19 2024
As a top cryptocurrency exchange, BTCC offers a range of services to cater to the diverse needs of its users. These services include spot trading, futures trading, and cryptocurrency wallet solutions. With its robust infrastructure and secure platform, BTCC has established itself as a trusted and reliable partner in the cryptocurrency space.
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KimonoSerenity
Mon Aug 19 2024
The current DERO blockchain operates on the CryptoNote protocol, which has served as a solid foundation for the project. However, with the ever-evolving landscape of blockchain technology, DERO recognizes the need to adapt and innovate.
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RubyGlider
Mon Aug 19 2024
To achieve this, DERO will migrate from the CryptoNote protocol to its proprietary DERO Homomorphic Encryption Blockchain Protocol (DHEBP). This new protocol is designed to address the limitations of the existing system and introduce advanced features to the DERO ecosystem.
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DaeguDivaDanceQueen
Mon Aug 19 2024
DHEBP incorporates homomorphic encryption, a cryptographic technique that allows computations to be performed on encrypted data without the need to decrypt it first. This feature enables secure and efficient data processing within the DERO blockchain, ensuring the privacy and security of users' transactions.
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Riccardo
Mon Aug 19 2024
The migration to DHEBP will also improve the scalability of the DERO network. With increased transaction throughput and reduced latency, DERO will be able to handle a larger volume of transactions, making it more suitable for real-world applications and adoption.
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