DERO is led by a team of three developers, headed up by ‘The Captain’, who has over 10 years experience in Cryptography and Blockchain Development.
The team are intent on developing revolutionary blockchain technology and have already achieved a world’s first when they completely rewrote the CryptoNote protocol from scratch, in Golang earlier this year.
DERO is 50x faster than Bitcoin, immune to double spend attacks and will soon have smart contracts enabled as we move towards the end of Q4. This enforces their three pillars of speed, security and privacy.
As this review is more of an overview of all aspects of the project, I won’t delve too much into the specifics of the technology and why it’s so important, as that would be an entire review on it’s own.
However to summarise – the key features of this technology are that it incorporates traditional PoW consensus methodology over a DAG Blockchain, soon to have Smart Contracts implemented and the ability to massively scale. All the while remaining completely anonymous.
For a more informative and well thought explanation of the technical aspects of DERO refer to this article by Josh Byatt.
The goal this year for DERO was first to release Atlantis (their testnet), focus on any bugs in the code and then release the full product. Now they have achieved these milestones they are beginning to turn their attention towards marketing and recruiting some high profile Twitter marketers along the way.
It is evident they are keen to provide a high quality image for the coin to coincide with the underlying technology. The website is smart, clean and professional and they are creating high quality, polished videos such as this YouTube introduction to DERO video.
For smaller coins that aren’t able to bring in millions of dollars during an ICO, community always plays a key role in word of mouth advertising, guerilla marketing strategies and bounties used for language translations for white papers etc.
For this reason DERO created the Dero Community Advisory Board. This team was created employing highly skilled members of the community in order to help grow the project in all required aspects. DCAB boasts the following experience:
128+ years experience working in a professional capacity
56+ years business leadership experience
23+ years experience with crypto
1 PhD, 2 Masters Degrees, 1 MBA
Specialists in the fields of Distributed Systems, Networking, Consensus Algorithms, Marketing and Early-Stage Growth (to name but a few).
More information on DCAB can be found here.
– Although little is known about the DERO foundation it is believed that it could be related to ensuring that DERO is compliant with certain regulations that are required to work with businesses. It states on their site:
“The goal of the Dero project is a blockchain network that can serve businesses and individuals around the globe, allowing for secure, fast and anonymous transactions and smart contract execution.”
And again in the September monthly update:
“Dero foundation is in progress and will be incorporated in the light of new regulations. We expect Dero foundation to be incorporated within 2018”.
Finally, to further engage the growing community, the first official DERO meetup has been organised and will be held later this year in Germany – date and venue TBC.
The Dero team have successfully completed every major milestone of their roadmap on time this year which is always a huge achievement and signifies a cohesive team and project. Still to come in Q4 are Smart Contracts and the Dero Foundation. A detailed roadmap can be seen below: