DERO Project Overview: Privacy, Security, and Smart Contracts
DERO is a cryptocurrency project focused on privacy and security, also serving as a smart contract platform. Its core objective is to be the first cryptocurrency to combine a Proof-of-Work (PoW) consensus mechanism, a Directed Acyclic Graph (DAG) block structure, and fully anonymous transactions. DERO aims to build a network that provides secure, fast, and anonymous transactions and smart contract execution for businesses and individuals worldwide.
In terms of privacy technology, DERO employs homomorphic encryption blockchain protocols (DERO-HE and DHEBP), ensuring that all account activities on the DERO network remain encrypted and can only be decrypted by the owner. Additionally, it leverages CryptoNote technology to provide an extra layer of anonymity for transactions, making them untraceable and unlinkable.
Another major highlight of DERO is its ability to implement smart contracts directly on its native chain, without relying on additional layers or auxiliary blockchains. The platform supports public and private token smart contracts, as well as native token transfers and decentralized applications that support network sockets. The DERO project was built from scratch by the original developers using Golang, initially launched in 2018 as a fork of the Bytecoin blockchain.
DERO Mining Mechanism and Features
DERO uses an open-source Proof-of-Work consensus mechanism called AstroBWT. This algorithm is designed based on the "one CPU, one vote" principle, aiming to significantly reduce the performance advantage of specialized mining hardware (such as ASICs), thereby promoting a fairer distribution of mining rewards and enhancing network decentralization.
DERO's developers strongly recommend that miners engage in solo mining directly on their own nodes. They believe this approach is the preferred method for achieving network decentralization, protecting privacy and security, and miners do not need to pay pool fees. DERO's Σ-blocks (or MiniBlock) structure means that even miners with relatively small hash power can receive regular rewards, and the entire network functions somewhat like a large mining pool, with rewards distributed proportionally to hash power contributions.
For users wishing to participate in DERO mining, there are two main methods:
- Solo Mining: Run the DERO daemon and miner program to mine blocks directly to your own node. This is the officially recommended method, beneficial for network privacy and security.
- Pool Mining: Join a mining pool. Mining pools distribute rewards based on miners' hash power contributions, providing more stable income for miners with smaller individual hash power.
Common mining software includes the official DERO miner program and XMRig miner (suitable for the AstroBWT algorithm). Due to the characteristics of the AstroBWT algorithm, the CPUs of ordinary personal computers can effectively participate in DERO mining.
DERO Market Performance and Trading Status
As of October 6, 2026, the price of DERO is approximately $0.0084. Its 24-hour trading volume is about $1.42K, and its market capitalization is approximately $913,885. DERO's all-time high price reached $27.29 (October 9, 2021), while its all-time low price was $0.00757874 (August 15, 2026). The circulating supply of the token is approximately 12.67 million DERO, with a maximum supply of 21 million DERO.
Given that DERO's current 24-hour trading volume is only in the hundreds of dollars, the token's trading market is almost exhausted, lacking effective transactions. Investors must fully understand its high risk and verify market liquidity before considering any trades.
