We are pleased to announce our next AMA on March 2nd, 2021 at 04:30 PM UTC Time: Satoshi Club x Dero Project
⚠️Click to see the hour
⚠️Total Reward pool: 250 DERO
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Dero Project Telegram group
We will have the following structure:
Part 1: 40 DERO /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 40 DERO/10 users – Open chat for 120 seconds. You can post Max 3 questions. Dero Project Team will select 10 questions and answer them.
Part 3: 170 DERO – A quiz about Dero Project
For more details:
Dero Project – @DeroProjectGroup
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Does DERO solve high fees issue at high scale usage (as we can see on Ethereum network) and how can we ensure this ?
1) how will dero team swap coins from old chain to new chain in the future?
What does the team see as the primary use case for DERO-HE Stargate?
What does the DERO name stand for/mean ? I heard it is related to a military term of someone coming back from duty.. I am curious about the meaning behind the name.
As far as my understanding goes, DERO is : a HE payment system, a Smart Contract (SC) Platform with its DVM & a private/hidden service network.
How can you make sure that running computation directly on chain won’t eventually make the blockDAG so slow, heavy & expensive in order to preserve the viability of this private service ecosystem ?
We need very low fees to compete against actors in this field (ie TOR)
There seems to be a new word in town… After DeFi comes PriFi (Private Finance). The term was coined recently.
Many DeFi/PriFi projects may require a airdrop to some/many token holders for several reasons. Will this be possible on DERO ?
I know that there is a requirement to register your account with both, the DERO NW & the particular SC. Could it be possible, after registration, to send airdrops to registered address while enjoying HE to prevent anyone from knowing who received what ?
How will DERO attract or incentivize developers to build on their blockchain with so much attention on the big players like ETH
1) How does DERO plan to mitigate network congestion and the subsequent ridiculously high gas fees plaguing ETH and 2) is there plan to build out support for NFT marketplaces? With the booming NFT market, I feel like NFT support is integral for a new technology to not only penetrate the market but also to gain substantial market share, especially with a superior technology
Dero When will large-scale marketing start as a possible disruptive project
Short time ago $DERO added a feature of its private service model on its blockchain, supporting building of market-place, sound voting-systems, identity verification systems and crypto-exchanges within the DERO eco-system, which is received by the TX REPLY feature, all this allows users to create a global interconnected network of private services on DERO network, do you think this will have an enormous impact on the further development of DERO?, will the commitment of this feature be reliant on the commitment of the community as well?
$DERO tokens have the advantage of being transferred to other wallets without compromising the works of smart contracts, which is similar to Homomorphic Encryption with DERO as well, why are you ruling out issuing smart contracts through $DERO tokens, what made you choose to go down that unusual way? Is it far better than other tokens’ use cases?
Decentralized Computing is a substantial topic that’s hard to take in, DERO enables its ecosystem to work through Homomorphic Encryption, but how does it work exactly, what’s the technology behind its performances, and how much SC transparency does it provide?
DERO is a pioneer in combining the advantages of Proof-of-Work blockchains with the benefits of a DAG block structure, what opportunities have they achieved by having a unique platform and how does DERO handle the anonymity of transactions?
The weakness of platforms like DERO are Hashrate attacks, how fast is your ledger processing and how do you avoid the negative effects of this type of attack?
native chains often use additional layers or secondary blockchains. What solution has DERO taken to make its smart contracts independent and how does this benefit CryptoNote?
The implementation of Bulletproofs is something very striking, how is the reaction of this implementation when it is combined with the cryptonote protocol within the DERO ecosystem and what function does this development fulfill within your platform?
I was reading on your website about the modifications that DERO made during the course of 2020 and there are several milestones, how did you manage to switch to a new mining algorithm in full swing of the pandemic and what benefits has this new algorithm generated so far for DERO ?
DERO’s smart contracts seem to be designed for a network of majority businesses, what about minority businesses and companies or individuals in full development? Are your services designed to satisfy both businesses?
Your Dero Rocket Bulletproofs are too fast compared to the competition, why does the Dero Rocket Bulletproofs only take ~ 1.5 ms to perform a verification versus the typical Bulletproof take ~ 15 ms?
DERO performs very rare cryptographic tests called “Bullet Tests”. What are these cryptographic tests about and how does this benefit the operation of DERO’s services?
I have seen that in anonymous DERO transactions the exact amounts are hidden, but the network still has to make sure that the transaction is valid.How does the DERO platform ensure that the transactions are valid and no coins are generated out of nowhere?
Dero is a really big project and very developed so far, but I am interested in knowing a little more about the team behind the project. Is the Dero team trained and experienced in the different financial and marketing fields?
I have read on your website that Dero uses “Bulletproofs” technology, can you tell us a bit about this technology? What are its uses? What does it contribute to the project? And why did they decide to implement it in your project?
What benefits does the DAG blockchain structure bring? What’s so special about it that other blockchains don’t?
I read on DERO.io that Dero engineers achieved the milestone of increasing performance by a factor of ten, What effect did this have on the amount of cheating and scams towards your securities commitments in anonymous transactions and what benefits did DERO obtain in relation to this?
There is a calculation tool within the DERO platform that catches my attention. What is DERO ATLANTIS all about and what role does this tool play within your financial ecosystem?
I don’t know much about asymmetric protection systems, and reading I realized that DERO uses this system. What benefits does this type of security system bring in relation to secret keys and user access to their assets?
If I understand correctly, DERO has endless emission. Why was it done and at what rate is the total supply increasing? Are there deflationary instruments?
I understand that DERO is the first to “combine a Proof of Work blockchain with a DAG block structure”, but really why couldn’t other projects combine it earlier? Did they generate any problems or were they not compatible?
I understand that Dero combines PoW with a DAG block structure, but couldn’t it be compatible with PoS? or only privacy can be obtained with the given combination?
In the world of blockchain privacy there is an established giant called the ZK-Rollup, BUT will it be their direct competition and can that privacy be implemented in other chains? or really ZK is the same as Proof of work with a DAG block structure?
What features does CryptoNote really provide to DERO? to the point that Dero preferred to be the first blockchain of hers to have smart contracts? could you talk to us about it?
Since 2018 DERO has been migrating to other mining chains and algorithms to the point of obtaining a block time of 27 seconds, is this really the minimum time that DERO can reach? Or with future associations could they be reduced even more?
You mention that DERO Project is only 51% immune to hashrate attacks, really why so little% security? What characteristics would you require to increase your immunity to hashrate?
If other projects created in recognized chains took time to achieve reliable smart contracts, how to trust a project that was created in a totally new chain that is still being developed? have you already audited at least your private contracts?
In the ETH blockchain users can see their transactions in etherscan, even if they are private, but really where can users see their transactions with DERO? Will they have a private “Deroscan”?
The fact that DERO networks do not need any extra layers or secondary blockchains for the full functioning of contracts is of course good. Tell us about the commission on the network and some technical information about how and by whom the operability of the DERO network is maintained. And how are you doing with the scalability of the blockchain.
You claim that 51% attacks are not possible on the DERO network. Tell us how you mitigated this threat and how much network bandwidth. Do you conduct spam resistance tests on your network?
Okay, DHEBP has many technical consents under its homomorphic blockchain which you say that DERO is unique because it values security and privacy above all else but when entering exchanges like Kukoin that are centralized, they have even been victims of hacks, how does the company act? DERO system inside a Cex to offer that unmatched and unique anonymity?
You offer mining and maybe some kind of open code to create applications under your network, what are the parameters to enter this infrastructure and because it is only mineable with CPU, we cannot use GPU or another type of device to mine because of reason, scalability, code or some unique programming language?
What kind of Wallet does DERO use to offer a unique eh unmatched security that is special and cannot even be tracked under a hash in any way since its legacy is security and privacy?
On their website they explain that DERO will be safe against most hashrate attacks. And that exactly is 51% immune to hashrate attacks. So, how DERO has managed to have this protection against hashrate attacks? If they are immune to half the attacks, why not reach a total protection of 75-100%? Do you think about improving this security system?
With regard to blockchains there is too much competition and some more convenient than others, the most advanced blockchains in recent months are BTC, ETH and their smart contracts, and RIPPLE. So what are the main differences between the “DERO” chain and these most used chains? Really DERO with so much competition has managed to be the fastest anonymous blockchain in the world? How have you achieved this?
What are our total benefits that DERO brings by combining a Proof of Work blockchain with a DAG block structure and fully anonymous transactions? And why don’t DERO smart contracts need additional layers or secondary blockchains?
The project was launched in 2017 and during this time you managed to completely rewrite the protocol several times and for some reason increased the transaction execution time. I am especially interested in the speed of transactions, since the increase in time seems to be a movement backward in development. Explain to us what the essence of such changes is.
You say that DERO will be the first CryptoNote blockchain with smart contracts. The project has existed for several years and I would like to ask: “How successes in this not simple matter?” Are there working Daps on the DERO blockchain and if so, which applications prevail?
Is it possible to mine DERO now? Tell me where to find your software for mining and what hardware it is better to do it. Possibly there are pools and can you tell me how to find them?
I saw that $ DERO is available for exchange in KuCoin and Tradeogre, I would like to know your position about the vulnerabilities of these exchanges, for example recently Kucoin was attacked and some assets stolen, was DERO harmed in this? What other exchanges do you plan to list your token on in the future?
This project has been on the map since 2017, it has been a long process of improvements and it will soon be bringing to light the Full Homomorphic Encrypted Smart Contracts (FHE-SC) on Mainnet, how do you plan to maintain the scalability of this project? What are your next ambitions?
One of the most fascinating things about Dero are all the security measures they have implemented to make this blockchain, according to you, extremely secure, these measures are: Dero Rocket Bulletproofs, 51% Hashrate Attack Immune, Fully Encrypted Blockchain and Tls-Secured P2P Network…. I would be very grateful if you could tell us a little about each of these shields you have created and contrast them with a popular blockchain, let’s say Ethereum, so that we can clearly see the solidity of Dero.
One of the big limitations or problems of proof-of-work consensuses is the high energy demand. How do you solve this problem? How much energy does Dero consume per block?
According to your website that DERO project has been developed from scratch in Golang and is being actively developed by original developers. Can you tell us what is Golang? Since it is from scratch,what makes you motivate that this project will have hope and future? What kind of challenges did you face during the development of the project? How many original developers that were involved in helping develop Dero project? Lastly, how many months or years did it took to see develop this project and finalize it and launch into the market? Thank you
DERO Tokens can be transferred to other wallets just like native DERO with Homomorphic Encryption and without involvement of issuing Smart Contracts. Can you explain more about what is Homomorphic Encryption? What is the use of this feature? How it can be essential and important to any transaction made in Dero network? Can you tell us the benefits that it brings to users of Dero? Thank you
In one of your twitter post,I see that there is someone commenting it saying that “after Years I log in to my web Dero wallet and nothing there…
Is there any problem?
how we can get back our Dero?
I Mine them…”
I know,it is just one person who commented it and maybe experiencing it but generally how will Dero solve this kind of issue or problem that user’s been experiencing? What maybe the possible reason for issue like this? Is it possible for an assets in Dero that will be lost while mining? What if assets in Dero web wallet is really lost, is there any possibility that it can be taken back? For users, what actions needed to do? For new users awareness, how will you assure that funds in Dero is safe? Thank you
$Dero’s supply is 18.4 million for first 8 years, followed by an infinite emission rate of 157,000 DERO/year. Why did the developers decided to have an Infinite supply of Dero? Ethereum are contantly criticize because of ETH’s “Infinite” supply unlike Bitcoin. Are you open on ammending it and fixed Dero’s maximimum supply?
Dero project is in the crypto industry for 3 years, what projects or companies are using the Dero Blockchain today? Do the Dero smart contract feature already been deployed? Can you give us an update about this.
Dero Blockchain is using PoW mechanism and for sure your equipments will consume electricity. How much energy needed to mine a block? How does it compares to Bitcoin’s energy consumption?
I’ve heard that Unencrypted communication via HTTP posses a risk for privacy, security and integrity of the network participants and Dero is the first blockchain project to use TLS encryption for its network communication. So how Dero’s TLS Encryption protects the network participants from eavesdropping and tampering of network data? Also what else does DERO aiming to solve within Crypto Space?
Last year, you introduced “Burrows-Wheeler Transform (BWT)” as your new proof-of-work mining algorithm that aims to reduce the performance advantage of GPU, ASIC, and FPGA hardware to allow for competitive CPU mining. So what are the main points of AstroBWT and how it gonna be able to reduce the performance advantage of specialized hardware and fairly distribute mining rewards? Also what’s the process on how to mine DERO and what mining pools does DERO mining supported?
About the DERO JOURNEY, your project was launched in December 2017 comprising a team of three full-time Developers. So can you share with us here in Satoshi Club about your wonderful team and the Milestones your team achieved so far? Also how about the obstacles/challenges, looking back at the past, what bad experiences your team encountered during the development of DERO and how have you overcome it to become more successful?
The $DERO team already announced public testing of Stargate RC2, a private decentralized application platform. What issues are you trying to solved with Stargate RC2? Can you explain what is main use from Stargate RC2?
Dero project is an industry leader with many totally new development in a blockchain ecosystem for example fully anonymous transactions based on Homomorphic Encryption. Could you introduce to us what is Homomorphic Encryption and how does it work?
I read from Dero Twitter that Dero have pool mine with 0% fees and that pool name is $DERO community operates pool. How is your pool mine system work that possible to 0% fees, and how about the reward? Can you please explain how did you maintain this pool with 0 fees?
How do u guys envision the foundation would work after mainnet release?
The popularity of the network largely depends on the application developers and further popularization. Say you Polkadot has launched a grant for developers, BSC helps applications develop on its network. Please tell me, will you pursue a similar development policy or do you have your own way? DeFi, NFT, Games what will be the priority?
Partnership is very important in the journey of every project, can you enlightening up on the recent partnerships you have made and how it has helped contribute to the development and growth of your project?
to against the attack 51%, the attacker need 61% to change blockchain. How do you explane?