There’s no shortage of problems with ETH, but the lack of privacy is the primary concern with Ethereum, along with its slew of competitors. They’re essentially systems for “dumb contracts,” not smart contracts.
Who wants to get subjected to financial voyeurism?
Censorship resistance requires privacy by default, especially for DAOs (Decentralized Autonomous Organizations).
Of course, Bitcoin SV claims to be able to do everything Ethereum does. In its original design at scale, Bitcoin SV aims to challenge Big Tech and reinvent the internet using the miners as the backend of apps and businesses.
The blockchain is a pseudonymous ledger that functions like an honesty machine.
However, this essentially makes Bitcoin and Ethereum transparent surveillance coins, and we don’t live in a world where privacy is unnecessary.
Thankfully, we have Monero (XMR) and Pirate Chain (ARRR) for private, fungible digital cash. These aim to be the best money in the world.
Yet, what if we had privacy built into a smart contract platform? I believe DERO is to Ethereum what Monero is to Bitcoin.
Imagine if all your data, balances, and transactions were always encrypted, forever.
Imagine if both parties involved in a transaction could verify and process everything without any requirement of seeing each other’s balances or decrypting each other’s data. No one but you, or anyone you authorize can see your balances. Welcome to DERO Homomorphic Encryption.
Launched in December 2017, DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and completely private transactions.
The mission statement of the DERO Foundation is to create a sound monetary framework that will globally safeguard the privacy of all its users and empower free markets to thrive while maintaining complete auditability.
DERO will be the first private blockchain to have smart contracts on its native chain without extra layers or secondary blockchains.
Private smart contracts and services have now launched on the testnet, with the mainnet launch coming very soon.
The DERO Foundation recently presented its groundbreaking software technology at The Crypto Vigilante Summit 2021: Battle of the Coins.
In addition to transferring value on the DERO network, you can send private messages, sell your products and services, and create and launch tokens, assets, and exchanges.
All of this is possible without any partnership or permission and includes the best privacy and 750 TPS on the base layer, with no special hardware required.
Enjoy DERO Foundation’s TCV Summit presentation:
Watch on: Odysee | Rumble | YouTube | DollarVigilante.tv
Since DERO allows applications to be built on it, some test cases have included a decentralized email exchange and a VPN. The DERO community even hosts the Decentralized Architecture Competition Series (dARCH), which rewards developers for building tools.
DERO is alien technology from the future. With this effort, we can now see the foundations of alternative governance and Lex Cryptographia.
We’re gonna make it.
All TCV Summit videos can be purchased here: https://tcvsummit.com
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