Dero

Halal Rating :
Comfortable
Last Price $2.81 Last updated:
Rank 674
1D Change -0.29 %
Market Cap $40.24m
Circulating supply 14,312,916
Maximum supply 21,000,000

Crypto Overview

Categories
  • Mineable
  • Privacy
  • Smart Contracts

DERO is a general purpose, private and decentralized application platform that allows developers to deploy powerful and unstoppable applications where users retain total control over their assets with complete privacy. It is our goal to create a sound monetary framework that will globally safeguard the privacy of all users and empower free markets to thrive with complete auditability. Stargate is built upon the first homomorphic encryption blockchain protocol. Simply put, account activity on the DERO network is never decrypted by anyone other than its owner using a homomorphic encryption scheme for all transactions on the network, including transactions to and from smart contracts. This is achieved using a new and unique homomorphic encryption scheme (DERO-HE) and the underlying DERO Homomorphic Encryption Blockchain Protocol (DHEBP). Stargate also comes with some convenient features including: - Homomorphic encryption account model - Human-readable addresses (usernames) - Efficient and decentralized proof-of-work mining - Instant coin and token balance syncing - Native token transfers via wallet - Support for both public and private token smart contracts - Web socket support for connectivity with decentralized applications - Transfer settlement in ~18 seconds (1 block) - Blockchain pruning (light nodes) - Fixed supply with halving

Crypto Impact

To assign a comfort level investing in Dero from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Dero.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating