1. What is Dero?

Introduction to Dero Cryptocurrency

Dero is a blockchain-based cryptocurrency primarily used for developing and promoting decentralised applications (dApps), with a strong emphasis on enhancing privacy and the functionality of smart contracts. Here are the main features of Dero:

1. Privacy and Security: Dero employs new blockchain technology written in Golang, focusing on enhancing privacy and smart contracts while maintaining transparency and security of the blockchain.

2. Decentralised Applications: The main goal of the Dero project is to provide a reliable platform for developing and promoting decentralised applications.

3. Technical Innovation: Dero creates a blockchain platform with enhanced reliability, privacy, and scalability by amalgamating some validated best technologies.

In summary, Dero is a cryptocurrency that prioritises privacy, security, and smart contracts, aiming to provide a robust foundation for decentralised applications.

2. Who founded Dero?

According to the information provided, the founders of the DERO project are not explicitly mentioned in the search results. However, based on DERO's official description and relevant introductions, DERO is an anonymous blockchain project based on CryptoNote, aimed at providing fast, secure, and anonymous transactions and smart contract execution, but it does not specifically mention the names of the founders.

3. Which venture capital invested in Dero?

According to the information and search results provided, the Dero project is a purely technical community-driven coin, with no specific mention of any venture capital investment. The Dero project was launched in December 2017 and is primarily a community-driven experimental blockchain project. Therefore, specific venture capital investment information cannot be provided.

4. How does Dero work?

Dero is a cryptocurrency that employs the proof-of-work mechanism CryptoNight of the peer-to-peer anonymous payment system CryptoNote. Here’s how Dero cryptocurrency operates:

1. Blockchain Technology: Dero operates on a blockchain, which is a distributed public ledger that records all transactions.

2. Anonymous Payments: Dero uses the CryptoNight algorithm of CryptoNote to enable peer-to-peer anonymous payments.

3. Currency Supply: The currency supply of Dero is fixed at 18.4 million, with mining rewards decreasing over time.

4. Mining Process: Units of Dero are created through a mining process, using computational power to solve complex mathematical problems to generate coins.

5. Transaction Records: All transaction records are maintained on the blockchain and secured using cryptographic techniques.

6. Digital Wallet: Dero is stored in a digital wallet, and users can conduct transactions using their keys.

In conclusion, Dero cryptocurrency enables secure and anonymous transactions through blockchain technology, anonymous payment systems, and cryptographic security.