Lately, I have had my head down, earning some dough, researching the next Tech Tsunami in 'CXL form', comin' our way, fast.
I took a break just the other day,
watched $ Viglante and fellow Canuck Berwick let it slip, adding DERO to his #ARRR and #MONERO privacy coin spin...
Hmmm,
I had a look at DERO via coingecko, got intrigued, did a deep dive, then the light bulb went off as my jaw hit the floor.
Wow.
In reading the DERO Docs I could not help but think of my early, circa 2014 command line struggles, trying to get LTC and BTC wallets up and running on an earlier MS Machine.
It was a nightmare then in 2014 even for the most technical, of which I consider myself one with 30+ years under my belt coding, designing software etc...
Fast forward to March 2022 and DERO's current SOTU.
I am not easily impressed in this crypto space, having researched and studied the "Under the hood" dynamics of many of the top cryptos the past 5 years, the last four publishing my thoughts openly right here on Publish0x.
While the double sided Debit/Credit accounting world of DEFI SC tech roared forth, frankly #DEFI 'under the hood' has been 'hamstrung' operating on #EVMs in any of the ERCxxxx forms on ETH, by high gas fees and non performant TPS, until #Solana & #Dot arrived to save Ethereum's collective community's ass and show them the way forward to the #Flippening. muh.
As a researcher & prototype builder, I for one missed the real innovation, contention in the early crypto years.
Until #DERO re-kindled my interest. Why?
Because the anonymous three #DERO original developers aimed high,
that is "fix everything that is wrong with Bitcoin"
AND, wait for it,
also make the new concoction, DERO a private coin.
As far as I can tell 'they' have pulled it off and then some.
Lets face it the team at $ vigilante, lover 'em or hate 'em are shrewd, sharp investors in crypto, having rode the 'bleeding edge' for years, so I give credit where credit is due, they sniffed the recent rise of DERO out, and for sure 'made some real hay' on the first pump....
Now what?
DERO has only just begun- Think 2010 in BTC timeline terms..,
Even though the DERO project launched in December of 2017, during the very first FOMO Crypto Spike, it's still VERY early DERO days.
Say what?
It took the small team at DERO four years to actually deliver their first real and well deserved Market Cap pump?
Yup.
Because when a developer team like DERO starts with a blank piece of paper driven by the hypothesis "Bitcoin is shite and here is why and, here's how we are going to fix it",
as a team, you all collectively better have the gnads, stamina, vision and brainpower to deliver the hypothesised step change solution,
otherwise, "the men with the white jackets" will come to take you away as certified, aka labelled 'un-hire-able', 'fringer' or in the worst case 'blacklisted' from main stream employment opportunities.
Given the FOMO spike of Crypto 1.0 in December of 2017, at the time we all didn't know we were really heading into the last days of Crypto 1.0 scheduled for 2022.
We are here now in the Crypto 1.0 'end of days', and I will be as bold to say, after a week of intensive research on DERO, Crypto 2.0 has begun.
The Making of Crypto 2.0- DERO shows us all the way...
Rather than regurgitate DERO's now vast, highly technical and pertinent advances posted on their website, Let's do a little exercise.
Let's throw a really hard use case at DERO.
How about: Fix the election fraud of 2020 and the Voting System in general so such theft of power never happens again?
Does DERO have what it takes?
Read on...
A Turing Complete EVM which runs EVM-BASIC?
All of us as programmers have likely dabbled in some form of the #BASIC programming language over our careers long or short.
But BASIC for Smart Contracts? Really?
What used to be MS controlled GW-BASIC was open sourced on the 8088 May of 2020, free for anybody to see how GW-BASIC really worked.
So ask yourself is it coincidence DERO chose BASIC as their Smart Contract language? I think not.
Fashioned in DERO's own form DVM-Basic could be a real playing field 'inclusion of anyone' change for crypto SC programming.
95% of the Developers on the planet can write Basic programs in some shape or form.
Shrewd move DERO, tapping into knowledge that already exists, where the learning curve for EVM-BASIC is both short and gentle (not steep).
Ok the EVM is not quite ready for prime time, and is not yet available on the DERO test network, however we can all likely expect DERO to deliver this seminal tool for crypto SCs running on an EVM that is actually TPS performant.
Meaning in theory, Every different style of voting, per county, state and federally can be supported with EVM-BASIC and, you don't need a bunch of Piled Higher and Deeper (PhDs) types to get it done for a reasonable cost as a Smart Contract coupled with biometric support.
Privacy, Privacy, Privacy = DERO, as 100% transparent audits are supported from a voting perspective,
While still protecting the identify of the voter. In a word, NICE.
So yeah DERO is up to the super hard use case of voting, as DERO also states they are matching said capability with biometrics.
Gnads, Gnads, Gnads, Stamina, Vision and some really BIG Cryptography and DAG/Blockchain Brains!
Mining my own business the DERO way, PoW all the way.
Ok I could go on and on. Yeah the mining model of DERO is awesome, so go read up on that too (Energy efficient? yes) . I can use any manner of hardware to mine and get a reward every time.. based on the compute effort provided, pro rata, every 18 seconds. So dust off that old hardware, add an SSD and some ram, and format the SSD media correctly (yes that is a performance hint, RTFM) and start making some dribble value every 18 seconds with DERO., DERO uses PoW mining Algos fashioned not out of the crypto , but out the compression world with Mathematical proofs in place...
"
Explaining AstroBWT
AstroBWT is not a product of the current cryptosphere approach. It has roots in Information Theory and the Compression Domains.
- AstroBWT is based on mathematical proofs and research, unlike many other CPU mining ALGOs.
- All current mining algorithms are static. To explain more simply, all current cryptocurrency mining algorithms follow data dependent branches, loops or conditions. Dero also built out a RandomX implementation in Golang that has been discarded for use but open sourced to the public RandomX in Golang.
- AstroBWT, as the name implies, has BWT at it's core. BWT has been in research for the last 3 decades and numerous optimization attempts of GPU/FPGA have taken place. For more information on that topic, please refer to literature in the Information Theory and Compression Domains. However, all known implementations to this date, could not deliver an improvement even twice that of CPUs.
- All major providers (such as INTEL, NVIDIA etc) have already provided optimized implementations of BWT. Since, BWT has been used quite often in the general information theory and compression domains, it has been a subject of intensive studies. https://software.intel.com/en-us/ipp-dev-reference-burrows-wheeler-transform
- In the coming months or years that AstroBWT is optimized or shown to have a significant performance boost on FPGAs, ASICs, or GPUs there would be a benefit for everyone. Such an advancement could even trigger the next revolution in Bioinformatics, Signal Processing, DNA Sequencing or other numerous domains where BWT is used. So, AstroBWT will not only serve as an ASIC/FPGA and GPU resisitant algorithm but it will aslo succeed in helping scientific research if it is optimized for these things. "
My suggestion seriously when it comes to DERO?
Do your own homework on DERO first, then expect to reap the big rewards early on from DERO for doing so. :)
Personally I have done my own exhaustive homework and I am full onboard the Crypto 2.0 train powered by DERO.
I can't believe though, as programmer/developer/architect I have come full circle and am back to BASIC!!!
If you are relatively new to crypto and thinking you missed the boat, don't. You too can go from Zero to Hero with Dero. ;)
TK over and out.
