Oddbean new post about | logout
 Maybe Dero?  https://dero.io/
Dero is the first crypto project to combine a proof-of-work blockchain with a DAG block structure and wholly anonymous transactions. It aims to be a revolutionary improvement from existing privacy coins like Monero (XMR) or Z-Cash (ZEC).Dero intends to do that by combining the best of both consensus mechanisms.. Its implementation builds out a main chain from the DAG network of blocks, which ...
(  https://coinmarketcap.com/currencies/dero/ ) 
 The problem with DERO is that it has already been proven that its encryption can be broken, and it's been a while since someone proved that it's not secure, which made me realize it's not a good solution after all. 
 Dero has been broken for awhile. It uses ElGamal instead of Pedersen commitments so is not "perfectly hiding" amounts like Monero. They also make false claims about having Fully Homomorphic Encryption when they are only Partial. I would be very wary. I'm biased obviously, but these are just facts.

Deanonymization of the Dero Network:
https://gist.github.com/kayabaNerve/b754e9ed9fa4cc2c607f38a83aa3df2a
https://gist.github.com/kayabaNerve/d1b20f48f0d54f8d1beccf74de13e940#deros-privacy

https://image.nostr.build/6c158bba95a3a6cd5d5edd85060af08232e94a8fab78055985320e15ed6a1071.jpg
 https://image.nostr.build/efc6aadd0a4cc144bed05b9d3e340d572baae049a567bfdf4138c147ae71d277.jpg
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