Thread by @HanzoYasunaga

Now let’s speak about the king of #privacy

$dero
is a general purpose, private, and scalable decentralized application platform that allows developers to deploy powerful and unstoppable applications, while users retain total control over their assets with complete privacy.

Homomorphic Encryption Blockchain - the only privacy project using this technology. Actually it has been said by the greatest minds even @VitalikButerin that it’s not possible to do this type of encryption. Well, it is!

So what really is Homomorphic encryption??
is an encryption technology that provides the ability to perform various operations on data in an encrypted state without compromising its confidentiality. Its concern is the security of data processing.

That is, others can process the encrypted data, but the process does not reveal any of the original content. Also, the user who has the Key decrypts the processed data and gets the result of the processing precisely.

So basically- Account balances and data are never decrypted by the blockchain. Only account owners can decrypt and access their data. Welcome to a new data privacy paradigm.

Dero its achieving true privacy on chain - While a typical blockchain stores all information on chain in clear text and use a UTXO model, DERO uses a unique encrypted blockchain with an account based model
Not only does this create a secure and private network…

it also gives users the ability to check their balance without syncing the entire chain. Wallets only need to query the most recent block in order to obtain their balance information all while being homomorphically encrypted.

Dero it’s becoming the new privacy standard, it’s definitely a masterpiece and if you read this thread you are very lucky as you about to witness privacy Revolutionx