Dero (DERO) Hits Market Capitalization of $19.30 Million

Dero (DERO) traded down 0.3% against the dollar during the 1-day period ending at 14:00 PM E.T. on September 18th. One Dero coin can now be purchased for $1.35 or 0.00002208 BTC on popular cryptocurrency exchanges. Dero has a total market cap of $19.30 million and $6,912.86 worth of Dero was traded on exchanges in the last 24 hours. During the last week, Dero has traded 2.4% higher against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $61,057.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $314.58 or 0.00515217 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $5.85 or 0.00009579 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $64.11 or 0.00104999 BTC.
• Monero (XMR) traded 0% higher against the dollar and now trades at $172.56 or 0.00282619 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $17.99 or 0.00029462 BTC.
• Arweave (AR) traded 0% higher against the dollar and now trades at $18.79 or 0.00030778 BTC.
• Bitcoin SV (BSV) traded 2.3% lower against the dollar and now trades at $46.33 or 0.00075879 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website is dero.io. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here.

According to CryptoCompare, “Dero is a 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 refers to main blocks and side blocks. Side blocks contribute to chain proof-of-work security, making traditional 51% attacks impossible. In contrast to traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block. Therefore, blocks on Dero can contain duplicate or double-spend transactions, but these are filtered by the client protocol and ignored by the network.

Dero aims to manage combining the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology. Dero’s goal is a blockchain network that can serve businesses and individuals worldwide and support secure, fast, and anonymous transactions and smart contract execution.”

Dero Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView