Dero Reaches Market Cap of $19.18 Million (DERO)

Dero (DERO) traded down 2.2% against the dollar during the one day period ending at 21:00 PM E.T. on September 18th. One Dero coin can now be bought for approximately $1.34 or 0.00002153 BTC on major exchanges. In the last week, Dero has traded 6.8% lower against the dollar. Dero has a total market capitalization of $19.18 million and approximately $6,559.75 worth of Dero was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 3.9% against the dollar and now trades at $62,228.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.8% higher against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 8.6% higher against the dollar and now trades at $338.90 or 0.00544612 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.70 or 0.00009163 BTC.
• Litecoin (LTC) traded 2.6% higher against the dollar and now trades at $65.10 or 0.00104622 BTC.
• Monero (XMR) traded 1.3% lower against the dollar and now trades at $170.89 or 0.00274620 BTC.
• Ethereum Classic (ETC) traded up 3.7% against the dollar and now trades at $18.52 or 0.00029757 BTC.
• Arweave (AR) traded 6.7% higher against the dollar and now trades at $19.36 or 0.00031105 BTC.
• Bitcoin SV (BSV) traded 3.6% higher against the dollar and now trades at $48.28 or 0.00077588 BTC.
• Nervos Network (CKB) traded up 6.4% against the dollar and now trades at $0.0182 or 0.00000029 BTC.

Dero Coin Profile

Dero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The official website for Dero is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed 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 U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView