Dero Tops 24 Hour Trading Volume of $23,504.26 (DERO)

Dero (DERO) traded up 4.7% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on January 1st. One Dero coin can currently be bought for $0.74 or 0.00000795 BTC on exchanges. Over the last seven days, Dero has traded down 14.4% against the US dollar. Dero has a market cap of $10.66 million and approximately $23,504.26 worth of Dero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $93,597.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.32 or 0.00000339 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $437.11 or 0.00467014 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $9.02 or 0.00009638 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $104.21 or 0.00111340 BTC.
• Ethereum Classic (ETC) traded 1.8% lower against the dollar and now trades at $25.03 or 0.00026738 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $192.34 or 0.00205496 BTC.
• Arweave (AR) traded up 3.3% against the dollar and now trades at $16.83 or 0.00017977 BTC.
• IOTA (MIOTA) traded up 4.3% against the dollar and now trades at $0.29 or 0.00000315 BTC.
• Bitcoin SV (BSV) traded 1.7% lower against the dollar and now trades at $50.46 or 0.00053912 BTC.

Dero Profile

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

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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView