Dero (DERO) Reaches One Day Trading Volume of $11,867.83

Dero (DERO) traded 5.4% lower against the US dollar during the 1-day period ending at 17:00 PM E.T. on August 5th. Dero has a market cap of $16.16 million and $11,867.83 worth of Dero was traded on exchanges in the last 24 hours. In the last seven days, Dero has traded down 14.7% against the US dollar. One Dero coin can now be purchased for $1.13 or 0.00002086 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 6.5% against the dollar and now trades at $54,140.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 10.2% against the dollar and now trades at $0.0942 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded 11.2% lower against the dollar and now trades at $306.07 or 0.00565660 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $5.69 or 0.00010508 BTC.
• Litecoin (LTC) traded 11.9% lower against the dollar and now trades at $55.85 or 0.00103219 BTC.
• Monero (XMR) traded 3.6% lower against the dollar and now trades at $146.03 or 0.00269885 BTC.
• Ethereum Classic (ETC) traded 8.3% lower against the dollar and now trades at $17.62 or 0.00032562 BTC.
• Arweave (AR) traded down 8.3% against the dollar and now trades at $19.64 or 0.00036294 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 12.1% lower against the dollar and now trades at $35.70 or 0.00065975 BTC.

Dero 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. 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 presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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