Dero Hits Market Cap of $17.81 Million (DERO)

Dero (DERO) traded 7.8% higher against the dollar during the 24-hour period ending at 22:00 PM Eastern on September 10th. One Dero coin can now be bought for $1.24 or 0.00002178 BTC on popular exchanges. Dero has a total market cap of $17.81 million and $6,378.32 worth of Dero was traded on exchanges in the last 24 hours. During the last week, Dero has traded 6.4% higher against the dollar.

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

• Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $57,147.60 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.10 or 0.00000179 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $325.64 or 0.00569830 BTC.
• UNUS SED LEO (LEO) traded 5.2% higher against the dollar and now trades at $5.72 or 0.00010008 BTC.
• Litecoin (LTC) traded up 0.6% against the dollar and now trades at $61.07 or 0.00106862 BTC.
• Monero (XMR) traded 2% lower against the dollar and now trades at $167.78 or 0.00293589 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $18.41 or 0.00032214 BTC.
• Arweave (AR) traded down 5.5% against the dollar and now trades at $19.50 or 0.00034115 BTC.
• Bitcoin SV (BSV) traded up 7.6% against the dollar and now trades at $49.60 or 0.00086801 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. It launched on 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. 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 possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView