Dero Achieves Market Capitalization of $18.38 Million (DERO)

Dero (DERO) traded up 0.2% against the U.S. dollar during the 24 hour period ending at 16:00 PM Eastern on September 16th. One Dero coin can currently be purchased for about $1.28 or 0.00002215 BTC on popular exchanges. Dero has a market capitalization of $18.38 million and $5,835.34 worth of Dero was traded on exchanges in the last day. In the last seven days, Dero has traded up 12.7% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 3.4% against the dollar and now trades at $57,977.90 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.6% lower against the dollar and now trades at $0.0992 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded 2.4% lower against the dollar and now trades at $311.96 or 0.00538062 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.73 or 0.00009890 BTC.
• Litecoin (LTC) traded down 2.8% against the dollar and now trades at $62.48 or 0.00107764 BTC.
• Monero (XMR) traded up 0% against the dollar and now trades at $170.52 or 0.00294109 BTC.
• Ethereum Classic (ETC) traded down 2.2% against the dollar and now trades at $17.68 or 0.00030500 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $18.78 or 0.00032397 BTC.
• Bitcoin SV (BSV) traded 3.2% lower against the dollar and now trades at $46.02 or 0.00079368 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is 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.”

Buying and Selling Dero

It is usually not 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, Gemini or Coinbase. 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