Dero (DERO) 1-Day Volume Tops $16,106.34

Dero (DERO) traded down 4.8% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on January 29th. In the last week, Dero has traded down 11.1% against the US dollar. Dero has a market capitalization of $9.90 million and approximately $16,106.34 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for approximately $0.69 or 0.00000677 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $102,272.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.3% lower against the dollar and now trades at $0.33 or 0.00000319 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.73 or 0.00009517 BTC.
• Litecoin (LTC) traded down 1.4% against the dollar and now trades at $112.78 or 0.00110272 BTC.
• Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $411.95 or 0.00402795 BTC.
• Monero (XMR) traded up 0.9% against the dollar and now trades at $224.15 or 0.00219172 BTC.
• Ethereum Classic (ETC) traded down 0.9% against the dollar and now trades at $25.38 or 0.00024812 BTC.
• IOTA (MIOTA) traded down 4.2% against the dollar and now trades at $0.29 or 0.00000280 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $48.34 or 0.00047267 BTC.
• Arweave (AR) traded 2.7% lower against the dollar and now trades at $12.76 or 0.00012478 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. Dero’s official message board is forum.dero.io. 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.

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