Dero 24 Hour Trading Volume Reaches $23,771.81 (DERO)

Dero (DERO) traded 0.6% lower against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on July 5th. One Dero coin can currently be purchased for about $1.74 or 0.00003075 BTC on major cryptocurrency exchanges. During the last seven days, Dero has traded down 7.6% against the U.S. dollar. Dero has a total market cap of $24.89 million and approximately $23,771.81 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 3.1% lower against the dollar and now trades at $56,546.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.10 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded 5.6% lower against the dollar and now trades at $324.62 or 0.00574069 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.71 or 0.00010107 BTC.
• Litecoin (LTC) traded down 10.4% against the dollar and now trades at $61.59 or 0.00108920 BTC.
• Ethereum Classic (ETC) traded down 7.6% against the dollar and now trades at $19.93 or 0.00035244 BTC.
• Monero (XMR) traded down 2.2% against the dollar and now trades at $154.38 or 0.00273010 BTC.
• Arweave (AR) traded down 3.2% against the dollar and now trades at $22.88 or 0.00040467 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 8% lower against the dollar and now trades at $35.29 or 0.00062405 BTC.

Dero Profile

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. 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 message board is forum.dero.io. The official website for Dero 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.”

Dero Coin Trading

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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView