Dero (DERO) Market Cap Hits $19.66 Million

Dero (DERO) traded 4.5% lower against the US dollar during the 1 day period ending at 11:00 AM E.T. on August 1st. One Dero coin can now be purchased for $1.37 or 0.00002180 BTC on major exchanges. Dero has a market capitalization of $19.66 million and $8,319.33 worth of Dero was traded on exchanges in the last 24 hours. In the last seven days, Dero has traded 6% higher against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 5.2% against the dollar and now trades at $63,027.17 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.1% against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded down 3.6% against the dollar and now trades at $408.81 or 0.00648632 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.74 or 0.00009110 BTC.
• Litecoin (LTC) traded 3.9% lower against the dollar and now trades at $68.64 or 0.00108908 BTC.
• Ethereum Classic (ETC) traded down 4.6% against the dollar and now trades at $21.33 or 0.00033849 BTC.
• Monero (XMR) traded 3.2% lower against the dollar and now trades at $155.06 or 0.00246023 BTC.
• Arweave (AR) traded down 9.6% against the dollar and now trades at $27.24 or 0.00043227 BTC.
• Bitcoin SV (BSV) traded down 6.4% against the dollar and now trades at $47.72 or 0.00075707 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official message board for Dero 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.

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 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView