Dero (DERO) Hits Market Cap of $17.27 Million

Dero (DERO) traded up 2.8% against the US dollar during the 1 day period ending at 16:00 PM E.T. on November 6th. One Dero coin can currently be bought for $1.21 or 0.00001592 BTC on cryptocurrency exchanges. Dero has a market cap of $17.27 million and $6,689.64 worth of Dero was traded on exchanges in the last 24 hours. During the last seven days, Dero has traded 2.5% lower against the US dollar.

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

• Bitcoin (BTC) traded up 9.3% against the dollar and now trades at $75,803.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 14.8% against the dollar and now trades at $0.19 or 0.00000257 BTC.
• Bitcoin Cash (BCH) traded up 9.2% against the dollar and now trades at $373.65 or 0.00492917 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $6.08 or 0.00008021 BTC.
• Litecoin (LTC) traded 6% higher against the dollar and now trades at $70.02 or 0.00092370 BTC.
• Monero (XMR) traded 3.3% higher against the dollar and now trades at $163.30 or 0.00215429 BTC.
• Ethereum Classic (ETC) traded 5.6% higher against the dollar and now trades at $19.25 or 0.00025398 BTC.
• Arweave (AR) traded up 15.1% against the dollar and now trades at $15.64 or 0.00020635 BTC.
• Bitcoin SV (BSV) traded 8.9% higher against the dollar and now trades at $51.11 or 0.00067420 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero (CRYPTO: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 website for Dero is dero.io. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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