Dero (DERO) Reaches 1-Day Volume of $9,022.10

Dero (DERO) traded 0.4% higher against the dollar during the 1 day period ending at 21:00 PM Eastern on June 30th. In the last seven days, Dero has traded down 10.1% against the dollar. Dero has a market cap of $26.89 million and $9,022.10 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be bought for approximately $1.88 or 0.00002994 BTC on exchanges.

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

• Bitcoin (BTC) traded 2.9% higher against the dollar and now trades at $62,704.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.3% against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $393.23 or 0.00626728 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $75.31 or 0.00120023 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.83 or 0.00009291 BTC.
• Ethereum Classic (ETC) traded 2% higher against the dollar and now trades at $23.65 or 0.00037699 BTC.
• Monero (XMR) traded up 2% against the dollar and now trades at $169.42 or 0.00270025 BTC.
• Arweave (AR) traded 1.3% lower against the dollar and now trades at $27.70 or 0.00044144 BTC.
• Bitcoin SV (BSV) traded 2.5% higher against the dollar and now trades at $44.97 or 0.00071668 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is dero.io. 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.

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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView