Dero Market Cap Hits $26.38 Million (DERO)

Dero (DERO) traded down 3.7% against the dollar during the one day period ending at 22:00 PM E.T. on July 1st. During the last seven days, Dero has traded 7.7% lower against the dollar. One Dero coin can now be purchased for $1.84 or 0.00002926 BTC on major exchanges. Dero has a total market capitalization of $26.38 million and approximately $14,883.59 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $62,973.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.1% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $384.12 or 0.00609980 BTC.
• Litecoin (LTC) traded 1.5% lower against the dollar and now trades at $74.36 or 0.00118083 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.79 or 0.00009189 BTC.
• Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $23.20 or 0.00036849 BTC.
• Monero (XMR) traded down 2% against the dollar and now trades at $169.49 or 0.00269144 BTC.
• Arweave (AR) traded up 0.4% against the dollar and now trades at $28.02 or 0.00044491 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $44.22 or 0.00070224 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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. Dero’s official message board is forum.dero.io. The official website for Dero is 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 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 Coinbase, GDAX or Changelly. 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