Dero (DERO) traded up 9.5% against the dollar during the twenty-four hour period ending at 16:00 PM E.T. on July 28th. During the last week, Dero has traded down 24.6% against the dollar. One Dero coin can now be bought for $1.24 or 0.00001825 BTC on cryptocurrency exchanges. Dero has a market cap of $17.78 million and approximately $9,060.96 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 up 1.4% against the dollar and now trades at $68,052.76 or 1.00000000 BTC.
- Dogecoin (DOGE) traded down 2.9% against the dollar and now trades at $0.13 or 0.00000190 BTC.
- Bitcoin Cash (BCH) traded up 7.7% against the dollar and now trades at $415.52 or 0.00610589 BTC.
- UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.84 or 0.00008586 BTC.
- Litecoin (LTC) traded up 0.3% against the dollar and now trades at $71.32 or 0.00104805 BTC.
- Ethereum Classic (ETC) traded down 0.7% against the dollar and now trades at $22.64 or 0.00033270 BTC.
- Monero (XMR) traded down 1.2% against the dollar and now trades at $162.66 or 0.00239019 BTC.
- Arweave (AR) traded 1.4% lower against the dollar and now trades at $30.65 or 0.00045039 BTC.
- Bitcoin SV (BSV) traded 2% higher against the dollar and now trades at $46.52 or 0.00068366 BTC.
- NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
Dero Profile
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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official website for Dero is dero.io. The official message board for Dero 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.
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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.
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