Dero Achieves Market Cap of $16.23 Million (DERO)

Dero (DERO) traded up 1% against the dollar during the 24 hour period ending at 17:00 PM E.T. on November 3rd. During the last week, Dero has traded down 14.7% against the dollar. One Dero coin can now be bought for $1.13 or 0.00001642 BTC on major exchanges. Dero has a total market cap of $16.23 million and approximately $6,237.12 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $69,081.09 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.7% against the dollar and now trades at $0.15 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded down 2.9% against the dollar and now trades at $342.63 or 0.00495977 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008761 BTC.
• Litecoin (LTC) traded 3.1% lower against the dollar and now trades at $67.19 or 0.00097259 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $156.36 or 0.00226337 BTC.
• Ethereum Classic (ETC) traded 1.2% lower against the dollar and now trades at $17.90 or 0.00025912 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $47.36 or 0.00068556 BTC.
• Arweave (AR) traded 3.9% lower against the dollar and now trades at $13.85 or 0.00020042 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 genesis date was 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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is dero.io. The official message board for Dero is forum.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.”

Buying and Selling Dero

It is usually not currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView