Dero Market Capitalization Achieves $19.70 Million (DERO)

Dero (DERO) traded up 4.4% against the US dollar during the 24 hour period ending at 7:00 AM ET on November 14th. During the last seven days, Dero has traded up 9.1% against the US dollar. One Dero coin can now be purchased for $1.38 or 0.00001510 BTC on major exchanges. Dero has a total market capitalization of $19.70 million and $12,350.15 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 3.5% higher against the dollar and now trades at $91,156.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.1% against the dollar and now trades at $0.39 or 0.00000430 BTC.
• Bitcoin Cash (BCH) traded 5.7% higher against the dollar and now trades at $435.00 or 0.00477201 BTC.
• UNUS SED LEO (LEO) traded 5.7% higher against the dollar and now trades at $7.70 or 0.00008446 BTC.
• Litecoin (LTC) traded 9.8% higher against the dollar and now trades at $80.60 or 0.00088420 BTC.
• Ethereum Classic (ETC) traded up 2.2% against the dollar and now trades at $22.31 or 0.00024473 BTC.
• Monero (XMR) traded down 3.6% against the dollar and now trades at $146.69 or 0.00160916 BTC.
• Bitcoin SV (BSV) traded up 18.4% against the dollar and now trades at $64.93 or 0.00071226 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $17.08 or 0.00018742 BTC.
• eCash (XEC) traded 12.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Coin 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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website is dero.io. Dero’s official message board 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 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 Gemini, Changelly or Coinbase. 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