Dero (DERO) Tops 24-Hour Volume of $6,198.98

Dero (DERO) traded 2.4% higher against the dollar during the twenty-four hour period ending at 16:00 PM ET on October 19th. Over the last seven days, Dero has traded 1.4% lower against the dollar. One Dero coin can currently be bought for about $1.20 or 0.00001755 BTC on cryptocurrency exchanges. Dero has a total market cap of $17.13 million and approximately $6,198.98 worth of Dero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $68,223.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.9% higher against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded 1.2% lower against the dollar and now trades at $363.11 or 0.00532238 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $75.23 or 0.00110264 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $6.08 or 0.00008911 BTC.
• Monero (XMR) traded 2% higher against the dollar and now trades at $162.00 or 0.00237458 BTC.
• Ethereum Classic (ETC) traded up 2.4% against the dollar and now trades at $19.69 or 0.00028866 BTC.
• Arweave (AR) traded down 0.9% against the dollar and now trades at $18.72 or 0.00027443 BTC.
• Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $50.31 or 0.00073737 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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 website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.”

Dero Coin Trading

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

DERO/USD price chart by TradingView