Dero (DERO) Market Cap Reaches $16.06 Million

Dero (DERO) traded down 6.5% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM E.T. on November 30th. During the last week, Dero has traded down 19.9% against the U.S. dollar. Dero has a total market cap of $16.06 million and $10,790.12 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for about $1.12 or 0.00001164 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $96,419.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% higher against the dollar and now trades at $0.42 or 0.00000439 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $521.59 or 0.00540955 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $8.67 or 0.00008988 BTC.
• Litecoin (LTC) traded 4.4% higher against the dollar and now trades at $101.72 or 0.00105496 BTC.
• Ethereum Classic (ETC) traded 3.9% higher against the dollar and now trades at $32.92 or 0.00034138 BTC.
• Monero (XMR) traded 0.3% higher against the dollar and now trades at $158.31 or 0.00164192 BTC.
• Arweave (AR) traded up 11.2% against the dollar and now trades at $24.09 or 0.00024981 BTC.
• Bitcoin SV (BSV) traded 0.3% higher against the dollar and now trades at $71.01 or 0.00073651 BTC.
• eCash (XEC) traded up 0.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched 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 website is dero.io. 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. 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.”

Dero Coin Trading

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

DERO/USD price chart by TradingView