Dero 1-Day Volume Reaches $20,817.16 (DERO)

Dero (DERO) traded down 9.5% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on December 20th. Dero has a total market capitalization of $11.37 million and $20,817.16 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for approximately $0.79 or 0.00000846 BTC on exchanges. During the last seven days, Dero has traded down 22.3% against the U.S. dollar.

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

• Bitcoin (BTC) traded 7.9% lower against the dollar and now trades at $93,843.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 20.2% lower against the dollar and now trades at $0.29 or 0.00000308 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $9.17 or 0.00009775 BTC.
• Bitcoin Cash (BCH) traded down 15.1% against the dollar and now trades at $409.40 or 0.00436255 BTC.
• Litecoin (LTC) traded 15.5% lower against the dollar and now trades at $92.69 or 0.00098768 BTC.
• Ethereum Classic (ETC) traded down 14% against the dollar and now trades at $25.13 or 0.00026775 BTC.
• Monero (XMR) traded down 13.4% against the dollar and now trades at $176.68 or 0.00188271 BTC.
• Arweave (AR) traded 13.5% lower against the dollar and now trades at $15.52 or 0.00016540 BTC.
• Bitcoin SV (BSV) traded 12.4% lower against the dollar and now trades at $50.26 or 0.00053561 BTC.
• IOTA (MIOTA) traded down 16.7% against the dollar and now trades at $0.27 or 0.00000293 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. 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. The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here.

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 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 Coinbase, Gemini or GDAX. 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