Dero (DERO) Market Capitalization Tops $19.78 Million

Dero (DERO) traded down 1.3% against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on October 23rd. During the last week, Dero has traded 15.6% higher against the U.S. dollar. Dero has a market cap of $19.78 million and $6,604.10 worth of Dero was traded on exchanges in the last day. One Dero coin can now be bought for approximately $1.38 or 0.00002053 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $67,309.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 0.5% higher against the dollar and now trades at $356.41 or 0.00529518 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $6.10 or 0.00009057 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $70.09 or 0.00104139 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $157.56 or 0.00234084 BTC.
• Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $18.81 or 0.00027946 BTC.
• Arweave (AR) traded 0.4% lower against the dollar and now trades at $18.13 or 0.00026936 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $47.53 or 0.00070608 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero 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 official message board for Dero is forum.dero.io. The official website for Dero is dero.io. 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.

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 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, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView