Dero (DERO) 24 Hour Volume Reaches $10,267.84

Dero (DERO) traded 7% higher against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on September 17th. Dero has a market capitalization of $19.36 million and $10,267.84 worth of Dero was traded on exchanges in the last day. In the last week, Dero has traded 10.3% higher against the U.S. dollar. One Dero coin can now be purchased for about $1.35 or 0.00002242 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 4.1% against the dollar and now trades at $60,307.57 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.9% against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 1% higher against the dollar and now trades at $314.80 or 0.00521987 BTC.
• UNUS SED LEO (LEO) traded up 2.2% against the dollar and now trades at $5.82 or 0.00009658 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $63.38 or 0.00105096 BTC.
• Monero (XMR) traded 0.3% higher against the dollar and now trades at $171.54 or 0.00284449 BTC.
• Ethereum Classic (ETC) traded up 1.9% against the dollar and now trades at $18.03 or 0.00029890 BTC.
• Arweave (AR) traded 0.7% lower against the dollar and now trades at $18.68 or 0.00030980 BTC.
• Bitcoin SV (BSV) traded 2.6% higher against the dollar and now trades at $47.33 or 0.00078477 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. 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 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.”

Buying and Selling Dero

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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