Dero Achieves Market Capitalization of $18.38 Million (DERO)

Dero (DERO) traded up 0.2% against the US dollar during the 1 day period ending at 16:00 PM Eastern on September 16th. During the last week, Dero has traded up 12.7% against the US dollar. Dero has a market cap of $18.38 million and $5,835.34 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be bought for $1.28 or 0.00002215 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 3.4% lower against the dollar and now trades at $57,977.90 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.6% against the dollar and now trades at $0.0992 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 2.4% against the dollar and now trades at $311.96 or 0.00538062 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.73 or 0.00009890 BTC.
• Litecoin (LTC) traded down 2.8% against the dollar and now trades at $62.48 or 0.00107764 BTC.
• Monero (XMR) traded 0% higher against the dollar and now trades at $170.52 or 0.00294109 BTC.
• Ethereum Classic (ETC) traded down 2.2% against the dollar and now trades at $17.68 or 0.00030500 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $18.78 or 0.00032397 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $46.02 or 0.00079368 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

Dero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch 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 message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official website for Dero is dero.io. 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 currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView