Dero Hits Market Cap of $16.84 Million (DERO)

Dero (DERO) traded up 6.8% against the dollar during the 1-day period ending at 8:00 AM Eastern on October 17th. One Dero coin can currently be bought for approximately $1.18 or 0.00001760 BTC on major exchanges. Dero has a total market cap of $16.84 million and $14,758.05 worth of Dero was traded on exchanges in the last 24 hours. Over the last seven days, Dero has traded 9.7% lower against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $66,835.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.2% lower against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $361.84 or 0.00541394 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $6.11 or 0.00009138 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $70.77 or 0.00105892 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $155.94 or 0.00233324 BTC.
• Ethereum Classic (ETC) traded down 3.8% against the dollar and now trades at $18.89 or 0.00028270 BTC.
• Arweave (AR) traded 6.5% lower against the dollar and now trades at $18.46 or 0.00027615 BTC.
• Bitcoin SV (BSV) traded down 3.9% against the dollar and now trades at $49.31 or 0.00073785 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 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 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. The official website for Dero is dero.io. Dero’s official message board 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView