Dero Achieves Market Capitalization of $15.09 Million (DERO)

Dero (DERO) traded down 0.3% against the dollar during the 24 hour period ending at 11:00 AM Eastern on October 14th. Over the last seven days, Dero has traded down 17.9% against the dollar. Dero has a total market cap of $15.09 million and $15,208.19 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for approximately $1.05 or 0.00001598 BTC on major exchanges.

Here’s how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 5.8% higher against the dollar and now trades at $65,918.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.6% against the dollar and now trades at $0.12 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded up 9.9% against the dollar and now trades at $353.17 or 0.00535427 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $6.14 or 0.00009311 BTC.
• Litecoin (LTC) traded up 2.5% against the dollar and now trades at $66.64 or 0.00101026 BTC.
• Ethereum Classic (ETC) traded 5% higher against the dollar and now trades at $19.35 or 0.00029336 BTC.
• Monero (XMR) traded up 3.3% against the dollar and now trades at $156.00 or 0.00236507 BTC.
• Arweave (AR) traded up 5.8% against the dollar and now trades at $19.88 or 0.00030145 BTC.
• Bitcoin SV (BSV) traded up 9.3% against the dollar and now trades at $49.01 or 0.00074296 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. 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. 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. 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 presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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