Dero Reaches 24-Hour Trading Volume of $6,657.17 (DERO)

Dero (DERO) traded up 1.7% against the U.S. dollar during the one day period ending at 7:00 AM E.T. on November 5th. Dero has a total market cap of $16.06 million and approximately $6,657.17 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for $1.12 or 0.00001629 BTC on popular cryptocurrency exchanges. In the last week, Dero has traded 11.8% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $68,890.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.8% against the dollar and now trades at $0.17 or 0.00000249 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $339.29 or 0.00492508 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008780 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $66.73 or 0.00096866 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $159.49 or 0.00231508 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $18.01 or 0.00026137 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $46.55 or 0.00067571 BTC.
• Arweave (AR) traded down 2.6% against the dollar and now trades at $13.52 or 0.00019619 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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