Dero Market Capitalization Tops $16.70 Million (DERO)

Dero (DERO) traded 8.3% higher against the US dollar during the 24-hour period ending at 21:00 PM Eastern on November 5th. During the last seven days, Dero has traded down 6.5% against the US dollar. One Dero coin can currently be bought for $1.17 or 0.00001643 BTC on major exchanges. Dero has a total market cap of $16.70 million and $7,499.39 worth of Dero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 4.6% higher against the dollar and now trades at $71,038.10 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 11.3% against the dollar and now trades at $0.18 or 0.00000254 BTC.
• Bitcoin Cash (BCH) traded up 5.9% against the dollar and now trades at $349.00 or 0.00491290 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.05 or 0.00008520 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $67.04 or 0.00094368 BTC.
• Monero (XMR) traded down 1.1% against the dollar and now trades at $158.92 or 0.00223705 BTC.
• Ethereum Classic (ETC) traded 4.6% higher against the dollar and now trades at $18.55 or 0.00026109 BTC.
• Bitcoin SV (BSV) traded 5.6% higher against the dollar and now trades at $48.02 or 0.00067601 BTC.
• Arweave (AR) traded up 7.5% against the dollar and now trades at $14.09 or 0.00019835 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 website is dero.io. 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.

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 acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase 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