Dero (DERO) Market Capitalization Hits $72.03 Million

Dero (DERO) traded 1.8% higher against the US dollar during the 1-day period ending at 19:00 PM E.T. on March 28th. Dero has a total market cap of $72.03 million and approximately $17,644.16 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for $5.03 or 0.00007113 BTC on popular cryptocurrency exchanges. In the last week, Dero has traded 5.9% higher against the US dollar.

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

• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $70,752.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 15.6% against the dollar and now trades at $0.22 or 0.00000310 BTC.
• Bitcoin Cash (BCH) traded up 5.5% against the dollar and now trades at $570.01 or 0.00805665 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $94.35 or 0.00133354 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $6.05 or 0.00008553 BTC.
• Ethereum Classic (ETC) traded 2.8% higher against the dollar and now trades at $32.54 or 0.00045996 BTC.
• Arweave (AR) traded 2.7% lower against the dollar and now trades at $41.55 or 0.00058723 BTC.
• Monero (XMR) traded 1.7% lower against the dollar and now trades at $135.28 or 0.00191212 BTC.
• Conflux (CFX) traded 1% lower against the dollar and now trades at $0.48 or 0.00000675 BTC.
• Bitcoin SV (BSV) traded up 0.7% against the dollar and now trades at $92.74 or 0.00131073 BTC.

Dero Profile

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on 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 message board for Dero is forum.dero.io. The official website for Dero is 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 possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView