Dero (DERO) 24-Hour Volume Tops $7,146.47

Dero (DERO) traded down 2.6% against the dollar during the one day period ending at 9:00 AM Eastern on September 10th. Dero has a market cap of $16.85 million and approximately $7,146.47 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be bought for approximately $1.18 or 0.00002077 BTC on major cryptocurrency exchanges. In the last seven days, Dero has traded 0.7% lower against the dollar.

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

• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $56,694.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.7% higher against the dollar and now trades at $0.10 or 0.00000181 BTC.
• Bitcoin Cash (BCH) traded 3.4% higher against the dollar and now trades at $322.67 or 0.00569128 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.60 or 0.00009885 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $60.95 or 0.00107497 BTC.
• Monero (XMR) traded 3.8% lower against the dollar and now trades at $166.23 or 0.00293206 BTC.
• Ethereum Classic (ETC) traded 1.5% higher against the dollar and now trades at $18.30 or 0.00032271 BTC.
• Arweave (AR) traded down 0.2% against the dollar and now trades at $20.13 or 0.00035512 BTC.
• Bitcoin SV (BSV) traded up 7.6% against the dollar and now trades at $48.89 or 0.00086228 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. It launched on 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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. 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 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 Changelly, GDAX or Gemini. 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