Dero (DERO) Market Cap Achieves $21.31 Million

Dero (DERO) traded 5.3% higher against the U.S. dollar during the twenty-four hour period ending at 19:00 PM ET on October 25th. One Dero coin can currently be purchased for $1.49 or 0.00002270 BTC on popular cryptocurrency exchanges. During the last week, Dero has traded up 27.8% against the U.S. dollar. Dero has a total market cap of $21.31 million and approximately $15,152.32 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 3.6% against the dollar and now trades at $65,700.60 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 9.8% lower against the dollar and now trades at $0.13 or 0.00000196 BTC.
• Bitcoin Cash (BCH) traded 6.2% lower against the dollar and now trades at $344.85 or 0.00525706 BTC.
• UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $6.01 or 0.00009161 BTC.
• Litecoin (LTC) traded down 5% against the dollar and now trades at $67.40 or 0.00102755 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $155.80 or 0.00237508 BTC.
• Ethereum Classic (ETC) traded down 6.1% against the dollar and now trades at $17.71 or 0.00026993 BTC.
• Arweave (AR) traded 15.4% lower against the dollar and now trades at $15.48 or 0.00023596 BTC.
• Bitcoin SV (BSV) traded down 8.1% against the dollar and now trades at $44.74 or 0.00068206 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO: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. Dero’s official website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView