Dero (DERO) Market Cap Tops $26.23 Million

Dero (DERO) traded down 1.9% against the dollar during the 1-day period ending at 15:00 PM E.T. on July 1st. Dero has a total market capitalization of $26.23 million and $15,048.08 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded down 9.3% against the dollar. One Dero coin can currently be bought for about $1.83 or 0.00002902 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1.9% against the dollar and now trades at $63,148.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $388.20 or 0.00614750 BTC.
• Litecoin (LTC) traded up 0.2% against the dollar and now trades at $74.60 or 0.00118134 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.80 or 0.00009177 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $23.49 or 0.00037197 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $168.92 or 0.00267489 BTC.
• Arweave (AR) traded 4.9% higher against the dollar and now trades at $28.57 or 0.00045236 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $44.77 or 0.00070900 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 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website 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.”

Dero Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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