Dero Achieves Market Cap of $20.74 Million (DERO)

Dero (DERO) traded down 2.6% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on October 26th. During the last seven days, Dero has traded up 25.7% against the U.S. dollar. Dero has a market cap of $20.74 million and $14,265.43 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be bought for about $1.45 or 0.00002162 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.6% against the dollar and now trades at $67,026.73 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.9% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded down 4.2% against the dollar and now trades at $353.70 or 0.00527737 BTC.
• UNUS SED LEO (LEO) traded 2.2% lower against the dollar and now trades at $5.99 or 0.00008932 BTC.
• Litecoin (LTC) traded 3.8% lower against the dollar and now trades at $68.90 or 0.00102805 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $158.83 or 0.00236991 BTC.
• Ethereum Classic (ETC) traded down 4.2% against the dollar and now trades at $18.34 or 0.00027360 BTC.
• Arweave (AR) traded 10.4% lower against the dollar and now trades at $16.38 or 0.00024441 BTC.
• Bitcoin SV (BSV) traded 5.6% lower against the dollar and now trades at $45.54 or 0.00067949 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch 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 website for Dero is dero.io. 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. 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView