Dero (DERO) Market Cap Reaches $16.06 Million

Dero (DERO) traded down 6.5% against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on November 30th. One Dero coin can currently be purchased for approximately $1.12 or 0.00001164 BTC on exchanges. Dero has a total market capitalization of $16.06 million and $10,790.12 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded 19.9% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $96,419.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% higher against the dollar and now trades at $0.42 or 0.00000439 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $521.59 or 0.00540955 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $8.67 or 0.00008988 BTC.
• Litecoin (LTC) traded up 4.4% against the dollar and now trades at $101.72 or 0.00105496 BTC.
• Ethereum Classic (ETC) traded up 3.9% against the dollar and now trades at $32.92 or 0.00034138 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $158.31 or 0.00164192 BTC.
• Arweave (AR) traded up 11.2% against the dollar and now trades at $24.09 or 0.00024981 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $71.01 or 0.00073651 BTC.
• eCash (XEC) traded up 0.4% against the dollar and now trades at $0.0000 or 0.00000000 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 official message board for Dero 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. 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.”

Dero Coin Trading

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