Dero Market Capitalization Tops $68.79 Million (DERO)

Dero (DERO) traded 4.1% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on March 17th. One Dero coin can currently be bought for about $4.81 or 0.00007118 BTC on popular exchanges. During the last seven days, Dero has traded 5.5% higher against the U.S. dollar. Dero has a market capitalization of $68.79 million and $38,593.77 worth of Dero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $67,524.30 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.3% lower against the dollar and now trades at $0.15 or 0.00000223 BTC.
  • Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $401.67 or 0.00594854 BTC.
  • Litecoin (LTC) traded down 2.4% against the dollar and now trades at $85.84 or 0.00127125 BTC.
  • UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.06 or 0.00008979 BTC.
  • Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $31.37 or 0.00046456 BTC.
  • Monero (XMR) traded down 0.8% against the dollar and now trades at $143.51 or 0.00212530 BTC.
  • Arweave (AR) traded up 17.6% against the dollar and now trades at $39.68 or 0.00058764 BTC.
  • Conflux (CFX) traded 4.6% higher against the dollar and now trades at $0.43 or 0.00000637 BTC.
  • Bitcoin SV (BSV) traded down 2.9% against the dollar and now trades at $83.76 or 0.00124048 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. 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. 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.”

Buying and Selling Dero

It is usually not possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

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