Dero Market Capitalization Tops $30.11 Million (DERO)

Dero (DERO) traded down 1.1% against the dollar during the one day period ending at 15:00 PM E.T. on June 23rd. Over the last week, Dero has traded 0.6% lower against the dollar. Dero has a total market cap of $30.11 million and approximately $9,394.29 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for approximately $2.10 or 0.00003282 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $64,114.43 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1% lower against the dollar and now trades at $0.12 or 0.00000192 BTC.
  • Bitcoin Cash (BCH) traded down 2.5% against the dollar and now trades at $384.92 or 0.00600360 BTC.
  • Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $74.47 or 0.00116155 BTC.
  • UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.51 or 0.00008593 BTC.
  • Ethereum Classic (ETC) traded 1.8% lower against the dollar and now trades at $22.96 or 0.00035808 BTC.
  • Monero (XMR) traded down 2.3% against the dollar and now trades at $162.21 or 0.00253006 BTC.
  • Arweave (AR) traded down 1.7% against the dollar and now trades at $27.00 or 0.00042115 BTC.
  • Bitcoin SV (BSV) traded 2.5% lower against the dollar and now trades at $45.90 or 0.00071588 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. It launched on 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. Dero’s official website is dero.io. The official message board for Dero is forum.dero.io. 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.”

Dero Coin Trading

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

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