Dero (DERO) Market Capitalization Tops $24.90 Million

Dero (DERO) traded 0.1% lower against the US dollar during the 1-day period ending at 0:00 AM ET on July 4th. Over the last week, Dero has traded down 7.9% against the US dollar. Dero has a total market capitalization of $24.90 million and approximately $18,194.95 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for approximately $1.74 or 0.00003155 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded down 6.6% against the dollar and now trades at $55,141.73 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 18% against the dollar and now trades at $0.0946 or 0.00000171 BTC.
  • Bitcoin Cash (BCH) traded down 16% against the dollar and now trades at $304.29 or 0.00551840 BTC.
  • UNUS SED LEO (LEO) traded up 1.2% against the dollar and now trades at $5.83 or 0.00010578 BTC.
  • Litecoin (LTC) traded 17% lower against the dollar and now trades at $58.43 or 0.00105961 BTC.
  • Ethereum Classic (ETC) traded down 14.6% against the dollar and now trades at $18.84 or 0.00034163 BTC.
  • Monero (XMR) traded 14.3% lower against the dollar and now trades at $140.68 or 0.00255129 BTC.
  • Arweave (AR) traded down 20.4% against the dollar and now trades at $20.27 or 0.00036756 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • Bitcoin SV (BSV) traded 19.8% lower against the dollar and now trades at $32.62 or 0.00059149 BTC.

Dero 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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.dero.io. 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.”

Buying and Selling Dero

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

Receive News & Updates for Dero Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Dero and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.