Dero Reaches One Day Trading Volume of $6,798.43 (DERO)

Dero (DERO) traded 5.2% higher against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on October 19th. Dero has a market cap of $17.09 million and approximately $6,798.43 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for approximately $1.19 or 0.00001752 BTC on major cryptocurrency exchanges. During the last week, Dero has traded 2.2% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $68,169.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 7.9% against the dollar and now trades at $0.14 or 0.00000212 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $362.98 or 0.00532473 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $6.10 or 0.00008950 BTC.
• Litecoin (LTC) traded 3.5% higher against the dollar and now trades at $75.05 or 0.00110088 BTC.
• Monero (XMR) traded down 0% against the dollar and now trades at $160.79 or 0.00235871 BTC.
• Ethereum Classic (ETC) traded up 0.9% against the dollar and now trades at $19.29 or 0.00028293 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $18.69 or 0.00027416 BTC.
• Bitcoin SV (BSV) traded down 2.7% against the dollar and now trades at $50.53 or 0.00074120 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

Dero (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 Twitter account is @deroproject and its Facebook page is accessible here. 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. Dero’s official message board is forum.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 possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView