Dero 24-Hour Trading Volume Reaches $55,905.59 (DERO)

Dero (DERO) traded 13.7% higher against the dollar during the 1-day period ending at 16:00 PM Eastern on February 12th. One Dero coin can now be bought for about $2.42 or 0.00004824 BTC on major cryptocurrency exchanges. Dero has a total market capitalization of $34.60 million and approximately $55,905.59 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded 1.1% lower against the dollar.

Here is how related cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded 4.2% higher against the dollar and now trades at $50,159.99 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.0822 or 0.00000164 BTC.
  • Bitcoin Cash (BCH) traded up 1.3% against the dollar and now trades at $279.93 or 0.00558348 BTC.
  • Litecoin (LTC) traded up 1.8% against the dollar and now trades at $73.00 or 0.00145601 BTC.
  • Ethereum Classic (ETC) traded up 4% against the dollar and now trades at $26.63 or 0.00053124 BTC.
  • UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $4.15 or 0.00008281 BTC.
  • Monero (XMR) traded up 1.5% against the dollar and now trades at $122.39 or 0.00244115 BTC.
  • Bitcoin SV (BSV) traded 2.2% higher against the dollar and now trades at $81.86 or 0.00163282 BTC.
  • Conflux (CFX) traded 2.3% higher against the dollar and now trades at $0.22 or 0.00000446 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. Its launch date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,305,142 coins. The official message board for Dero is forum.dero.io. The official website for Dero is dero.io. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

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