Dero (DERO) Achieves Market Capitalization of $44.87 Million

Dero (DERO) traded 0.6% higher against the U.S. dollar during the one day period ending at 14:00 PM E.T. on April 18th. One Dero coin can currently be purchased for about $3.13 or 0.00004989 BTC on major cryptocurrency exchanges. Dero has a market capitalization of $44.87 million and $6,421.39 worth of Dero was traded on exchanges in the last 24 hours. Over the last seven days, Dero has traded 24.3% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded up 2.3% against the dollar and now trades at $62,833.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $477.35 or 0.00759652 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $80.48 or 0.00128075 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.86 or 0.00009326 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $25.74 or 0.00040963 BTC.
• Monero (XMR) traded 2.4% lower against the dollar and now trades at $116.29 or 0.00185070 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $24.42 or 0.00038864 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $65.97 or 0.00104987 BTC.
• eCash (XEC) traded up 0.1% against the dollar and now trades at $0.0001 or 0.00000000 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 14,312,916 coins. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official website for Dero is dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official message board for Dero 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.”

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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView