Dero Market Capitalization Achieves $45.77 Million (DERO)

Dero (DERO) traded down 2.6% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on April 25th. Dero has a market capitalization of $45.77 million and approximately $7,487.93 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for $3.20 or 0.00005008 BTC on popular exchanges. In the last week, Dero has traded 0.1% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 4% against the dollar and now trades at $63,878.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.4% against the dollar and now trades at $0.15 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 6.1% against the dollar and now trades at $475.38 or 0.00744385 BTC.
• Litecoin (LTC) traded 4% lower against the dollar and now trades at $83.49 or 0.00130734 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.77 or 0.00009031 BTC.
• Ethereum Classic (ETC) traded down 7.1% against the dollar and now trades at $26.14 or 0.00040929 BTC.
• Monero (XMR) traded down 2.7% against the dollar and now trades at $118.39 or 0.00185389 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $32.77 or 0.00051320 BTC.
• Bitcoin SV (BSV) traded down 8.4% against the dollar and now trades at $66.20 or 0.00103665 BTC.
• eCash (XEC) traded 8.8% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Coin Profile

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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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