Dero (DERO) Reaches One Day Volume of $5,876.71

Dero (DERO) traded down 7.5% against the dollar during the 1-day period ending at 19:00 PM E.T. on September 6th. Over the last seven days, Dero has traded up 0.5% against the dollar. Dero has a market capitalization of $15.43 million and approximately $5,876.71 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for approximately $1.08 or 0.00002009 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 4.5% against the dollar and now trades at $53,663.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7% lower against the dollar and now trades at $0.0912 or 0.00000170 BTC.
• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $294.01 or 0.00547783 BTC.
• UNUS SED LEO (LEO) traded 3.5% higher against the dollar and now trades at $5.70 or 0.00010613 BTC.
• Litecoin (LTC) traded 5.1% lower against the dollar and now trades at $62.56 or 0.00116556 BTC.
• Monero (XMR) traded down 3.3% against the dollar and now trades at $165.72 or 0.00308754 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $17.23 or 0.00032096 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $20.17 or 0.00037576 BTC.
• Bitcoin SV (BSV) traded 2.5% lower against the dollar and now trades at $44.21 or 0.00082370 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was 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. The official message board for Dero 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 presently possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView