Dero (DERO) One Day Volume Reaches $10,624.36

Dero (DERO) traded up 8.3% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on September 17th. In the last seven days, Dero has traded 10.7% higher against the US dollar. One Dero coin can now be purchased for $1.37 or 0.00002284 BTC on major exchanges. Dero has a market cap of $19.66 million and approximately $10,624.36 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 4% against the dollar and now trades at $60,147.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% higher against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $312.92 or 0.00520256 BTC.
• UNUS SED LEO (LEO) traded up 3.3% against the dollar and now trades at $5.87 or 0.00009760 BTC.
• Litecoin (LTC) traded 2.2% higher against the dollar and now trades at $63.55 or 0.00105656 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $172.72 or 0.00287169 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $17.87 or 0.00029707 BTC.
• Arweave (AR) traded 2.6% lower against the dollar and now trades at $18.32 or 0.00030455 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $46.79 or 0.00077785 BTC.
• Nervos Network (CKB) traded 19% higher against the dollar and now trades at $0.0184 or 0.00000031 BTC.

Dero Profile

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The official message board for Dero is forum.dero.io. Dero’s official website is dero.io. 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.

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 presently 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 GDAX, Changelly 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