Dero Market Cap Achieves $18.85 Million (DERO)

Dero (DERO) traded 3.9% lower against the U.S. dollar during the 24-hour period ending at 23:00 PM ET on October 21st. Dero has a market capitalization of $18.85 million and $8,547.35 worth of Dero was traded on exchanges in the last day. During the last seven days, Dero has traded 31.5% higher against the U.S. dollar. One Dero coin can now be purchased for $1.32 or 0.00001957 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 2.3% against the dollar and now trades at $67,284.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% lower against the dollar and now trades at $0.14 or 0.00000215 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $363.82 or 0.00540725 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $6.11 or 0.00009075 BTC.
• Litecoin (LTC) traded 3.6% lower against the dollar and now trades at $70.98 or 0.00105489 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $19.41 or 0.00028845 BTC.
• Monero (XMR) traded down 3.1% against the dollar and now trades at $156.71 or 0.00232912 BTC.
• Arweave (AR) traded down 4.3% against the dollar and now trades at $18.52 or 0.00027519 BTC.
• Bitcoin SV (BSV) traded 3.6% lower against the dollar and now trades at $48.94 or 0.00072731 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 message board is forum.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 website is 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 trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX 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