Dero (DERO) traded down 2% against the US dollar during the 24-hour period ending at 19:00 PM ET on August 4th. Dero has a total market cap of $17.29 million and $6,865.63 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for $1.21 or 0.00002067 BTC on popular exchanges. During the last week, Dero has traded down 2% against the US dollar.
Here is how similar cryptocurrencies have performed during the last 24 hours:
- Bitcoin (BTC) traded 3.9% lower against the dollar and now trades at $58,380.47 or 1.00000000 BTC.
- Dogecoin (DOGE) traded 3.4% lower against the dollar and now trades at $0.10 or 0.00000179 BTC.
- Bitcoin Cash (BCH) traded 8.5% lower against the dollar and now trades at $332.99 or 0.00569922 BTC.
- UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.65 or 0.00009674 BTC.
- Litecoin (LTC) traded down 2.7% against the dollar and now trades at $62.74 or 0.00107383 BTC.
- Ethereum Classic (ETC) traded down 3.3% against the dollar and now trades at $19.02 or 0.00032550 BTC.
- Monero (XMR) traded 1.9% higher against the dollar and now trades at $150.36 or 0.00257352 BTC.
- Arweave (AR) traded 7.7% lower against the dollar and now trades at $21.01 or 0.00035956 BTC.
- NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
- Bitcoin SV (BSV) traded down 6.5% against the dollar and now trades at $40.15 or 0.00068721 BTC.
About 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 website for Dero is dero.io. 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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here.
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 buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.
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