Dero (DERO) Tops 1-Day Volume of $8,807.95

Dero (DERO) traded 2.3% lower against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on November 22nd. Dero has a total market cap of $18.65 million and approximately $8,807.95 worth of Dero was traded on exchanges in the last 24 hours. During the last seven days, Dero has traded up 4.9% against the dollar. One Dero coin can now be purchased for approximately $1.30 or 0.00001321 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $98,619.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.39 or 0.00000399 BTC.
• Bitcoin Cash (BCH) traded down 2.6% against the dollar and now trades at $489.35 or 0.00495819 BTC.
• UNUS SED LEO (LEO) traded down 2.3% against the dollar and now trades at $8.67 or 0.00008787 BTC.
• Litecoin (LTC) traded up 0.2% against the dollar and now trades at $90.80 or 0.00091995 BTC.
• Ethereum Classic (ETC) traded up 1.5% against the dollar and now trades at $28.47 or 0.00028850 BTC.
• Monero (XMR) traded down 1.5% against the dollar and now trades at $159.63 or 0.00161736 BTC.
• Bitcoin SV (BSV) traded 6.2% lower against the dollar and now trades at $67.81 or 0.00068710 BTC.
• Arweave (AR) traded 0.2% higher against the dollar and now trades at $17.98 or 0.00018221 BTC.
• eCash (XEC) traded down 3.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.dero.io. The official website for Dero is dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed 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 currently 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