Dero (DERO) Reaches 24 Hour Trading Volume of $5,837.55

Dero (DERO) traded down 0.4% against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on September 16th. One Dero coin can currently be bought for $1.26 or 0.00002181 BTC on major exchanges. Dero has a total market cap of $18.08 million and $5,837.55 worth of Dero was traded on exchanges in the last 24 hours. Over the last seven days, Dero has traded up 9.5% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.9% lower against the dollar and now trades at $57,908.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.7% against the dollar and now trades at $0.0992 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $311.62 or 0.00538121 BTC.
• UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $5.74 or 0.00009909 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $62.44 or 0.00107820 BTC.
• Monero (XMR) traded down 0.4% against the dollar and now trades at $170.69 or 0.00294761 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $17.74 or 0.00030631 BTC.
• Arweave (AR) traded up 0.6% against the dollar and now trades at $18.91 or 0.00032655 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $46.28 or 0.00079927 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 website is dero.io. The official message board for Dero is forum.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.”

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 Coinbase, Changelly or Gemini. 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