Dero (DERO) Achieves Market Capitalization of $44.87 Million

Dero (DERO) traded up 0.6% against the dollar during the 1-day period ending at 14:00 PM Eastern on April 18th. One Dero coin can now be bought for approximately $3.13 or 0.00004989 BTC on major exchanges. Dero has a market cap of $44.87 million and $6,421.39 worth of Dero was traded on exchanges in the last 24 hours. Over the last week, Dero has traded 24.3% lower against the dollar.

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

• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $62,833.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $477.35 or 0.00759652 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $80.48 or 0.00128075 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.86 or 0.00009326 BTC.
• Ethereum Classic (ETC) traded down 0.3% against the dollar and now trades at $25.74 or 0.00040963 BTC.
• Monero (XMR) traded down 2.4% against the dollar and now trades at $116.29 or 0.00185070 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $24.42 or 0.00038864 BTC.
• Bitcoin SV (BSV) traded down 0.8% against the dollar and now trades at $65.97 or 0.00104987 BTC.
• eCash (XEC) traded up 0.1% against the dollar and now trades at $0.0001 or 0.00000000 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. 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. 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 presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy 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 buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView