Dero (DERO) Tops 24 Hour Volume of $21,096.34

Dero (DERO) traded 9.8% lower against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on July 26th. One Dero coin can currently be bought for about $1.17 or 0.00001726 BTC on exchanges. Dero has a market cap of $16.68 million and $21,096.34 worth of Dero was traded on exchanges in the last 24 hours. During the last week, Dero has traded 33.1% lower against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 4.4% against the dollar and now trades at $67,518.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% higher against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded up 6.4% against the dollar and now trades at $377.14 or 0.00558574 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.82 or 0.00008624 BTC.
• Litecoin (LTC) traded up 4.6% against the dollar and now trades at $71.45 or 0.00105819 BTC.
• Ethereum Classic (ETC) traded 3.3% higher against the dollar and now trades at $22.61 or 0.00033495 BTC.
• Monero (XMR) traded up 6.5% against the dollar and now trades at $163.32 or 0.00241893 BTC.
• Arweave (AR) traded up 5.2% against the dollar and now trades at $30.92 or 0.00045797 BTC.
• Bitcoin SV (BSV) traded up 6% against the dollar and now trades at $44.44 or 0.00065820 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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. Dero’s official website is dero.io. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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