Dero (DERO) Reaches Market Capitalization of $17.25 Million

Dero (DERO) traded down 2% against the U.S. dollar during the 24-hour period ending at 19:00 PM E.T. on August 7th. Over the last seven days, Dero has traded down 16.3% against the U.S. dollar. Dero has a market cap of $17.25 million and approximately $7,359.79 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be bought for $1.21 or 0.00002184 BTC on exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $55,194.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.3% lower against the dollar and now trades at $0.0962 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $314.70 or 0.00570173 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.77 or 0.00010461 BTC.
• Litecoin (LTC) traded down 3.6% against the dollar and now trades at $56.47 or 0.00102315 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $18.15 or 0.00032879 BTC.
• Monero (XMR) traded 1.3% lower against the dollar and now trades at $145.71 or 0.00263988 BTC.
• Arweave (AR) traded down 4.3% against the dollar and now trades at $19.69 or 0.00035665 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.3% higher against the dollar and now trades at $38.24 or 0.00069278 BTC.

About Dero

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched 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 possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView