Dero (DERO) traded down 3.4% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on September 3rd. Dero has a market capitalization of $16.83 million and $9,442.71 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for $1.18 or 0.00002038 BTC on major cryptocurrency exchanges. During the last week, Dero has traded 5.1% lower against the U.S. dollar.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $57,710.10 or 1.00000000 BTC.
- Dogecoin (DOGE) traded 0.5% higher against the dollar and now trades at $0.0975 or 0.00000169 BTC.
- Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $311.53 or 0.00539825 BTC.
- UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.80 or 0.00010049 BTC.
- Litecoin (LTC) traded up 0.4% against the dollar and now trades at $64.74 or 0.00112175 BTC.
- Monero (XMR) traded up 3.5% against the dollar and now trades at $173.69 or 0.00300963 BTC.
- Ethereum Classic (ETC) traded 1.3% lower against the dollar and now trades at $17.74 or 0.00030741 BTC.
- Arweave (AR) traded down 3% against the dollar and now trades at $20.66 or 0.00035807 BTC.
- Bitcoin SV (BSV) traded up 4.6% against the dollar and now trades at $43.65 or 0.00075641 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. 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 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. The official website for Dero is dero.io. Dero’s official message board is forum.dero.io.
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 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.
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