Dero (DERO) traded 7.9% lower against the dollar during the 1-day period ending at 22:00 PM Eastern on September 9th. Over the last week, Dero has traded 8.1% lower against the dollar. One Dero coin can now be bought for about $1.15 or 0.00002033 BTC on major cryptocurrency exchanges. Dero has a total market capitalization of $16.51 million and approximately $6,683.97 worth of Dero was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed over the last day:
- Bitcoin (BTC) traded 3.3% higher against the dollar and now trades at $56,734.15 or 1.00000000 BTC.
- Dogecoin (DOGE) traded 5.6% higher against the dollar and now trades at $0.10 or 0.00000181 BTC.
- Bitcoin Cash (BCH) traded up 4.1% against the dollar and now trades at $318.96 or 0.00562199 BTC.
- UNUS SED LEO (LEO) traded up 3.9% against the dollar and now trades at $5.61 or 0.00009887 BTC.
- Litecoin (LTC) traded up 0.2% against the dollar and now trades at $60.52 or 0.00106675 BTC.
- Monero (XMR) traded 0.3% higher against the dollar and now trades at $170.83 or 0.00301102 BTC.
- Ethereum Classic (ETC) traded up 1.4% against the dollar and now trades at $18.22 or 0.00032112 BTC.
- Arweave (AR) traded 0.9% higher against the dollar and now trades at $20.47 or 0.00036085 BTC.
- Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $45.90 or 0.00080898 BTC.
- NyanCoin (NYAN) traded down 2.2% 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 launch date was 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 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 message board for Dero 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 currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.
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