Dero (DERO) 24-Hour Trading Volume Reaches $14,669.87

Dero (DERO) traded 5.4% higher against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on September 12th. One Dero coin can currently be purchased for $1.40 or 0.00002399 BTC on major exchanges. Dero has a total market capitalization of $19.99 million and approximately $14,669.87 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded 19.8% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $58,211.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% higher against the dollar and now trades at $0.10 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $332.64 or 0.00571436 BTC.
• UNUS SED LEO (LEO) traded up 3.3% against the dollar and now trades at $5.66 or 0.00009716 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $63.03 or 0.00108281 BTC.
• Monero (XMR) traded up 0% against the dollar and now trades at $170.96 or 0.00293687 BTC.
• Ethereum Classic (ETC) traded down 0.4% against the dollar and now trades at $18.44 or 0.00031678 BTC.
• Arweave (AR) traded 0.3% higher against the dollar and now trades at $19.98 or 0.00034321 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $48.51 or 0.00083332 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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

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.”

Dero Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView