Dero Market Capitalization Achieves $17.79 Million (DERO)

Dero (DERO) traded 8.1% lower against the US dollar during the 1-day period ending at 7:00 AM E.T. on November 26th. During the last seven days, Dero has traded 6.4% higher against the US dollar. One Dero coin can currently be purchased for $1.24 or 0.00001345 BTC on major exchanges. Dero has a total market capitalization of $17.79 million and $6,658.18 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 5.8% against the dollar and now trades at $92,408.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 11.8% against the dollar and now trades at $0.38 or 0.00000407 BTC.
• Bitcoin Cash (BCH) traded down 7.1% against the dollar and now trades at $486.10 or 0.00526031 BTC.
• UNUS SED LEO (LEO) traded down 4.4% against the dollar and now trades at $8.02 or 0.00008683 BTC.
• Litecoin (LTC) traded down 7% against the dollar and now trades at $90.66 or 0.00098103 BTC.
• Ethereum Classic (ETC) traded 8.8% lower against the dollar and now trades at $28.17 or 0.00030490 BTC.
• Monero (XMR) traded 7.5% lower against the dollar and now trades at $153.72 or 0.00166349 BTC.
• Bitcoin SV (BSV) traded 7.6% lower against the dollar and now trades at $65.11 or 0.00070463 BTC.
• Arweave (AR) traded down 14% against the dollar and now trades at $19.29 or 0.00020876 BTC.
• eCash (XEC) traded 5.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.

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 possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase 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