Dero (DERO) Reaches Market Cap of $15.07 Million

Dero (DERO) traded down 3.7% against the dollar during the twenty-four hour period ending at 7:00 AM ET on December 12th. During the last week, Dero has traded down 20.4% against the dollar. Dero has a total market cap of $15.07 million and $25,437.74 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for $1.05 or 0.00001049 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 2.1% higher against the dollar and now trades at $100,360.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.1% against the dollar and now trades at $0.41 or 0.00000409 BTC.
• Bitcoin Cash (BCH) traded 2.7% higher against the dollar and now trades at $547.80 or 0.00545831 BTC.
• Litecoin (LTC) traded up 6.8% against the dollar and now trades at $120.46 or 0.00120031 BTC.
• UNUS SED LEO (LEO) traded 5.7% higher against the dollar and now trades at $9.57 or 0.00009537 BTC.
• Ethereum Classic (ETC) traded 9.4% higher against the dollar and now trades at $33.83 or 0.00033704 BTC.
• Monero (XMR) traded 5.6% higher against the dollar and now trades at $196.59 or 0.00195888 BTC.
• Arweave (AR) traded 3.4% higher against the dollar and now trades at $23.16 or 0.00023075 BTC.
• IOTA (MIOTA) traded 11.9% higher against the dollar and now trades at $0.42 or 0.00000421 BTC.
• Bitcoin SV (BSV) traded up 3.8% against the dollar and now trades at $66.93 or 0.00066692 BTC.

Dero Coin Profile

Dero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis 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 message board for Dero is forum.dero.io. 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.

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 currently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView