Dero (DERO) Achieves Market Cap of $26.97 Million

Dero (DERO) traded up 1% against the dollar during the one day period ending at 22:00 PM E.T. on June 27th. During the last week, Dero has traded 15% lower against the dollar. Dero has a market capitalization of $26.97 million and $16,655.36 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for $1.88 or 0.00003043 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.7% higher against the dollar and now trades at $61,932.65 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% higher against the dollar and now trades at $0.13 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $390.10 or 0.00629874 BTC.
• Litecoin (LTC) traded up 3.6% against the dollar and now trades at $73.49 or 0.00118660 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $5.78 or 0.00009327 BTC.
• Ethereum Classic (ETC) traded up 3.3% against the dollar and now trades at $24.28 or 0.00039207 BTC.
• Monero (XMR) traded 1.3% higher against the dollar and now trades at $166.49 or 0.00268818 BTC.
• Arweave (AR) traded up 1.3% against the dollar and now trades at $26.22 or 0.00042337 BTC.
• Bitcoin SV (BSV) traded 2.5% higher against the dollar and now trades at $45.56 or 0.00073559 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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. 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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website is 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.”

Buying and Selling Dero

It is usually not presently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView