Dero Reaches 24-Hour Trading Volume of $8,875.31 (DERO)

Dero (DERO) traded 0.7% lower against the US dollar during the one day period ending at 21:00 PM E.T. on July 10th. One Dero coin can now be bought for about $1.65 or 0.00002861 BTC on popular exchanges. Dero has a market capitalization of $23.68 million and approximately $8,875.31 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded down 6.5% against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 0% against the dollar and now trades at $57,819.11 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.11 or 0.00000187 BTC.
• Bitcoin Cash (BCH) traded up 2.6% against the dollar and now trades at $340.26 or 0.00588497 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.79 or 0.00010016 BTC.
• Litecoin (LTC) traded 3.2% higher against the dollar and now trades at $67.10 or 0.00116050 BTC.
• Ethereum Classic (ETC) traded 1.7% higher against the dollar and now trades at $21.05 or 0.00036399 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $157.06 or 0.00271633 BTC.
• Arweave (AR) traded 1.8% higher against the dollar and now trades at $22.58 or 0.00039048 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $38.03 or 0.00065769 BTC.

About Dero

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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView