Dero (DERO) Reaches 1-Day Trading Volume of $9,633.88

Dero (DERO) traded up 11.4% against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on July 28th. Dero has a market capitalization of $18.21 million and approximately $9,633.88 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for about $1.27 or 0.00001830 BTC on popular exchanges. During the last seven days, Dero has traded down 19.6% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $69,537.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded 6.6% higher against the dollar and now trades at $421.37 or 0.00605969 BTC.
• Litecoin (LTC) traded 1.9% higher against the dollar and now trades at $72.68 or 0.00104516 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.86 or 0.00008422 BTC.
• Ethereum Classic (ETC) traded up 1.4% against the dollar and now trades at $23.12 or 0.00033245 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $164.28 or 0.00236248 BTC.
• Arweave (AR) traded 4.2% higher against the dollar and now trades at $32.51 or 0.00046748 BTC.
• Bitcoin SV (BSV) traded up 3.9% against the dollar and now trades at $47.60 or 0.00068459 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero (CRYPTO: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 buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView