Dero Hits 24 Hour Volume of $42,652.39 (DERO)

Dero (DERO) traded 39.6% higher against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on February 12th. One Dero coin can now be purchased for approximately $2.41 or 0.00005038 BTC on popular cryptocurrency exchanges. During the last seven days, Dero has traded down 4.6% against the dollar. Dero has a total market cap of $34.53 million and approximately $42,652.39 worth of Dero was traded on exchanges in the last 24 hours.

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

  • Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $47,909.59 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 2.8% lower against the dollar and now trades at $0.0798 or 0.00000167 BTC.
  • Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $278.31 or 0.00580896 BTC.
  • Litecoin (LTC) traded down 1.9% against the dollar and now trades at $70.60 or 0.00147365 BTC.
  • UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $4.13 or 0.00008615 BTC.
  • Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $25.54 or 0.00053315 BTC.
  • Monero (XMR) traded down 2% against the dollar and now trades at $119.07 or 0.00248531 BTC.
  • Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $78.64 or 0.00164147 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • Conflux (CFX) traded down 3.2% against the dollar and now trades at $0.22 or 0.00000450 BTC.

Dero Profile

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 14,304,338 coins. The official website for Dero is 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 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 U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

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