Dero (DERO) Hits Market Capitalization of $38.56 Million

Dero (DERO) traded down 2% against the dollar during the 1-day period ending at 15:00 PM ET on May 24th. Dero has a total market cap of $38.56 million and $13,334.96 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for about $2.69 or 0.00003911 BTC on popular exchanges. During the last week, Dero has traded 10.5% lower against the dollar.

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

  • Bitcoin (BTC) traded 2.7% higher against the dollar and now trades at $68,865.53 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 4% against the dollar and now trades at $0.16 or 0.00000239 BTC.
  • Bitcoin Cash (BCH) traded 2.1% higher against the dollar and now trades at $496.43 or 0.00720622 BTC.
  • Litecoin (LTC) traded up 1% against the dollar and now trades at $84.74 or 0.00123013 BTC.
  • UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.99 or 0.00008697 BTC.
  • Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $31.62 or 0.00045905 BTC.
  • Monero (XMR) traded 2.9% higher against the dollar and now trades at $143.72 or 0.00208629 BTC.
  • Arweave (AR) traded 1.9% lower against the dollar and now trades at $40.48 or 0.00058758 BTC.
  • Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $62.88 or 0.00091272 BTC.
  • eCash (XEC) traded up 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Coin Profile

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 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. The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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.”

Buying and Selling Dero

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

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