Dero Hits Market Cap of $11.12 Million (DERO)

Dero (DERO) traded 3.7% lower against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on December 28th. Over the last week, Dero has traded 2.2% lower against the U.S. dollar. Dero has a total market capitalization of $11.12 million and $15,540.57 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for about $0.78 or 0.00000823 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $94,426.22 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.8% lower against the dollar and now trades at $0.32 or 0.00000335 BTC.
• Bitcoin Cash (BCH) traded down 3.4% against the dollar and now trades at $440.51 or 0.00466508 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $9.29 or 0.00009838 BTC.
• Litecoin (LTC) traded down 5.1% against the dollar and now trades at $98.87 or 0.00104709 BTC.
• Ethereum Classic (ETC) traded down 2.5% against the dollar and now trades at $26.01 or 0.00027544 BTC.
• Monero (XMR) traded up 3.2% against the dollar and now trades at $199.39 or 0.00211158 BTC.
• Arweave (AR) traded down 2.4% against the dollar and now trades at $16.62 or 0.00017596 BTC.
• Bitcoin SV (BSV) traded down 2.5% against the dollar and now trades at $52.99 or 0.00056123 BTC.
• IOTA (MIOTA) traded down 5.2% against the dollar and now trades at $0.29 or 0.00000309 BTC.

About Dero

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. Dero’s official message board 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 possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. 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