Dero (DERO) Hits 24 Hour Trading Volume of $8,421.45

Dero (DERO) traded down 2.5% against the US dollar during the 24-hour period ending at 20:00 PM Eastern on October 26th. In the last seven days, Dero has traded 12.1% higher against the US dollar. Dero has a total market cap of $20.86 million and approximately $8,421.45 worth of Dero was traded on exchanges in the last day. One Dero coin can now be purchased for approximately $1.46 or 0.00002177 BTC on major exchanges.

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

• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $66,946.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $348.49 or 0.00520545 BTC.
• UNUS SED LEO (LEO) traded up 1% against the dollar and now trades at $6.07 or 0.00009070 BTC.
• Litecoin (LTC) traded down 1.6% against the dollar and now trades at $68.11 or 0.00101744 BTC.
• Monero (XMR) traded 1.7% higher against the dollar and now trades at $161.02 or 0.00240517 BTC.
• Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $18.18 or 0.00027151 BTC.
• Arweave (AR) traded up 2.9% against the dollar and now trades at $16.24 or 0.00024264 BTC.
• Bitcoin SV (BSV) traded 0% higher against the dollar and now trades at $45.47 or 0.00067926 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded 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. The official website for Dero 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 presently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView