Dero (DERO) Hits 24 Hour Volume of $10,242.73

Dero (DERO) traded down 1.8% against the dollar during the 24-hour period ending at 22:00 PM ET on June 17th. Dero has a market capitalization of $30.00 million and approximately $10,242.73 worth of Dero was traded on exchanges in the last day. During the last seven days, Dero has traded down 20.9% against the dollar. One Dero coin can currently be bought for $2.10 or 0.00003221 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded 2% lower against the dollar and now trades at $65,079.97 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 13.2% lower against the dollar and now trades at $0.12 or 0.00000182 BTC.
  • Bitcoin Cash (BCH) traded 8.5% lower against the dollar and now trades at $388.18 or 0.00596459 BTC.
  • Litecoin (LTC) traded 7.5% lower against the dollar and now trades at $72.62 or 0.00111583 BTC.
  • UNUS SED LEO (LEO) traded down 2.8% against the dollar and now trades at $5.74 or 0.00008814 BTC.
  • Ethereum Classic (ETC) traded down 12.2% against the dollar and now trades at $22.16 or 0.00034058 BTC.
  • Monero (XMR) traded 2% lower against the dollar and now trades at $172.57 or 0.00265161 BTC.
  • Arweave (AR) traded down 14.4% against the dollar and now trades at $24.01 or 0.00036891 BTC.
  • Bitcoin SV (BSV) traded 10.9% lower against the dollar and now trades at $43.56 or 0.00066934 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

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. 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.

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 US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

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