Dero (DERO) Dipped 1.1% against the US dollar

Dero (DERO) traded down 1.1% against the US dollar during the twenty-four hour period ending at 8:00 AM E.T. on February 10th.

Dero (DERO) price today is $0.478 with a 24-hour trading volume of $9,020.66. Dero is down 1.1% against the USD in the last 24 hours and has traded down 2.2% against the USD in the last 7 days.

One Dero coin can now be purchased for $0.48 or 0.00000494 BTC on major exchanges. Dero has a market cap of $6.88 million, making it the 693rd most valuable cryptocurrency.

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.

The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here.

Dero is built on a directed acyclic graph (DAG) network of blocks, which contributes to chain proof-of-work security. In contrast to traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block.

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.”