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What is DERO coin and how does it work?

by Financial Economy

Dero is the first cryptocurrency project to combine the Proof of Work Blockchain with a DAG block structure with anonymous transactions. Dero is the first CryptoNote Blockchain with smart contracts without any layer or secondary blockchain on its native chain. Detailed information about what is Dero coin, how does it work, how much is the price, where to buy, etc. is in the continuation of the content. You can browse here for information about Convex Finance coin (CVX).

What is DERO coin and how does it work?

The DERO project is a platform that combines the Proof-of-Work blockchain with a DAG block structure and completely anonymous transactions. DERO is an open source cryptocurrency created by an anonymous cryptographer named Kaptan in December 2017. The redesign of DERO is an opportunity for the dev team to greatly improve the protocol and implement cutting-edge features.

The main purpose of the DERO project is to support Ethereum, NEO, Stellar, EOS etc. using the smart contract technology popularized by the networks Monero, Zcash, Pivx etc. is to combine it with the privacy feature of cryptocurrencies. To achieve this goal, DERO was initially forked from Monero, then completely rewritten from scratch in Golang.

How to buy Dero coins? How much does DERO cost?

Dero coin can be purchased from crypto exchanges where it is listed. But before trading, it is necessary to make sure that the exchange is “reliable”. As of September 25, 2021, the price of 1 DERO coin is around $20.05. The circulating supply of Dero coin is 10,883,776 DERO, and the total supply is 18,400,000.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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