Dero Trading Down 3.3% Over Last Week (DERO)

Dero (DERO) traded 2.5% higher against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on July 12th. Dero has a total market cap of $24.17 million and approximately $8,705.49 worth of Dero was traded on exchanges in the last day. One Dero coin can now be bought for about $1.69 or 0.00002916 BTC on popular exchanges. Over the last week, Dero has traded down 3.3% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $57,917.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.11 or 0.00000186 BTC.
• Bitcoin Cash (BCH) traded up 6.7% against the dollar and now trades at $370.27 or 0.00639308 BTC.
• UNUS SED LEO (LEO) traded down 2.8% against the dollar and now trades at $5.67 or 0.00009797 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $69.49 or 0.00119983 BTC.
• Ethereum Classic (ETC) traded 3.7% higher against the dollar and now trades at $21.47 or 0.00037069 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $159.40 or 0.00275225 BTC.
• Arweave (AR) traded 1.3% lower against the dollar and now trades at $23.85 or 0.00041184 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.1% higher against the dollar and now trades at $39.20 or 0.00067675 BTC.

Dero Profile

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

Dero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView