Dero (DERO) Trading 6.7% Higher Over Last Week

Dero (DERO) traded up 2% against the U.S. dollar during the 24-hour period ending at 23:00 PM Eastern on September 8th. Dero has a market capitalization of $17.88 million and $5,708.25 worth of Dero was traded on exchanges in the last 24 hours. In the last seven days, Dero has traded up 6.7% against the U.S. dollar. One Dero coin can now be purchased for about $1.25 or 0.00002269 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $55,078.65 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.8% higher against the dollar and now trades at $0.0971 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 1.2% higher against the dollar and now trades at $306.24 or 0.00556014 BTC.
• UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $5.40 or 0.00009798 BTC.
• Litecoin (LTC) traded down 2.3% against the dollar and now trades at $60.34 or 0.00109545 BTC.
• Monero (XMR) traded up 0.9% against the dollar and now trades at $171.03 or 0.00310512 BTC.
• Ethereum Classic (ETC) traded 1.4% higher against the dollar and now trades at $17.95 or 0.00032584 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $20.31 or 0.00036880 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $44.30 or 0.00080424 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The official website for Dero 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’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.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 currently possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView