Dero (DERO) Price Reaches $1.15

Dero (DERO) traded 3.8% lower against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on October 18th. One Dero coin can now be purchased for approximately $1.15 or 0.00001681 BTC on cryptocurrency exchanges. Dero has a total market cap of $16.46 million and approximately $6,802.20 worth of Dero was traded on exchanges in the last day. Over the last seven days, Dero has traded 5.1% lower against the US dollar.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $68,393.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8% higher against the dollar and now trades at $0.15 or 0.00000214 BTC.
• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $367.27 or 0.00537005 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $6.07 or 0.00008876 BTC.
• Litecoin (LTC) traded 0% higher against the dollar and now trades at $73.87 or 0.00108006 BTC.
• Monero (XMR) traded up 0.8% against the dollar and now trades at $160.05 or 0.00234013 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $19.52 or 0.00028540 BTC.
• Arweave (AR) traded up 1.1% against the dollar and now trades at $19.08 or 0.00027898 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $50.87 or 0.00074375 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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 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 presently 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 GDAX, Coinbase 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