Dero Trading Up 25.9% Over Last Week (DERO)

Dero (DERO) traded down 2% against the dollar during the 1-day period ending at 18:00 PM E.T. on October 23rd. One Dero coin can now be purchased for about $1.37 or 0.00002069 BTC on cryptocurrency exchanges. Dero has a total market cap of $19.66 million and $6,319.99 worth of Dero was traded on exchanges in the last day. Over the last seven days, Dero has traded 25.9% higher against the dollar.

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

• Bitcoin (BTC) traded down 1.9% against the dollar and now trades at $66,389.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.4% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $346.39 or 0.00521749 BTC.
• UNUS SED LEO (LEO) traded 1.9% higher against the dollar and now trades at $6.09 or 0.00009178 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $69.34 or 0.00104451 BTC.
• Monero (XMR) traded down 1.5% against the dollar and now trades at $155.45 or 0.00234153 BTC.
• Ethereum Classic (ETC) traded 2.4% lower against the dollar and now trades at $18.54 or 0.00027924 BTC.
• Arweave (AR) traded down 3.4% against the dollar and now trades at $17.84 or 0.00026867 BTC.
• Bitcoin SV (BSV) traded 3.1% lower against the dollar and now trades at $46.59 or 0.00070175 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. 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. Dero’s official message board 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 website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here.

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 acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView