Dero Trading Down 11.4% Over Last Week (DERO)

Dero (DERO) traded 3% higher against the dollar during the 1 day period ending at 8:00 AM ET on January 21st. Dero has a market cap of $9.42 million and $17,699.28 worth of Dero was traded on exchanges in the last day. Over the last seven days, Dero has traded down 11.4% against the dollar. One Dero coin can currently be bought for $0.66 or 0.00000631 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 2.4% against the dollar and now trades at $104,304.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.5% against the dollar and now trades at $0.38 or 0.00000363 BTC.
• Litecoin (LTC) traded up 4% against the dollar and now trades at $122.56 or 0.00117438 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $9.76 or 0.00009349 BTC.
• Bitcoin Cash (BCH) traded 0.7% lower against the dollar and now trades at $440.86 or 0.00422435 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $26.23 or 0.00025135 BTC.
• Monero (XMR) traded 0.7% higher against the dollar and now trades at $210.36 or 0.00201566 BTC.
• IOTA (MIOTA) traded 4.4% lower against the dollar and now trades at $0.33 or 0.00000316 BTC.
• Bitcoin SV (BSV) traded 0.2% higher against the dollar and now trades at $52.51 or 0.00050318 BTC.
• Arweave (AR) traded down 3.8% against the dollar and now trades at $14.74 or 0.00014120 BTC.

About Dero

Dero (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. 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.

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.”

Buying and Selling Dero

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

DERO/USD price chart by TradingView