Dero Trading Down 12.6% Over Last 7 Days (DERO)

Dero (DERO) traded 1.8% higher against the dollar during the 24 hour period ending at 10:00 AM ET on August 7th. One Dero coin can currently be purchased for $1.27 or 0.00002248 BTC on exchanges. During the last seven days, Dero has traded down 12.6% against the dollar. Dero has a total market cap of $18.11 million and $9,332.22 worth of Dero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $56,274.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% lower against the dollar and now trades at $0.0977 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $315.46 or 0.00560575 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $5.79 or 0.00010283 BTC.
• Litecoin (LTC) traded 2.8% lower against the dollar and now trades at $57.07 or 0.00101418 BTC.
• Monero (XMR) traded down 0% against the dollar and now trades at $149.11 or 0.00264968 BTC.
• Ethereum Classic (ETC) traded 3.4% lower against the dollar and now trades at $17.88 or 0.00031778 BTC.
• Arweave (AR) traded down 5.3% against the dollar and now trades at $20.11 or 0.00035733 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 $39.10 or 0.00069486 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 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. The official message board for Dero 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 possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView