Dero (DERO) Price Up 6.9% This Week

Dero (DERO) traded 9% higher against the U.S. dollar during the 1 day period ending at 23:00 PM ET on August 9th. Dero has a market cap of $20.04 million and $35,248.19 worth of Dero was traded on exchanges in the last 24 hours. During the last week, Dero has traded 6.9% higher against the U.S. dollar. One Dero coin can currently be bought for $1.40 or 0.00002308 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $60,661.85 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.5% against the dollar and now trades at $0.10 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $351.30 or 0.00579114 BTC.
• UNUS SED LEO (LEO) traded down 1.1% against the dollar and now trades at $5.79 or 0.00009539 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $60.61 or 0.00099914 BTC.
• Ethereum Classic (ETC) traded 1.5% lower against the dollar and now trades at $19.43 or 0.00032028 BTC.
• Monero (XMR) traded 3% lower against the dollar and now trades at $152.52 or 0.00251428 BTC.
• Arweave (AR) traded down 1.3% against the dollar and now trades at $22.15 or 0.00036515 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $42.04 or 0.00069295 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. 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. Dero’s official website 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.

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

DERO/USD price chart by TradingView