Dero Trading 19.8% Higher This Week (DERO)

Dero (DERO) traded 15.2% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM Eastern on September 11th. One Dero coin can now be bought for about $1.44 or 0.00002484 BTC on popular cryptocurrency exchanges. In the last week, Dero has traded up 19.8% against the U.S. dollar. Dero has a total market cap of $20.55 million and $19,043.17 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $57,808.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.10 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 3.4% higher against the dollar and now trades at $339.82 or 0.00587845 BTC.
• UNUS SED LEO (LEO) traded down 2.6% against the dollar and now trades at $5.55 or 0.00009597 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $62.28 or 0.00107734 BTC.
• Monero (XMR) traded 3.7% higher against the dollar and now trades at $173.44 or 0.00300031 BTC.
• Ethereum Classic (ETC) traded down 0.2% against the dollar and now trades at $18.53 or 0.00032059 BTC.
• Arweave (AR) traded 3.1% higher against the dollar and now trades at $20.31 or 0.00035137 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $49.89 or 0.00086304 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 official message board for Dero 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.

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 presently 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 Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView