Dero Trading 14.7% Lower Over Last Week (DERO)

Dero (DERO) traded 5.4% lower against the dollar during the twenty-four hour period ending at 17:00 PM ET on August 5th. Dero has a total market capitalization of $16.16 million and $11,867.83 worth of Dero was traded on exchanges in the last day. One Dero coin can now be purchased for approximately $1.13 or 0.00002086 BTC on exchanges. Over the last week, Dero has traded 14.7% lower against the dollar.

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

• Bitcoin (BTC) traded down 6.5% against the dollar and now trades at $54,140.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 10.2% lower against the dollar and now trades at $0.0942 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 11.2% against the dollar and now trades at $306.07 or 0.00565660 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $5.69 or 0.00010508 BTC.
• Litecoin (LTC) traded down 11.9% against the dollar and now trades at $55.85 or 0.00103219 BTC.
• Monero (XMR) traded down 3.6% against the dollar and now trades at $146.03 or 0.00269885 BTC.
• Ethereum Classic (ETC) traded 8.3% lower against the dollar and now trades at $17.62 or 0.00032562 BTC.
• Arweave (AR) traded down 8.3% against the dollar and now trades at $19.64 or 0.00036294 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 12.1% lower against the dollar and now trades at $35.70 or 0.00065975 BTC.

Dero Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was 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 website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.”

Dero Coin Trading

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

DERO/USD price chart by TradingView