Dero (DERO) Trading Up 36.2% This Week

Dero (DERO) traded 5.1% higher against the US dollar during the 24-hour period ending at 17:00 PM E.T. on October 22nd. One Dero coin can now be purchased for approximately $1.40 or 0.00002080 BTC on exchanges. Dero has a total market capitalization of $20.06 million and $8,079.09 worth of Dero was traded on exchanges in the last 24 hours. Over the last week, Dero has traded up 36.2% against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $67,391.21 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.2% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $356.45 or 0.00528925 BTC.
• UNUS SED LEO (LEO) traded 1.7% lower against the dollar and now trades at $5.99 or 0.00008892 BTC.
• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $69.83 or 0.00103616 BTC.
• Monero (XMR) traded 1.5% higher against the dollar and now trades at $157.38 or 0.00233528 BTC.
• Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $18.97 or 0.00028145 BTC.
• Arweave (AR) traded down 1.5% against the dollar and now trades at $18.40 or 0.00027303 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $48.09 or 0.00071353 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About 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 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 possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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