Dero (DERO) Price Tops $1.38

Dero (DERO) traded 0.3% lower against the U.S. dollar during the 1-day period ending at 12:00 PM E.T. on October 24th. Over the last seven days, Dero has traded up 14.7% against the U.S. dollar. One Dero coin can now be bought for about $1.38 or 0.00002051 BTC on cryptocurrency exchanges. Dero has a market cap of $19.78 million and approximately $5,962.51 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $67,365.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.3% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded up 4% against the dollar and now trades at $359.30 or 0.00533360 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $6.12 or 0.00009078 BTC.
• Litecoin (LTC) traded 2.9% higher against the dollar and now trades at $70.92 or 0.00105280 BTC.
• Monero (XMR) traded 1% lower against the dollar and now trades at $154.78 or 0.00229765 BTC.
• Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $18.70 or 0.00027758 BTC.
• Arweave (AR) traded up 2.6% against the dollar and now trades at $18.13 or 0.00026918 BTC.
• Bitcoin SV (BSV) traded 2.4% higher against the dollar and now trades at $47.62 or 0.00070696 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. 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 Twitter account is @deroproject and its Facebook page is accessible here. 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.

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 currently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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