Dero Price Hits $1.14 on Top Exchanges (DERO)

Dero (DERO) traded 3.6% lower against the dollar during the 1-day period ending at 22:00 PM E.T. on November 2nd. Dero has a total market capitalization of $16.34 million and approximately $6,157.22 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for about $1.14 or 0.00001676 BTC on popular cryptocurrency exchanges. In the last week, Dero has traded down 21.8% against the dollar.

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

• Bitcoin (BTC) traded down 2.4% against the dollar and now trades at $68,151.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.2% lower against the dollar and now trades at $0.15 or 0.00000225 BTC.
• Bitcoin Cash (BCH) traded 0.7% lower against the dollar and now trades at $349.83 or 0.00513311 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008881 BTC.
• Litecoin (LTC) traded down 3.9% against the dollar and now trades at $68.22 or 0.00100095 BTC.
• Monero (XMR) traded down 1.9% against the dollar and now trades at $155.92 or 0.00228787 BTC.
• Ethereum Classic (ETC) traded down 3.4% against the dollar and now trades at $17.96 or 0.00026355 BTC.
• Bitcoin SV (BSV) traded 4.5% lower against the dollar and now trades at $47.77 or 0.00070090 BTC.
• Arweave (AR) traded down 5.1% against the dollar and now trades at $14.22 or 0.00020860 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 genesis date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official message board is forum.dero.io. The official website for Dero is dero.io. 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 currently 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView