Dero (DERO) Trading Down 5.4% This Week

Dero (DERO) traded 4.5% higher against the US dollar during the 24-hour period ending at 7:00 AM E.T. on July 6th. Dero has a total market capitalization of $25.13 million and $15,480.48 worth of Dero was traded on exchanges in the last 24 hours. Over the last week, Dero has traded down 5.4% against the US dollar. One Dero coin can now be purchased for approximately $1.76 or 0.00003094 BTC on exchanges.

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

• Bitcoin (BTC) traded 2.5% higher against the dollar and now trades at $56,749.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.6% against the dollar and now trades at $0.11 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded 7.5% higher against the dollar and now trades at $330.58 or 0.00582522 BTC.
• UNUS SED LEO (LEO) traded 1.8% higher against the dollar and now trades at $5.78 or 0.00010190 BTC.
• Litecoin (LTC) traded 6.2% higher against the dollar and now trades at $63.08 or 0.00111147 BTC.
• Ethereum Classic (ETC) traded 8.6% higher against the dollar and now trades at $20.70 or 0.00036472 BTC.
• Monero (XMR) traded up 4.9% against the dollar and now trades at $154.28 or 0.00271859 BTC.
• Arweave (AR) traded up 5.4% against the dollar and now trades at $22.68 or 0.00039963 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 5.7% higher against the dollar and now trades at $35.96 or 0.00063360 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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website 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 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