Dero Trading 5% Lower Over Last Week (DERO)

Dero (DERO) traded down 5.9% against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on September 21st. Dero has a market cap of $19.14 million and approximately $6,505.26 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded 5% lower against the U.S. dollar. One Dero coin can now be bought for about $1.34 or 0.00002121 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $63,029.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.11 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 0.9% lower against the dollar and now trades at $337.96 or 0.00536185 BTC.
• UNUS SED LEO (LEO) traded down 2.4% against the dollar and now trades at $5.60 or 0.00008877 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $65.53 or 0.00103968 BTC.
• Monero (XMR) traded 0.2% lower against the dollar and now trades at $177.89 or 0.00282235 BTC.
• Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $19.09 or 0.00030285 BTC.
• Arweave (AR) traded down 4.5% against the dollar and now trades at $19.87 or 0.00031521 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $48.64 or 0.00077170 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO: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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. 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.

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 presently 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 Gemini, Coinbase or Changelly. 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