Dero Trading Up 10.1% This Week (DERO)

Dero (DERO) traded 0.6% higher against the dollar during the 24 hour period ending at 21:00 PM ET on July 16th. Dero has a market capitalization of $26.36 million and approximately $27,118.57 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for approximately $1.84 or 0.00002813 BTC on cryptocurrency exchanges. During the last seven days, Dero has traded up 10.1% against the dollar.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $65,458.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.4% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $389.38 or 0.00594846 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $73.64 or 0.00112495 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.83 or 0.00008900 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $23.74 or 0.00036266 BTC.
• Monero (XMR) traded up 1.7% against the dollar and now trades at $162.93 or 0.00248911 BTC.
• Arweave (AR) traded up 12.2% against the dollar and now trades at $31.27 or 0.00047766 BTC.
• Bitcoin SV (BSV) traded up 3.7% against the dollar and now trades at $46.25 or 0.00070651 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. 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. 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. The official message board for Dero is forum.dero.io. The official website for Dero is dero.io.

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 U.S. dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView