Dero (DERO) Trading Down 2.8% This Week

Dero (DERO) traded down 6.2% against the dollar during the 1-day period ending at 21:00 PM ET on July 31st. During the last seven days, Dero has traded down 2.8% against the dollar. Dero has a market cap of $20.11 million and $8,684.24 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for about $1.40 or 0.00002184 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $64,325.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% lower against the dollar and now trades at $0.12 or 0.00000190 BTC.
• Bitcoin Cash (BCH) traded down 4.6% against the dollar and now trades at $414.20 or 0.00643956 BTC.
• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $70.89 or 0.00110208 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.70 or 0.00008855 BTC.
• Ethereum Classic (ETC) traded 1.3% lower against the dollar and now trades at $21.97 or 0.00034159 BTC.
• Monero (XMR) traded 0.8% lower against the dollar and now trades at $156.98 or 0.00244062 BTC.
• Arweave (AR) traded down 1.6% against the dollar and now trades at $28.95 or 0.00045002 BTC.
• Bitcoin SV (BSV) traded 3.8% lower against the dollar and now trades at $49.36 or 0.00076734 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. Dero’s official message board 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. 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.”

Dero Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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