Dero (DERO) Price Down 12.4% This Week

Dero (DERO) traded 7.4% lower against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on August 18th. Dero has a total market capitalization of $16.07 million and $8,915.48 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for approximately $1.12 or 0.00001874 BTC on major exchanges. Over the last week, Dero has traded 12.4% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $59,903.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.10 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 0.4% lower against the dollar and now trades at $343.98 or 0.00574217 BTC.
• UNUS SED LEO (LEO) traded 3.5% lower against the dollar and now trades at $5.77 or 0.00009632 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $66.82 or 0.00111551 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $19.01 or 0.00031740 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $150.88 or 0.00251867 BTC.
• Arweave (AR) traded up 0.2% against the dollar and now trades at $21.51 or 0.00035912 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $43.11 or 0.00071971 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero is dero.io. Dero’s official message board is forum.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 acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly 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