Dero (DERO) Trading Down 21.8% This Week

Dero (DERO) traded down 2.2% against the dollar during the 24 hour period ending at 10:00 AM E.T. on November 2nd. Over the last week, Dero has traded down 21.8% against the dollar. Dero has a market capitalization of $16.19 million and $6,138.42 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for $1.13 or 0.00001628 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 2.7% lower against the dollar and now trades at $69,473.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.3% lower against the dollar and now trades at $0.16 or 0.00000226 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $345.22 or 0.00496911 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008705 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $70.06 or 0.00100847 BTC.
• Monero (XMR) traded down 2.8% against the dollar and now trades at $154.98 or 0.00223083 BTC.
• Ethereum Classic (ETC) traded down 3.1% against the dollar and now trades at $18.13 or 0.00026095 BTC.
• Bitcoin SV (BSV) traded 4.9% lower against the dollar and now trades at $48.78 or 0.00070221 BTC.
• Arweave (AR) traded 8.3% lower against the dollar and now trades at $14.45 or 0.00020805 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero 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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official website for Dero is dero.io. Dero’s official message board is forum.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 buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView