Dero Price Hits $1.81 on Exchanges (DERO)

Dero (DERO) traded 1.5% lower against the U.S. dollar during the 24 hour period ending at 0:00 AM Eastern on July 2nd. Dero has a total market capitalization of $25.88 million and approximately $10,892.21 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for approximately $1.81 or 0.00002967 BTC on exchanges. During the last week, Dero has traded down 9.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded down 3.5% against the dollar and now trades at $60,935.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.3% lower against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded 3.4% lower against the dollar and now trades at $373.63 or 0.00613166 BTC.
• Litecoin (LTC) traded 1.2% higher against the dollar and now trades at $75.32 or 0.00123605 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $5.82 or 0.00009557 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $22.93 or 0.00037624 BTC.
• Monero (XMR) traded down 0.3% against the dollar and now trades at $169.39 or 0.00277978 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $27.37 or 0.00044922 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $43.62 or 0.00071576 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 launched 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 Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero is forum.dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website 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 possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView