Dero Price Up 27.9% This Week (DERO)

Dero (DERO) traded 1.6% lower against the dollar during the 1 day period ending at 12:00 PM ET on October 23rd. One Dero coin can now be purchased for approximately $1.38 or 0.00002099 BTC on major exchanges. Dero has a total market capitalization of $19.82 million and $6,727.24 worth of Dero was traded on exchanges in the last 24 hours. During the last seven days, Dero has traded 27.9% higher against the dollar.

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

• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $65,893.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded down 3.2% against the dollar and now trades at $345.23 or 0.00523252 BTC.
• UNUS SED LEO (LEO) traded 3% higher against the dollar and now trades at $6.07 or 0.00009207 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $68.92 or 0.00104451 BTC.
• Monero (XMR) traded down 0.9% against the dollar and now trades at $156.12 or 0.00236628 BTC.
• Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $18.61 or 0.00028206 BTC.
• Arweave (AR) traded down 3.7% against the dollar and now trades at $17.68 or 0.00026794 BTC.
• Bitcoin SV (BSV) traded down 3.3% against the dollar and now trades at $46.48 or 0.00070450 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. 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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is dero.io. 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.

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.”

Buying and Selling Dero

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