Dero Price Hits $1.86 on Top Exchanges (DERO)

Dero (DERO) traded 1% lower against the US dollar during the 24-hour period ending at 23:00 PM Eastern on June 28th. Dero has a market cap of $26.65 million and approximately $10,760.38 worth of Dero was traded on exchanges in the last 24 hours. During the last week, Dero has traded down 11.7% against the US dollar. One Dero coin can now be purchased for approximately $1.86 or 0.00003071 BTC on exchanges.

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

• Bitcoin (BTC) traded 1.9% lower against the dollar and now trades at $60,630.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.4% against the dollar and now trades at $0.12 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $384.61 or 0.00634341 BTC.
• Litecoin (LTC) traded down 0.2% against the dollar and now trades at $73.57 or 0.00121335 BTC.
• UNUS SED LEO (LEO) traded up 2.5% against the dollar and now trades at $5.92 or 0.00009761 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $23.65 or 0.00039007 BTC.
• Monero (XMR) traded 0.4% lower against the dollar and now trades at $166.25 or 0.00274207 BTC.
• Arweave (AR) traded up 3.6% against the dollar and now trades at $27.13 or 0.00044752 BTC.
• Bitcoin SV (BSV) traded down 2.3% against the dollar and now trades at $44.57 or 0.00073516 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was 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. 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. 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.”

Buying and Selling Dero

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