Dero Trading 2.2% Lower Over Last 7 Days (DERO)

Dero (DERO) traded 0.1% lower against the U.S. dollar during the one day period ending at 15:00 PM Eastern on August 16th. Over the last week, Dero has traded 2.2% lower against the U.S. dollar. Dero has a market capitalization of $17.41 million and $8,889.87 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for approximately $1.22 or 0.00002047 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 4.8% against the dollar and now trades at $59,428.17 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% higher against the dollar and now trades at $0.10 or 0.00000170 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $338.90 or 0.00570272 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.83 or 0.00009814 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $66.60 or 0.00112073 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $18.80 or 0.00031630 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $149.70 or 0.00251894 BTC.
• Arweave (AR) traded 4% higher against the dollar and now trades at $21.88 or 0.00036809 BTC.
• Bitcoin SV (BSV) traded up 0.6% against the dollar and now trades at $43.15 or 0.00072610 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis 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 Twitter account is @deroproject and its Facebook page is accessible here. 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. The official message board for Dero 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.”

Buying and Selling Dero

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 Gemini, 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