Dero (DERO) Trading Up 11.2% This Week

Dero (DERO) traded 3% lower against the dollar during the 1-day period ending at 7:00 AM Eastern on November 10th. One Dero coin can now be bought for about $1.26 or 0.00001587 BTC on major cryptocurrency exchanges. Dero has a total market capitalization of $18.02 million and approximately $6,550.15 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded 11.2% higher against the dollar.

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

• Bitcoin (BTC) traded 3.8% higher against the dollar and now trades at $79,348.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 17.7% higher against the dollar and now trades at $0.24 or 0.00000305 BTC.
• Bitcoin Cash (BCH) traded up 14.2% against the dollar and now trades at $429.50 or 0.00541283 BTC.
• Litecoin (LTC) traded up 4.2% against the dollar and now trades at $76.82 or 0.00096811 BTC.
• UNUS SED LEO (LEO) traded up 2% against the dollar and now trades at $6.20 or 0.00007812 BTC.
• Ethereum Classic (ETC) traded 11.2% higher against the dollar and now trades at $23.04 or 0.00029040 BTC.
• Monero (XMR) traded up 1.6% against the dollar and now trades at $164.56 or 0.00207391 BTC.
• Arweave (AR) traded 4.2% higher against the dollar and now trades at $19.12 or 0.00024101 BTC.
• Bitcoin SV (BSV) traded 17.9% higher against the dollar and now trades at $61.58 or 0.00077613 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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 Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero is forum.dero.io. The official website for Dero is 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.”

Dero Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView