Dero (DERO) Price Reaches $1.35

Dero (DERO) traded 12.6% higher against the US dollar during the 1 day period ending at 7:00 AM ET on December 4th. One Dero coin can now be purchased for $1.35 or 0.00001405 BTC on cryptocurrency exchanges. Over the last seven days, Dero has traded up 9% against the US dollar. Dero has a market cap of $19.29 million and $16,839.71 worth of Dero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $95,931.99 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.8% against the dollar and now trades at $0.41 or 0.00000429 BTC.
• Bitcoin Cash (BCH) traded up 4.1% against the dollar and now trades at $564.04 or 0.00587961 BTC.
• Litecoin (LTC) traded 3.8% lower against the dollar and now trades at $127.46 or 0.00132863 BTC.
• UNUS SED LEO (LEO) traded 8.4% higher against the dollar and now trades at $9.58 or 0.00009989 BTC.
• Ethereum Classic (ETC) traded 6% higher against the dollar and now trades at $35.97 or 0.00037498 BTC.
• Monero (XMR) traded 17.3% higher against the dollar and now trades at $205.18 or 0.00213883 BTC.
• IOTA (MIOTA) traded 3.1% lower against the dollar and now trades at $0.53 or 0.00000550 BTC.
• Arweave (AR) traded 0.9% higher against the dollar and now trades at $27.23 or 0.00028389 BTC.
• Bitcoin SV (BSV) traded up 6.2% against the dollar and now trades at $79.00 or 0.00082349 BTC.

Dero Profile

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. The official website for Dero is dero.io. Dero’s official message board is forum.dero.io. 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.

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 U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView