Dero (DERO) Trading 3.2% Higher This Week

Dero (DERO) traded 0.9% lower against the US dollar during the twenty-four hour period ending at 8:00 AM ET on December 24th. One Dero coin can currently be purchased for approximately $0.87 or 0.00000926 BTC on major cryptocurrency exchanges. Over the last week, Dero has traded 3.2% higher against the US dollar. Dero has a market cap of $12.48 million and $20,308.92 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 2% against the dollar and now trades at $94,161.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.3% against the dollar and now trades at $0.32 or 0.00000340 BTC.
• Bitcoin Cash (BCH) traded up 4% against the dollar and now trades at $463.10 or 0.00491814 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.43 or 0.00010012 BTC.
• Litecoin (LTC) traded up 3.7% against the dollar and now trades at $106.93 or 0.00113564 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $27.16 or 0.00028842 BTC.
• Monero (XMR) traded 3% lower against the dollar and now trades at $187.23 or 0.00198838 BTC.
• Zcash (ZEC) traded 14.9% higher against the dollar and now trades at $69.73 or 0.00074054 BTC.
• IOTA (MIOTA) traded 5.9% higher against the dollar and now trades at $0.32 or 0.00000340 BTC.
• Arweave (AR) traded up 5.1% against the dollar and now trades at $17.14 or 0.00018201 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. 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. The official message board for Dero is forum.dero.io. 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.”

Dero Coin Trading

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