Dero Trading 11.9% Higher Over Last Week (DERO)

Dero (DERO) traded up 4.6% against the U.S. dollar during the one day period ending at 10:00 AM ET on September 17th. One Dero coin can currently be bought for approximately $1.34 or 0.00002267 BTC on exchanges. Over the last seven days, Dero has traded 11.9% higher against the U.S. dollar. Dero has a market capitalization of $19.14 million and approximately $8,678.29 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $58,990.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.4% against the dollar and now trades at $0.0999 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded up 0% against the dollar and now trades at $312.47 or 0.00529687 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.68 or 0.00009635 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $62.52 or 0.00105976 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $171.41 or 0.00290565 BTC.
• Ethereum Classic (ETC) traded up 0.3% against the dollar and now trades at $17.77 or 0.00030124 BTC.
• Arweave (AR) traded 3.3% lower against the dollar and now trades at $18.32 or 0.00031053 BTC.
• Bitcoin SV (BSV) traded up 1.5% against the dollar and now trades at $46.54 or 0.00078902 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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

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 US dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView