Dero (DERO) Trading Up 27.1% Over Last 7 Days

Dero (DERO) traded down 10.9% against the dollar during the 1 day period ending at 17:00 PM ET on October 21st. One Dero coin can currently be bought for $1.33 or 0.00001967 BTC on major exchanges. During the last seven days, Dero has traded up 27.1% against the dollar. Dero has a total market capitalization of $19.10 million and $9,759.20 worth of Dero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $67,835.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.9% against the dollar and now trades at $0.14 or 0.00000213 BTC.
• Bitcoin Cash (BCH) traded 0.1% lower against the dollar and now trades at $364.74 or 0.00537693 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $6.10 or 0.00008998 BTC.
• Litecoin (LTC) traded down 4% against the dollar and now trades at $71.02 or 0.00104701 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $19.56 or 0.00028830 BTC.
• Monero (XMR) traded 3.7% lower against the dollar and now trades at $154.94 or 0.00228411 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $18.72 or 0.00027590 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $49.33 or 0.00072726 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO: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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.”

Buying and Selling Dero

It is usually not presently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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