Dero (DERO) Price Reaches $0.49 on Top Exchanges

Dero (DERO) traded down 18.8% against the dollar during the 1-day period ending at 8:00 AM ET on February 2nd. Dero has a market capitalization of $6.96 million and approximately $48,752.19 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for $0.49 or 0.00000494 BTC on cryptocurrency exchanges. During the last week, Dero has traded 24.8% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 3.3% lower against the dollar and now trades at $98,481.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 10.2% against the dollar and now trades at $0.29 or 0.00000297 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $9.70 or 0.00009850 BTC.
• Litecoin (LTC) traded 7.3% lower against the dollar and now trades at $115.06 or 0.00116830 BTC.
• Bitcoin Cash (BCH) traded 7.5% lower against the dollar and now trades at $392.61 or 0.00398667 BTC.
• Monero (XMR) traded 4.7% lower against the dollar and now trades at $226.87 or 0.00230370 BTC.
• Ethereum Classic (ETC) traded 8.1% lower against the dollar and now trades at $24.25 or 0.00024627 BTC.
• IOTA (MIOTA) traded down 12.6% against the dollar and now trades at $0.26 or 0.00000268 BTC.
• Bitcoin SV (BSV) traded down 8.2% against the dollar and now trades at $45.17 or 0.00045866 BTC.
• Arweave (AR) traded 12.9% lower against the dollar and now trades at $13.57 or 0.00013784 BTC.

About Dero

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis 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. The official website for Dero is dero.io. The official message board for Dero is forum.dero.io. 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.”

Dero Coin Trading

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

DERO/USD price chart by TradingView