Dero Trading Up 8.7% Over Last Week (DERO)

Dero (DERO) traded up 6.3% against the US dollar during the 24 hour period ending at 8:00 AM E.T. on August 31st. Over the last seven days, Dero has traded up 8.7% against the US dollar. Dero has a market cap of $15.67 million and approximately $6,631.59 worth of Dero was traded on exchanges in the last day. One Dero coin can now be purchased for about $1.10 or 0.00001852 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $59,144.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.10 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 0.5% against the dollar and now trades at $323.70 or 0.00547296 BTC.
• UNUS SED LEO (LEO) traded up 4.6% against the dollar and now trades at $6.05 or 0.00010235 BTC.
• Litecoin (LTC) traded 3.3% higher against the dollar and now trades at $65.80 or 0.00111258 BTC.
• Monero (XMR) traded up 3.9% against the dollar and now trades at $170.10 or 0.00287598 BTC.
• Ethereum Classic (ETC) traded down 0.7% against the dollar and now trades at $18.39 or 0.00031090 BTC.
• Arweave (AR) traded down 2.7% against the dollar and now trades at $21.74 or 0.00036763 BTC.
• Bitcoin SV (BSV) traded 0.7% lower against the dollar and now trades at $42.55 or 0.00071935 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. Dero’s official website is dero.io. The official message board for Dero is forum.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 presently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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