Dero (DERO) Price Tops $1.17 on Major Exchanges

Dero (DERO) traded 7% higher against the U.S. dollar during the 24-hour period ending at 14:00 PM E.T. on October 17th. During the last week, Dero has traded down 4.4% against the U.S. dollar. One Dero coin can now be bought for about $1.17 or 0.00001755 BTC on major cryptocurrency exchanges. Dero has a total market cap of $16.81 million and $15,367.16 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 down 1.3% against the dollar and now trades at $66,929.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.8% against the dollar and now trades at $0.12 or 0.00000181 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $362.76 or 0.00542004 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $6.10 or 0.00009108 BTC.
• Litecoin (LTC) traded 2.2% higher against the dollar and now trades at $71.92 or 0.00107463 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $155.79 or 0.00232770 BTC.
• Ethereum Classic (ETC) traded down 2.8% against the dollar and now trades at $18.82 or 0.00028118 BTC.
• Arweave (AR) traded 3.3% lower against the dollar and now trades at $18.22 or 0.00027230 BTC.
• Bitcoin SV (BSV) traded 2.9% lower against the dollar and now trades at $49.70 or 0.00074262 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

Dero (CRYPTO: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. Dero’s official website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board 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.

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 U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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