Dero (DERO) Trading 22.8% Lower Over Last Week

Dero (DERO) traded down 4.3% against the U.S. dollar during the 24 hour period ending at 17:00 PM Eastern on November 2nd. One Dero coin can now be purchased for about $1.13 or 0.00001626 BTC on popular exchanges. Dero has a total market capitalization of $16.16 million and approximately $5,532.58 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded 22.8% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $69,440.92 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.16 or 0.00000229 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $353.39 or 0.00508906 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008718 BTC.
• Litecoin (LTC) traded down 1.3% against the dollar and now trades at $69.33 or 0.00099847 BTC.
• Monero (XMR) traded down 1.5% against the dollar and now trades at $153.15 or 0.00220541 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $18.13 or 0.00026113 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $49.20 or 0.00070858 BTC.
• Arweave (AR) traded 1.7% lower against the dollar and now trades at $14.44 or 0.00020789 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 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 Coinbase, GDAX or Changelly. 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