Dero (DERO) Trading 23.9% Lower Over Last Week

Dero (DERO) traded 9.3% lower against the US dollar during the 24 hour period ending at 15:00 PM Eastern on November 1st. During the last seven days, Dero has traded 23.9% lower against the US dollar. One Dero coin can currently be bought for approximately $1.16 or 0.00001677 BTC on major exchanges. Dero has a market capitalization of $16.65 million and $7,410.71 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 1.5% against the dollar and now trades at $69,357.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.5% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $349.42 or 0.00503792 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.05 or 0.00008729 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $70.06 or 0.00101007 BTC.
• Monero (XMR) traded 0.8% lower against the dollar and now trades at $155.72 or 0.00224524 BTC.
• Ethereum Classic (ETC) traded up 0.3% against the dollar and now trades at $18.53 or 0.00026716 BTC.
• Arweave (AR) traded down 0.7% against the dollar and now trades at $15.23 or 0.00021956 BTC.
• Bitcoin SV (BSV) traded down 1.3% against the dollar and now trades at $50.03 or 0.00072129 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

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 official website for Dero is 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. Dero’s official message board is forum.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 acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini 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