Dero (DERO) Price Reaches $2.22 on Exchanges

Dero (DERO) traded 1.6% lower against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on June 19th. Dero has a market cap of $31.75 million and approximately $7,584.19 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for approximately $2.22 or 0.00003410 BTC on popular exchanges. During the last week, Dero has traded 9.6% lower against the dollar.

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

• Bitcoin (BTC) traded 0% higher against the dollar and now trades at $65,052.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% higher against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Bitcoin Cash (BCH) traded up 0% against the dollar and now trades at $388.29 or 0.00596877 BTC.
• Litecoin (LTC) traded up 2.5% against the dollar and now trades at $74.21 or 0.00114071 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.73 or 0.00008804 BTC.
• Ethereum Classic (ETC) traded up 4.4% against the dollar and now trades at $24.01 or 0.00036914 BTC.
• Monero (XMR) traded 1.6% lower against the dollar and now trades at $169.32 or 0.00260276 BTC.
• Arweave (AR) traded 7.8% higher against the dollar and now trades at $27.96 or 0.00042983 BTC.
• Bitcoin SV (BSV) traded up 2.9% against the dollar and now trades at $44.19 or 0.00067934 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView