Dero (DERO) Price Reaches $1.12 on Top Exchanges

Dero (DERO) traded up 1.7% against the dollar during the twenty-four hour period ending at 7:00 AM ET on November 5th. During the last seven days, Dero has traded down 11.8% against the dollar. One Dero coin can currently be purchased for approximately $1.12 or 0.00001629 BTC on popular exchanges. Dero has a market capitalization of $16.06 million and $6,657.17 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 up 0.2% against the dollar and now trades at $68,890.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.8% higher against the dollar and now trades at $0.17 or 0.00000249 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $339.29 or 0.00492508 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008780 BTC.
• Litecoin (LTC) traded down 0.3% against the dollar and now trades at $66.73 or 0.00096866 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $159.49 or 0.00231508 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $18.01 or 0.00026137 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $46.55 or 0.00067571 BTC.
• Arweave (AR) traded 2.6% lower against the dollar and now trades at $13.52 or 0.00019619 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. 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. The official message board for Dero 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. The official website for Dero is 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 possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView