Dero (DERO) Price Tops $0.99 on Top Exchanges

Dero (DERO) traded 2% lower against the US dollar during the twenty-four hour period ending at 8:00 AM ET on December 16th. Dero has a market capitalization of $14.19 million and $23,435.42 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for about $0.99 or 0.00000957 BTC on cryptocurrency exchanges. Over the last week, Dero has traded down 10.4% against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $103,601.28 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.39 or 0.00000381 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $524.82 or 0.00506605 BTC.
• UNUS SED LEO (LEO) traded 2.6% higher against the dollar and now trades at $9.57 or 0.00009236 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $116.40 or 0.00112357 BTC.
• Ethereum Classic (ETC) traded 2.1% lower against the dollar and now trades at $32.24 or 0.00031124 BTC.
• Monero (XMR) traded down 1% against the dollar and now trades at $212.56 or 0.00205183 BTC.
• Arweave (AR) traded 2.6% lower against the dollar and now trades at $21.18 or 0.00020445 BTC.
• IOTA (MIOTA) traded 5.3% lower against the dollar and now trades at $0.37 or 0.00000354 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $64.22 or 0.00061995 BTC.

Dero Coin Profile

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch 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 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. The official website for Dero is dero.io. 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.”

Dero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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