Dero (DERO) Price Hits $1.36 on Exchanges

Dero (DERO) traded 5.5% higher against the U.S. dollar during the 1-day period ending at 21:00 PM E.T. on October 6th. In the last week, Dero has traded down 9.6% against the U.S. dollar. Dero has a total market cap of $19.51 million and approximately $7,379.19 worth of Dero was traded on exchanges in the last day. One Dero coin can now be bought for approximately $1.36 or 0.00002141 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.8% higher against the dollar and now trades at $63,641.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% higher against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $327.12 or 0.00514005 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $6.01 or 0.00009444 BTC.
• Litecoin (LTC) traded up 1.9% against the dollar and now trades at $67.50 or 0.00106059 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $18.90 or 0.00029690 BTC.
• Monero (XMR) traded down 2.9% against the dollar and now trades at $148.31 or 0.00233035 BTC.
• Arweave (AR) traded 8.7% higher against the dollar and now trades at $20.11 or 0.00031594 BTC.
• Bitcoin SV (BSV) traded 2.8% higher against the dollar and now trades at $47.12 or 0.00074034 BTC.
• Conflux (CFX) traded up 6.7% against the dollar and now trades at $0.18 or 0.00000285 BTC.

About Dero

Dero (CRYPTO: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 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. The official website for Dero is dero.io. 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.”

Dero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView