Dero Trading Up 8.6% Over Last Week (DERO)

Dero (DERO) traded 6.3% higher against the U.S. dollar during the 1-day period ending at 10:00 AM ET on March 28th. Over the last seven days, Dero has traded up 8.6% against the U.S. dollar. One Dero coin can currently be bought for about $5.15 or 0.00007263 BTC on major exchanges. Dero has a market cap of $73.73 million and $20,446.35 worth of Dero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $70,927.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 18.5% higher against the dollar and now trades at $0.22 or 0.00000309 BTC.
• Bitcoin Cash (BCH) traded 12.6% higher against the dollar and now trades at $573.76 or 0.00808944 BTC.
• Litecoin (LTC) traded 0.5% higher against the dollar and now trades at $94.82 or 0.00133690 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.07 or 0.00008564 BTC.
• Ethereum Classic (ETC) traded up 2.6% against the dollar and now trades at $32.31 or 0.00045547 BTC.
• Arweave (AR) traded up 0.9% against the dollar and now trades at $42.44 or 0.00059837 BTC.
• Monero (XMR) traded down 2% against the dollar and now trades at $136.00 or 0.00191747 BTC.
• Conflux (CFX) traded up 0.6% against the dollar and now trades at $0.48 or 0.00000676 BTC.
• Bitcoin SV (BSV) traded 4% higher against the dollar and now trades at $92.55 or 0.00130479 BTC.

Dero Profile

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. 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. Dero’s official message board is forum.dero.io. 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView