Dero (DERO) Price Reaches $1.22 on Major Exchanges

Dero (DERO) traded 0.4% higher against the U.S. dollar during the 1 day period ending at 22:00 PM Eastern on October 12th. One Dero coin can now be bought for about $1.22 or 0.00001931 BTC on popular exchanges. Dero has a market capitalization of $17.40 million and approximately $6,638.73 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded down 5.8% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $62,934.73 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.1% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 0% higher against the dollar and now trades at $327.34 or 0.00519912 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.08 or 0.00009662 BTC.
• Litecoin (LTC) traded up 0.2% against the dollar and now trades at $65.80 or 0.00104515 BTC.
• Monero (XMR) traded down 0.5% against the dollar and now trades at $151.64 or 0.00240853 BTC.
• Ethereum Classic (ETC) traded 0% lower against the dollar and now trades at $18.65 or 0.00029626 BTC.
• Arweave (AR) traded 1.1% higher against the dollar and now trades at $19.14 or 0.00030400 BTC.
• Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $45.54 or 0.00072326 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. Dero’s official message board is forum.dero.io. Dero’s official website is dero.io. 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.

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 US dollars. Investors seeking to acquire 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