Dero Price Tops $1.18 on Exchanges (DERO)

Dero (DERO) traded 9% higher against the U.S. dollar during the one day period ending at 15:00 PM ET on November 5th. One Dero coin can currently be bought for about $1.18 or 0.00001684 BTC on major cryptocurrency exchanges. Dero has a total market capitalization of $16.85 million and $7,083.23 worth of Dero was traded on exchanges in the last day. During the last seven days, Dero has traded 1.7% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.9% higher against the dollar and now trades at $69,890.27 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.5% against the dollar and now trades at $0.17 or 0.00000248 BTC.
• Bitcoin Cash (BCH) traded up 2.3% against the dollar and now trades at $341.22 or 0.00488218 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $6.05 or 0.00008650 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $66.42 or 0.00095034 BTC.
• Monero (XMR) traded 0.7% lower against the dollar and now trades at $158.91 or 0.00227376 BTC.
• Ethereum Classic (ETC) traded 2.1% higher against the dollar and now trades at $18.22 or 0.00026066 BTC.
• Bitcoin SV (BSV) traded up 3.4% against the dollar and now trades at $47.08 or 0.00067360 BTC.
• Arweave (AR) traded up 2.8% against the dollar and now trades at $13.69 or 0.00019595 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. 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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.”

Dero Coin Trading

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