Dero (DERO) Price Hits $0.35 on Top Exchanges

Dero (DERO) traded 13.6% lower against the US dollar during the 1 day period ending at 8:00 AM E.T. on March 6th. One Dero coin can now be bought for approximately $0.35 or 0.00000386 BTC on major exchanges. During the last week, Dero has traded 30.2% lower against the US dollar. Dero has a market cap of $4.98 million and $60,492.93 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $90,186.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.8% against the dollar and now trades at $0.21 or 0.00000230 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $9.91 or 0.00010986 BTC.
• Litecoin (LTC) traded 3.2% higher against the dollar and now trades at $106.08 or 0.00117628 BTC.
• Bitcoin Cash (BCH) traded 3.5% higher against the dollar and now trades at $392.25 or 0.00434937 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $228.16 or 0.00252987 BTC.
• Ethereum Classic (ETC) traded 3.2% higher against the dollar and now trades at $20.48 or 0.00022706 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 0.3% against the dollar and now trades at $0.22 or 0.00000242 BTC.
• Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $36.44 or 0.00040408 BTC.

Dero Coin Profile

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded 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 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. The official message board for Dero 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 trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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