Dero (DERO) Price Tops $0.69 on Major Exchanges

Dero (DERO) traded 4.8% lower against the US dollar during the 1-day period ending at 8:00 AM E.T. on January 29th. In the last seven days, Dero has traded down 11.1% against the US dollar. One Dero coin can now be purchased for about $0.69 or 0.00000677 BTC on popular cryptocurrency exchanges. Dero has a total market cap of $9.90 million and approximately $16,106.34 worth of Dero was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $102,272.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.3% lower against the dollar and now trades at $0.33 or 0.00000319 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.73 or 0.00009517 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $112.78 or 0.00110272 BTC.
• Bitcoin Cash (BCH) traded 3.5% lower against the dollar and now trades at $411.95 or 0.00402795 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $224.15 or 0.00219172 BTC.
• Ethereum Classic (ETC) traded 0.9% lower against the dollar and now trades at $25.38 or 0.00024812 BTC.
• IOTA (MIOTA) traded 4.2% lower against the dollar and now trades at $0.29 or 0.00000280 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $48.34 or 0.00047267 BTC.
• Arweave (AR) traded down 2.7% against the dollar and now trades at $12.76 or 0.00012478 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. Dero’s official message board is forum.dero.io. The official website for Dero 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 currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView