Dero (DERO) Trading 13.9% Lower Over Last 7 Days

Dero (DERO) traded down 5.1% against the dollar during the one day period ending at 20:00 PM Eastern on April 16th. Over the last seven days, Dero has traded down 13.9% against the dollar. One Dero coin can currently be bought for about $3.19 or 0.00004996 BTC on cryptocurrency exchanges. Dero has a market capitalization of $45.60 million and $10,657.11 worth of Dero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $63,767.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.4% against the dollar and now trades at $0.16 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $482.80 or 0.00757120 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $79.77 or 0.00125095 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.88 or 0.00009227 BTC.
• Ethereum Classic (ETC) traded 0.7% lower against the dollar and now trades at $26.10 or 0.00040928 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $122.01 or 0.00191341 BTC.
• Arweave (AR) traded 3% lower against the dollar and now trades at $24.49 or 0.00038401 BTC.
• Bitcoin SV (BSV) traded up 0.6% against the dollar and now trades at $66.71 or 0.00104619 BTC.
• eCash (XEC) traded down 0.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Coin Profile

Dero (CRYPTO: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 Twitter account is @deroproject and its Facebook page is accessible here. 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 message board 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.”

Buying and Selling Dero

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView