Dero (DERO) 1-Day Volume Tops $8,962.56

Dero (DERO) traded 6.9% higher against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on May 4th. In the last seven days, Dero has traded up 4.8% against the U.S. dollar. One Dero coin can currently be bought for approximately $3.14 or 0.00004935 BTC on popular exchanges. Dero has a total market capitalization of $44.91 million and approximately $8,962.56 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 3% against the dollar and now trades at $63,585.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 14.3% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded up 3.8% against the dollar and now trades at $464.37 or 0.00730314 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $82.11 or 0.00129136 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.81 or 0.00009135 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $27.10 or 0.00042627 BTC.
• Arweave (AR) traded 3.7% higher against the dollar and now trades at $36.55 or 0.00057478 BTC.
• Monero (XMR) traded 1.8% higher against the dollar and now trades at $126.20 or 0.00198474 BTC.
• Bitcoin SV (BSV) traded up 4.9% against the dollar and now trades at $65.28 or 0.00102672 BTC.
• eCash (XEC) traded up 5.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero 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 message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.

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 GDAX, Coinbase or Changelly. 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