Dero Hits 1-Day Volume of $7,944.83 (DERO)

Dero (DERO) traded down 1.5% against the U.S. dollar during the 24-hour period ending at 18:00 PM Eastern on April 27th. One Dero coin can currently be purchased for about $3.02 or 0.00004776 BTC on major exchanges. Dero has a total market capitalization of $43.25 million and approximately $7,944.83 worth of Dero was traded on exchanges in the last day. In the last week, Dero has traded down 11.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $63,276.32 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.6% against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $474.64 or 0.00750247 BTC.
• Litecoin (LTC) traded 4.2% lower against the dollar and now trades at $83.93 or 0.00132671 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.80 or 0.00009166 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $27.55 or 0.00043542 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $122.22 or 0.00193194 BTC.
• Arweave (AR) traded 6.9% higher against the dollar and now trades at $33.47 or 0.00052907 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $66.71 or 0.00105445 BTC.
• eCash (XEC) traded down 1.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Coin Profile

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. The official website for Dero is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed 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.”

Buying and Selling Dero

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

DERO/USD price chart by TradingView