Dero One Day Trading Volume Hits $8,411.74 (DERO)

Dero (DERO) traded 0.3% lower against the U.S. dollar during the 1-day period ending at 8:00 AM ET on April 23rd. One Dero coin can currently be bought for approximately $3.33 or 0.00005042 BTC on cryptocurrency exchanges. In the last week, Dero has traded 6.1% higher against the U.S. dollar. Dero has a market capitalization of $47.67 million and approximately $8,411.74 worth of Dero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $66,050.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.1% against the dollar and now trades at $0.16 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $506.76 or 0.00767239 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $84.23 or 0.00127531 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.77 or 0.00008729 BTC.
• Ethereum Classic (ETC) traded down 0.7% against the dollar and now trades at $27.89 or 0.00042231 BTC.
• Arweave (AR) traded 2.5% higher against the dollar and now trades at $34.50 or 0.00052228 BTC.
• Monero (XMR) traded up 0.7% against the dollar and now trades at $121.50 or 0.00183946 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $71.47 or 0.00108200 BTC.
• eCash (XEC) traded 1% lower 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. 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 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 possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView