Dero (DERO) Trading 13.1% Lower Over Last Week

Dero (DERO) traded 4.1% lower against the dollar during the 24-hour period ending at 12:00 PM Eastern on May 1st. One Dero coin can now be purchased for approximately $2.78 or 0.00004849 BTC on exchanges. During the last seven days, Dero has traded down 13.1% against the dollar. Dero has a total market cap of $39.77 million and approximately $9,339.84 worth of Dero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 5% lower against the dollar and now trades at $57,299.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.8% lower against the dollar and now trades at $0.12 or 0.00000213 BTC.
• Bitcoin Cash (BCH) traded down 5% against the dollar and now trades at $404.57 or 0.00706065 BTC.
• Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $77.29 or 0.00134891 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.81 or 0.00010137 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $24.58 or 0.00042896 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $119.46 or 0.00208491 BTC.
• Arweave (AR) traded down 17% against the dollar and now trades at $26.98 or 0.00047094 BTC.
• Bitcoin SV (BSV) traded down 5.5% against the dollar and now trades at $56.27 or 0.00098199 BTC.
• eCash (XEC) traded down 5.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

Dero (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 official message board for Dero is forum.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 U.S. dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView