Dero (DERO) 24-Hour Volume Hits $6,915.73

Dero (DERO) traded 1% higher against the U.S. dollar during the 24-hour period ending at 20:00 PM Eastern on May 5th. During the last week, Dero has traded up 4.9% against the U.S. dollar. Dero has a market cap of $45.32 million and $6,915.73 worth of Dero was traded on exchanges in the last day. One Dero coin can now be purchased for about $3.17 or 0.00004943 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $64,041.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.3% against the dollar and now trades at $0.16 or 0.00000251 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $469.12 or 0.00732326 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $81.34 or 0.00126985 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.81 or 0.00009077 BTC.
• Ethereum Classic (ETC) traded up 2.6% against the dollar and now trades at $27.66 or 0.00043184 BTC.
• Arweave (AR) traded 13.4% higher against the dollar and now trades at $40.55 or 0.00063299 BTC.
• Monero (XMR) traded up 8.8% against the dollar and now trades at $134.17 or 0.00209453 BTC.
• Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $64.73 or 0.00101041 BTC.
• eCash (XEC) traded down 0.9% 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 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.”

Dero Coin Trading

It is usually not presently 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 GDAX, 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