Dero (DERO) Price Tops $2.82 on Exchanges

Dero (DERO) traded 2.3% higher against the US dollar during the 24 hour period ending at 20:00 PM Eastern on May 9th. One Dero coin can now be bought for approximately $2.82 or 0.00004476 BTC on popular exchanges. Dero has a market cap of $40.34 million and approximately $8,189.86 worth of Dero was traded on exchanges in the last day. In the last week, Dero has traded 2.4% lower against the US dollar.

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

• Bitcoin (BTC) traded 3% higher against the dollar and now trades at $62,964.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $454.76 or 0.00722256 BTC.
• Litecoin (LTC) traded 2% higher against the dollar and now trades at $82.97 or 0.00131772 BTC.
• UNUS SED LEO (LEO) traded 1.8% lower against the dollar and now trades at $5.83 or 0.00009252 BTC.
• Ethereum Classic (ETC) traded 1.7% higher against the dollar and now trades at $27.58 or 0.00043799 BTC.
• Arweave (AR) traded 10.9% higher against the dollar and now trades at $41.25 or 0.00065517 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $132.45 or 0.00210359 BTC.
• Bitcoin SV (BSV) traded up 4.8% against the dollar and now trades at $65.08 or 0.00103364 BTC.
• eCash (XEC) traded 2.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

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. The official message board for Dero 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.

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 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, Gemini or GDAX. 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