Dero Price Hits $3.22 on Top Exchanges (DERO)

Dero (DERO) traded 12% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on May 4th. In the last seven days, Dero has traded up 7.5% against the U.S. dollar. One Dero coin can now be purchased for approximately $3.22 or 0.00005042 BTC on exchanges. Dero has a total market capitalization of $46.14 million and $9,201.41 worth of Dero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 5.4% against the dollar and now trades at $63,931.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 20.7% higher against the dollar and now trades at $0.16 or 0.00000251 BTC.
• Bitcoin Cash (BCH) traded up 8.8% against the dollar and now trades at $473.60 or 0.00740796 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $82.32 or 0.00128757 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.86 or 0.00009172 BTC.
• Ethereum Classic (ETC) traded 5.3% higher against the dollar and now trades at $27.06 or 0.00042328 BTC.
• Monero (XMR) traded up 1.1% against the dollar and now trades at $123.72 or 0.00193524 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $34.74 or 0.00054340 BTC.
• Bitcoin SV (BSV) traded up 11.4% against the dollar and now trades at $65.54 or 0.00102514 BTC.
• eCash (XEC) traded 11.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Profile

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 website is dero.io. 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 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 US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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