Dero (DERO) Price Tops $3.28 on Major Exchanges

Dero (DERO) traded 2.6% lower against the U.S. dollar during the 1-day period ending at 23:00 PM ET on April 23rd. One Dero coin can currently be purchased for approximately $3.28 or 0.00004925 BTC on major cryptocurrency exchanges. Dero has a total market capitalization of $46.97 million and approximately $7,998.39 worth of Dero was traded on exchanges in the last 24 hours. Over the last week, Dero has traded 3.1% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $66,621.11 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% higher against the dollar and now trades at $0.16 or 0.00000242 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $507.25 or 0.00761231 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $86.23 or 0.00129407 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.75 or 0.00008635 BTC.
• Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $28.18 or 0.00042287 BTC.
• Monero (XMR) traded down 0.3% against the dollar and now trades at $120.70 or 0.00181139 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $33.68 or 0.00050545 BTC.
• Bitcoin SV (BSV) traded 1.3% lower against the dollar and now trades at $71.53 or 0.00107344 BTC.
• eCash (XEC) traded down 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Dero

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. The official website for Dero 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. 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.”

Dero Coin Trading

It is usually not presently 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, Gemini or Coinbase. 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