Dero (DERO) Price Reaches $2.80 on Major Exchanges

Dero (DERO) traded 8.2% lower against the US dollar during the 1 day period ending at 22:00 PM E.T. on April 30th. Over the last seven days, Dero has traded down 14.9% against the US dollar. Dero has a market cap of $40.03 million and $9,184.30 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for about $2.80 or 0.00004692 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 6.5% against the dollar and now trades at $59,602.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 10% against the dollar and now trades at $0.13 or 0.00000218 BTC.
• Bitcoin Cash (BCH) traded 8.1% lower against the dollar and now trades at $425.62 or 0.00714104 BTC.
• Litecoin (LTC) traded down 5% against the dollar and now trades at $79.01 or 0.00132570 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $5.86 or 0.00009833 BTC.
• Ethereum Classic (ETC) traded down 9.3% against the dollar and now trades at $25.06 or 0.00042052 BTC.
• Monero (XMR) traded 7.2% lower against the dollar and now trades at $119.84 or 0.00201070 BTC.
• Arweave (AR) traded 15.8% lower against the dollar and now trades at $30.13 or 0.00050544 BTC.
• Bitcoin SV (BSV) traded down 10.9% against the dollar and now trades at $58.31 or 0.00097828 BTC.
• eCash (XEC) traded 8.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Coin 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 Twitter account is @deroproject and its Facebook page is accessible here. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official message board is forum.dero.io. Dero’s official website is dero.io.

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 US dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX 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