Dero (DERO) Price Hits $3.03

Dero (DERO) traded up 0.2% against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on April 28th. One Dero coin can now be bought for approximately $3.03 or 0.00004787 BTC on popular exchanges. Dero has a total market capitalization of $43.33 million and $7,819.76 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded 9.2% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $63,240.58 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.8% against the dollar and now trades at $0.15 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 1.2% lower against the dollar and now trades at $473.12 or 0.00748169 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $84.72 or 0.00133973 BTC.
• UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $5.76 or 0.00009113 BTC.
• Ethereum Classic (ETC) traded 2% higher against the dollar and now trades at $28.34 or 0.00044821 BTC.
• Arweave (AR) traded 7.3% higher against the dollar and now trades at $36.15 or 0.00057173 BTC.
• Monero (XMR) traded 4.6% higher against the dollar and now trades at $127.40 or 0.00201461 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $65.91 or 0.00104223 BTC.
• eCash (XEC) traded down 3.1% 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. 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 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. 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 buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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