Dero Trading Down 12.2% This Week (DERO)

Dero (DERO) traded up 0.1% against the U.S. dollar during the 1-day period ending at 18:00 PM ET on April 29th. Dero has a total market cap of $43.37 million and $6,046.27 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be bought for $3.03 or 0.00004751 BTC on popular cryptocurrency exchanges. Over the last week, Dero has traded down 12.2% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $63,775.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.3% against the dollar and now trades at $0.14 or 0.00000225 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $466.59 or 0.00731620 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $83.23 or 0.00130508 BTC.
• UNUS SED LEO (LEO) traded 1.9% higher against the dollar and now trades at $5.86 or 0.00009196 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $27.51 or 0.00043132 BTC.
• Arweave (AR) traded 0.5% lower against the dollar and now trades at $36.00 or 0.00056445 BTC.
• Monero (XMR) traded 0.9% lower against the dollar and now trades at $127.00 or 0.00199133 BTC.
• Bitcoin SV (BSV) traded 2.3% lower against the dollar and now trades at $65.22 or 0.00102263 BTC.
• eCash (XEC) traded 1.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Coin Profile

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. The official message board for Dero is forum.dero.io. Dero’s official website is dero.io. 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.

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 U.S. dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView