Dero Hits 1-Day Trading Volume of $9,174.71 (DERO)

Dero (DERO) traded 1.5% lower against the US dollar during the 24-hour period ending at 12:00 PM E.T. on April 17th. Dero has a total market cap of $43.83 million and $9,174.71 worth of Dero was traded on exchanges in the last day. One Dero coin can now be bought for about $3.06 or 0.00005077 BTC on cryptocurrency exchanges. During the last week, Dero has traded 25.4% lower against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 3% against the dollar and now trades at $60,323.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.15 or 0.00000242 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $452.57 or 0.00750245 BTC.
• Litecoin (LTC) traded down 0.6% against the dollar and now trades at $77.27 or 0.00128098 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.88 or 0.00009752 BTC.
• Ethereum Classic (ETC) traded 1.5% lower against the dollar and now trades at $24.86 or 0.00041212 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $117.22 or 0.00194321 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $24.17 or 0.00040066 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $64.34 or 0.00106652 BTC.
• eCash (XEC) traded 4.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

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

Buying and Selling Dero

It is usually not possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView