Dero (DERO) Price Down 2.9% Over Last Week

Dero (DERO) traded up 3.6% against the US dollar during the 24-hour period ending at 19:00 PM ET on May 3rd. Dero has a total market cap of $42.72 million and approximately $6,603.63 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded down 2.9% against the US dollar. One Dero coin can currently be purchased for approximately $2.98 or 0.00004751 BTC on major exchanges.

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

• Bitcoin (BTC) traded 6.4% higher against the dollar and now trades at $62,815.92 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.7% against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded up 5% against the dollar and now trades at $453.21 or 0.00721492 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $82.02 or 0.00130578 BTC.
• UNUS SED LEO (LEO) traded down 1.2% against the dollar and now trades at $5.86 or 0.00009327 BTC.
• Ethereum Classic (ETC) traded 5.1% higher against the dollar and now trades at $27.16 or 0.00043237 BTC.
• Monero (XMR) traded 2.1% higher against the dollar and now trades at $126.04 or 0.00200653 BTC.
• Arweave (AR) traded down 1.3% against the dollar and now trades at $35.15 or 0.00055959 BTC.
• Bitcoin SV (BSV) traded up 5.8% against the dollar and now trades at $63.17 or 0.00100562 BTC.
• eCash (XEC) traded 4.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

Dero (CRYPTO: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 official website for Dero is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.

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 currently possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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