Dero (DERO) Price Hits $2.80

Dero (DERO) traded 1.6% lower against the dollar during the 1 day period ending at 9:00 AM E.T. on May 10th. In the last week, Dero has traded 4% lower against the dollar. One Dero coin can now be bought for approximately $2.80 or 0.00004443 BTC on major cryptocurrency exchanges. Dero has a market capitalization of $40.06 million and approximately $8,557.41 worth of Dero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2.5% higher against the dollar and now trades at $62,984.68 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% higher against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $449.74 or 0.00714048 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $83.14 or 0.00131993 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.95 or 0.00009444 BTC.
• Ethereum Classic (ETC) traded 1.5% higher against the dollar and now trades at $27.63 or 0.00043875 BTC.
• Arweave (AR) traded up 15.1% against the dollar and now trades at $44.20 or 0.00070176 BTC.
• Monero (XMR) traded up 1.4% against the dollar and now trades at $133.61 or 0.00212134 BTC.
• Bitcoin SV (BSV) traded 2.7% higher against the dollar and now trades at $65.03 or 0.00103254 BTC.
• eCash (XEC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website is dero.io. 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 currently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView