Dero Price Reaches $3.10 (DERO)

Dero (DERO) traded down 2.9% against the dollar during the 24 hour period ending at 7:00 AM ET on April 26th. In the last week, Dero has traded 11% lower against the dollar. One Dero coin can now be bought for approximately $3.10 or 0.00004827 BTC on exchanges. Dero has a total market capitalization of $44.35 million and approximately $7,521.39 worth of Dero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $64,172.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.15 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $479.38 or 0.00746900 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $85.66 or 0.00133464 BTC.
• UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $5.85 or 0.00009108 BTC.
• Ethereum Classic (ETC) traded 2.8% higher against the dollar and now trades at $26.84 or 0.00041818 BTC.
• Monero (XMR) traded up 1.8% against the dollar and now trades at $120.59 or 0.00187893 BTC.
• Arweave (AR) traded 0% higher against the dollar and now trades at $32.70 or 0.00050948 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $65.78 or 0.00102495 BTC.
• eCash (XEC) traded up 4.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Coin Profile

Dero (CRYPTO: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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website 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 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, 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