Dero 24-Hour Volume Reaches $8,968.47 (DERO)

Dero (DERO) traded down 3.7% against the dollar during the twenty-four hour period ending at 8:00 AM ET on April 27th. In the last seven days, Dero has traded 10.7% lower against the dollar. Dero has a total market cap of $42.82 million and approximately $8,968.47 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can now be purchased for approximately $2.99 or 0.00004761 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 1.6% against the dollar and now trades at $62,831.42 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.8% against the dollar and now trades at $0.14 or 0.00000229 BTC.
• Bitcoin Cash (BCH) traded down 2.5% against the dollar and now trades at $469.33 or 0.00746993 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $85.21 or 0.00135621 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.81 or 0.00009241 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $26.51 or 0.00042188 BTC.
• Monero (XMR) traded down 0.5% against the dollar and now trades at $120.32 or 0.00191509 BTC.
• Arweave (AR) traded 5.8% lower against the dollar and now trades at $30.87 or 0.00049128 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $64.87 or 0.00103253 BTC.
• eCash (XEC) traded down 3.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on 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. 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 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 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView