Dero (DERO) Trading Down 10.5% Over Last 7 Days

Dero (DERO) traded 1.5% lower against the dollar during the one day period ending at 12:00 PM ET on May 23rd. Over the last week, Dero has traded 10.5% lower against the dollar. One Dero coin can currently be bought for $2.75 or 0.00004030 BTC on major exchanges. Dero has a market capitalization of $39.31 million and $10,793.20 worth of Dero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 2.8% against the dollar and now trades at $68,203.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.5% lower against the dollar and now trades at $0.16 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $490.57 or 0.00719826 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $86.08 or 0.00126313 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.99 or 0.00008788 BTC.
• Ethereum Classic (ETC) traded up 8.6% against the dollar and now trades at $33.15 or 0.00048637 BTC.
• Arweave (AR) traded down 7.1% against the dollar and now trades at $41.33 or 0.00060644 BTC.
• Monero (XMR) traded 1.7% higher against the dollar and now trades at $138.22 or 0.00202814 BTC.
• Bitcoin SV (BSV) traded down 4.8% against the dollar and now trades at $63.99 or 0.00093899 BTC.
• eCash (XEC) traded 3.9% lower 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 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. The official message board for Dero is forum.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 purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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