Dero (DERO) Trading Down 9.9% Over Last Week

Dero (DERO) traded up 3% against the dollar during the one day period ending at 14:00 PM ET on May 2nd. In the last week, Dero has traded down 9.9% against the dollar. One Dero coin can now be bought for $2.87 or 0.00004844 BTC on popular cryptocurrency exchanges. Dero has a total market capitalization of $41.14 million and approximately $9,658.26 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $59,285.99 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.13 or 0.00000225 BTC.
• Bitcoin Cash (BCH) traded up 2.2% against the dollar and now trades at $430.13 or 0.00724870 BTC.
• Litecoin (LTC) traded up 1.2% against the dollar and now trades at $80.95 or 0.00136428 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $5.92 or 0.00009980 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $25.78 or 0.00043445 BTC.
• Arweave (AR) traded 18.6% higher against the dollar and now trades at $34.57 or 0.00058265 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $120.64 or 0.00203306 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $59.38 or 0.00100074 BTC.
• eCash (XEC) traded 2.8% 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 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. The official message board for Dero is forum.dero.io. 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.

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 Coinbase, GDAX or Gemini. 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