Dero (DERO) Price Tops $2.82 on Exchanges

Dero (DERO) traded up 2.3% against the U.S. dollar during the 24 hour period ending at 20:00 PM ET on May 9th. Over the last week, Dero has traded down 2.4% against the U.S. dollar. One Dero coin can currently be purchased for $2.82 or 0.00004476 BTC on popular cryptocurrency exchanges. Dero has a market capitalization of $40.34 million and $8,189.86 worth of Dero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 3% higher against the dollar and now trades at $62,964.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $454.76 or 0.00722256 BTC.
• Litecoin (LTC) traded up 2% against the dollar and now trades at $82.97 or 0.00131772 BTC.
• UNUS SED LEO (LEO) traded 1.8% lower against the dollar and now trades at $5.83 or 0.00009252 BTC.
• Ethereum Classic (ETC) traded 1.7% higher against the dollar and now trades at $27.58 or 0.00043799 BTC.
• Arweave (AR) traded up 10.9% against the dollar and now trades at $41.25 or 0.00065517 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $132.45 or 0.00210359 BTC.
• Bitcoin SV (BSV) traded 4.8% higher against the dollar and now trades at $65.08 or 0.00103364 BTC.
• eCash (XEC) traded up 2.9% 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 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 Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero 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 presently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire 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 aforementioned exchanges.

DERO/USD price chart by TradingView