Dero 24-Hour Volume Reaches $12,029.98 (DERO)

Dero (DERO) traded up 9.8% against the dollar during the one day period ending at 8:00 AM E.T. on April 19th. Dero has a total market capitalization of $50.15 million and approximately $12,029.98 worth of Dero was traded on exchanges in the last day. During the last seven days, Dero has traded 17.6% lower against the dollar. One Dero coin can currently be bought for about $3.50 or 0.00005357 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 5% higher against the dollar and now trades at $65,410.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.2% 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 $483.89 or 0.00739777 BTC.
• Litecoin (LTC) traded up 1.2% against the dollar and now trades at $81.71 or 0.00124922 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.84 or 0.00008935 BTC.
• Ethereum Classic (ETC) traded 2.5% higher against the dollar and now trades at $26.33 or 0.00040255 BTC.
• Monero (XMR) traded 1.2% higher against the dollar and now trades at $115.83 or 0.00177087 BTC.
• Arweave (AR) traded 16.1% higher against the dollar and now trades at $28.06 or 0.00042893 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $66.79 or 0.00102105 BTC.
• eCash (XEC) traded 4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Dero

Dero (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 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 website for Dero is dero.io. 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 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 Gemini, Coinbase or GDAX. 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