Dero Hits Market Cap of $40.00 Million (DERO)

Dero (DERO) traded up 2.2% against the dollar during the 24 hour period ending at 7:00 AM ET on May 2nd. Dero has a total market capitalization of $40.00 million and $8,610.62 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for approximately $2.79 or 0.00004806 BTC on popular exchanges. Over the last week, Dero has traded 12.1% lower against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $58,144.57 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.7% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded 3.9% higher against the dollar and now trades at $423.08 or 0.00727637 BTC.
• Litecoin (LTC) traded 4.7% higher against the dollar and now trades at $80.39 or 0.00138253 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $5.84 or 0.00010038 BTC.
• Ethereum Classic (ETC) traded 5.2% higher against the dollar and now trades at $25.81 or 0.00044395 BTC.
• Monero (XMR) traded 6.7% higher against the dollar and now trades at $125.35 or 0.00215592 BTC.
• Arweave (AR) traded up 8.7% against the dollar and now trades at $29.83 or 0.00051311 BTC.
• Bitcoin SV (BSV) traded 2.1% higher against the dollar and now trades at $58.20 or 0.00100091 BTC.
• eCash (XEC) traded 3.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Coin 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. The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero is 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.”

Dero Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly 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