Dero Price Tops $3.12 on Major Exchanges (DERO)

Dero (DERO) traded 1.9% lower against the dollar during the twenty-four hour period ending at 7:00 AM ET on May 5th. Dero has a total market capitalization of $44.69 million and $7,125.73 worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded 2.7% higher against the dollar. One Dero coin can now be purchased for approximately $3.12 or 0.00004903 BTC on exchanges.

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

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $63,684.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded down 3.2% against the dollar and now trades at $463.55 or 0.00727962 BTC.
• Litecoin (LTC) traded 2.2% lower against the dollar and now trades at $81.02 or 0.00127233 BTC.
• UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $5.78 or 0.00009080 BTC.
• Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $26.91 or 0.00042256 BTC.
• Arweave (AR) traded 4.2% higher against the dollar and now trades at $37.02 or 0.00058129 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $126.32 or 0.00198379 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $64.52 or 0.00101327 BTC.
• eCash (XEC) traded 4% lower 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 launch 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 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.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView