Dero (DERO) Price Down 16.9% This Week

Dero (DERO) traded down 8.1% against the dollar during the 1 day period ending at 15:00 PM E.T. on April 30th. One Dero coin can currently be purchased for $2.80 or 0.00004711 BTC on major cryptocurrency exchanges. During the last seven days, Dero has traded down 16.9% against the dollar. Dero has a total market capitalization of $40.01 million and $8,933.71 worth of Dero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 5.7% against the dollar and now trades at $59,329.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.9% lower against the dollar and now trades at $0.13 or 0.00000221 BTC.
• Bitcoin Cash (BCH) traded 6.7% lower against the dollar and now trades at $428.49 or 0.00722220 BTC.
• Litecoin (LTC) traded 5.5% lower against the dollar and now trades at $78.06 or 0.00131566 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.85 or 0.00009859 BTC.
• Ethereum Classic (ETC) traded 7.8% lower against the dollar and now trades at $24.97 or 0.00042095 BTC.
• Monero (XMR) traded 5.5% lower against the dollar and now trades at $117.93 or 0.00198771 BTC.
• Arweave (AR) traded down 12.1% against the dollar and now trades at $30.22 or 0.00050931 BTC.
• Bitcoin SV (BSV) traded down 8.2% against the dollar and now trades at $59.22 or 0.00099816 BTC.
• eCash (XEC) traded 6.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

Dero (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. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official website for Dero 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 possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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