Dero (DERO) Price Tops $2.97

Dero (DERO) traded 5.6% lower against the U.S. dollar during the one day period ending at 8:00 AM Eastern on May 7th. Dero has a total market capitalization of $42.49 million and approximately $17,237.22 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded up 1.1% against the U.S. dollar. One Dero coin can currently be bought for approximately $2.97 or 0.00004674 BTC on major exchanges.

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

• Bitcoin (BTC) traded 0% lower against the dollar and now trades at $63,498.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.16 or 0.00000246 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $478.23 or 0.00753050 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $81.19 or 0.00127850 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.84 or 0.00009189 BTC.
• Ethereum Classic (ETC) traded 2.6% lower against the dollar and now trades at $27.03 or 0.00042566 BTC.
• Arweave (AR) traded 1.3% higher against the dollar and now trades at $39.91 or 0.00062845 BTC.
• Monero (XMR) traded up 0% against the dollar and now trades at $131.73 or 0.00207426 BTC.
• Bitcoin SV (BSV) traded down 1.1% against the dollar and now trades at $64.34 or 0.00101311 BTC.
• eCash (XEC) traded 3.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded 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. Dero’s official website 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.”

Dero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView