Dero Price Tops $3.35 on Top Exchanges (DERO)

Dero (DERO) traded down 3.9% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on April 20th. One Dero coin can now be bought for $3.35 or 0.00005244 BTC on popular cryptocurrency exchanges. Over the last week, Dero has traded 15.9% lower against the US dollar. Dero has a market capitalization of $47.94 million and $7,172.38 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $63,867.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $487.04 or 0.00762585 BTC.
• Litecoin (LTC) traded up 1.9% against the dollar and now trades at $82.73 or 0.00129535 BTC.
• UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $5.76 or 0.00009016 BTC.
• Ethereum Classic (ETC) traded up 1.5% against the dollar and now trades at $26.55 or 0.00041572 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $117.96 or 0.00184695 BTC.
• Arweave (AR) traded up 11.3% against the dollar and now trades at $30.60 or 0.00047911 BTC.
• Bitcoin SV (BSV) traded 0.5% higher against the dollar and now trades at $66.88 or 0.00104717 BTC.
• eCash (XEC) traded 0.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Dero Coin Profile

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. Dero’s official message board is forum.dero.io. The official website for Dero is 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.

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 U.S. dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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