Dero Market Cap Reaches $41.89 Million (DERO)

Dero (DERO) traded down 4.7% against the U.S. dollar during the 1-day period ending at 19:00 PM E.T. on May 7th. One Dero coin can currently be purchased for $2.93 or 0.00004661 BTC on major exchanges. In the last week, Dero has traded up 4.7% against the U.S. dollar. Dero has a market cap of $41.89 million and $7,499.74 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $62,796.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.7% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $474.97 or 0.00756365 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $80.91 or 0.00128839 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.79 or 0.00009223 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $27.44 or 0.00043695 BTC.
• Arweave (AR) traded down 6.4% against the dollar and now trades at $37.74 or 0.00060105 BTC.
• Monero (XMR) traded down 3.8% against the dollar and now trades at $126.88 or 0.00202053 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $63.87 or 0.00101712 BTC.
• eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

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 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. Dero’s official website 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 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 Changelly, Gemini or GDAX. 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