Dero (DERO) Price Hits $3.35 on Major Exchanges

Dero (DERO) traded 3.9% lower against the U.S. dollar during the 1 day period ending at 10:00 AM ET on April 20th. One Dero coin can currently be purchased for approximately $3.35 or 0.00005244 BTC on popular cryptocurrency exchanges. In the last week, Dero has traded 15.9% lower against the U.S. dollar. Dero has a total market cap of $47.94 million and approximately $7,172.38 worth of Dero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $63,867.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.5% 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 1.3% lower 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 11.3% higher against the dollar and now trades at $30.60 or 0.00047911 BTC.
• Bitcoin SV (BSV) traded up 0.5% 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.

About Dero

Dero (CRYPTO: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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero is forum.dero.io. 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 presently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView