Dero (DERO) One Day Trading Volume Reaches $11,564.81

Dero (DERO) traded down 0.7% against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on May 9th. Dero has a market capitalization of $40.41 million and $11,564.81 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for $2.82 or 0.00004628 BTC on popular exchanges. Over the last seven days, Dero has traded 1.5% higher against the US dollar.

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

• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $61,009.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.1% against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 1.6% lower against the dollar and now trades at $448.45 or 0.00735200 BTC.
• Litecoin (LTC) traded 2.3% higher against the dollar and now trades at $81.92 or 0.00134304 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.94 or 0.00009746 BTC.
• Ethereum Classic (ETC) traded up 1.9% against the dollar and now trades at $27.23 or 0.00044644 BTC.
• Arweave (AR) traded 0.7% lower against the dollar and now trades at $38.44 or 0.00063012 BTC.
• Monero (XMR) traded 1.7% higher against the dollar and now trades at $129.55 or 0.00212395 BTC.
• Bitcoin SV (BSV) traded 2.3% lower against the dollar and now trades at $62.03 or 0.00101696 BTC.
• eCash (XEC) traded 1.4% lower 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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. 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.

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 purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView