Dero (DERO) 24-Hour Volume Hits $7,142.15

Dero (DERO) traded down 0.2% against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on April 30th. One Dero coin can currently be purchased for about $2.99 or 0.00004841 BTC on popular exchanges. Over the last seven days, Dero has traded 10.7% lower against the US dollar. Dero has a market cap of $42.77 million and approximately $7,142.15 worth of Dero was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $61,772.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.14 or 0.00000223 BTC.
• Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $446.32 or 0.00723054 BTC.
• Litecoin (LTC) traded down 3.8% against the dollar and now trades at $80.58 or 0.00130545 BTC.
• UNUS SED LEO (LEO) traded 2.1% higher against the dollar and now trades at $5.85 or 0.00009482 BTC.
• Ethereum Classic (ETC) traded 5.1% lower against the dollar and now trades at $25.90 or 0.00041955 BTC.
• Monero (XMR) traded down 1.4% against the dollar and now trades at $123.01 or 0.00199281 BTC.
• Arweave (AR) traded 5.4% lower against the dollar and now trades at $34.19 or 0.00055388 BTC.
• Bitcoin SV (BSV) traded 2.4% lower against the dollar and now trades at $63.10 or 0.00102228 BTC.
• eCash (XEC) traded down 2.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was 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 Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero 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.”

Buying and Selling Dero

It is usually not currently 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 exchanges listed above.

DERO/USD price chart by TradingView

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