Dero (DERO) Trading Down 8.3% Over Last 7 Days

Dero (DERO) traded down 9.4% against the dollar during the 1 day period ending at 20:00 PM Eastern on May 26th. Dero has a total market capitalization of $36.30 million and approximately $12,153.97 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for approximately $2.54 or 0.00003692 BTC on cryptocurrency exchanges. In the last seven days, Dero has traded 8.3% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

  • Bitcoin (BTC) traded down 0.7% against the dollar and now trades at $68,694.94 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.17 or 0.00000243 BTC.
  • Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $485.86 or 0.00707276 BTC.
  • Litecoin (LTC) traded 1% lower against the dollar and now trades at $84.04 or 0.00122341 BTC.
  • UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $5.93 or 0.00008638 BTC.
  • Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $31.69 or 0.00046127 BTC.
  • Monero (XMR) traded 0.9% higher against the dollar and now trades at $142.29 or 0.00207140 BTC.
  • Arweave (AR) traded down 3% against the dollar and now trades at $38.76 or 0.00056418 BTC.
  • Bitcoin SV (BSV) traded down 0.7% against the dollar and now trades at $63.39 or 0.00092275 BTC.
  • eCash (XEC) traded 2.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Dero

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 website for Dero is dero.io. The official message board for Dero is forum.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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

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