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DERO is the native cryptocurrency of Dero, a layer-1 blockchain built for the deployment of decentralised applications based on private smart contracts. In addition to a focus on privacy, Dero is touted to be the world’s first protocol that brings together the capabilities of a Proof-of-Work (PoW) blockchain and a DAG (Direct Acrylic Graph) based architecture. As a result, the protocol is immune to 51% attacks and double-spend transactions.
According to the official whitepaper, the protocol aims to offer an alternative to blockchains such as Ethereum, NEO, and Stellar, while drawing from privacy-focused protocols such as Monero and Zcash. In addition to the privacy-focused blockchain, the protocol is accompanied by DERO its native privacy-focused cryptocurrency. This combination means that decentralised application developers can use the protocol to build, while investors can utilise the protocol to send anonymous transactions. The ecosystem features a transaction module that allows for an extremely high level of anonymity, putting the platform’s native cryptocurrency DERO on par with a host of other privacy-oriented cryptocurrencies.
Dero (DERO) is the 307th largest cryptocurrency in the world by market cap, valued at $91,238,516. The current price of Dero is $10.3376, which is -2.060% lower than yesterday. Prices have ranged between $11.289 and $10.011 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 17, 2022 08:05 UTC.
| Coin symbol | DERO |
|---|---|
| Coin Marketcap | AUD$91,238,516 |
| Total DERO supply | 18,400,000 |
| Circulating DERO | 12,510,254 |
| Current price | AUD$10.3376 |
| All time high | AUD$55.025 |
| All time high date | October 10, 2021 |
Historical prices compared with the price of $10.3376.
| 1 hour | 0.02% |
|---|---|
| 24 hours | -2.06% |
| 7 days | -20.93% |
| 14 days | -38.60% |
| 30 days | -30.25% |
|---|---|
| 60 days | -32.17% |
| 200 days | -63.75% |
| 1 year | 12.30% |
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Disclaimer: Cryptocurrencies, including Dero, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DERO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Dero or any other cryptocurrency discussed.
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