Dero Price Tops $1.21 on Major Exchanges (DERO)

Dero (DERO) traded up 11.7% against the U.S. dollar during the one day period ending at 19:00 PM Eastern on September 7th. Over the last seven days, Dero has traded 3.6% higher against the U.S. dollar. One Dero coin can now be bought for approximately $1.21 or 0.00002234 BTC on major exchanges. Dero has a total market cap of $17.25 million and $9,530.74 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $53,936.96 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.1% against the dollar and now trades at $0.0947 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 1.3% higher against the dollar and now trades at $298.05 or 0.00552522 BTC.
• UNUS SED LEO (LEO) traded 1.8% lower against the dollar and now trades at $5.40 or 0.00010017 BTC.
• Litecoin (LTC) traded 1.5% lower against the dollar and now trades at $61.79 or 0.00114541 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $165.30 or 0.00306429 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $17.55 or 0.00032541 BTC.
• Arweave (AR) traded down 3.5% against the dollar and now trades at $19.49 or 0.00036138 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $43.97 or 0.00081514 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

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. 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView