Dero (DERO) Price Tops $1.11 on Top Exchanges

Dero (DERO) traded down 6.7% against the U.S. dollar during the 24 hour period ending at 13:00 PM ET on September 6th. During the last seven days, Dero has traded up 6.3% against the U.S. dollar. Dero has a market cap of $15.82 million and $5,923.58 worth of Dero was traded on exchanges in the last 24 hours. One Dero coin can currently be purchased for approximately $1.11 or 0.00002051 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 4.4% against the dollar and now trades at $53,887.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.1% lower against the dollar and now trades at $0.0921 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 1.5% against the dollar and now trades at $301.91 or 0.00560256 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $5.54 or 0.00010284 BTC.
• Litecoin (LTC) traded 2.3% lower against the dollar and now trades at $63.71 or 0.00118220 BTC.
• Monero (XMR) traded 1.6% lower against the dollar and now trades at $169.72 or 0.00314950 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $17.48 or 0.00032447 BTC.
• Arweave (AR) traded down 0.6% against the dollar and now trades at $21.01 or 0.00038995 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $45.22 or 0.00083914 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (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 website is dero.io. Dero’s official message board 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. 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.”

Dero Coin Trading

It is usually not 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView