Dero Price Reaches $1.24 on Major Exchanges (DERO)

Dero (DERO) traded 2.1% higher against the US dollar during the 1 day period ending at 12:00 PM E.T. on September 8th. One Dero coin can currently be purchased for $1.24 or 0.00002295 BTC on major exchanges. Dero has a market capitalization of $17.69 million and approximately $5,099.16 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded 7.1% higher against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $53,906.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% lower against the dollar and now trades at $0.0948 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $300.85 or 0.00558503 BTC.
• UNUS SED LEO (LEO) traded 2.4% higher against the dollar and now trades at $5.53 or 0.00010257 BTC.
• Litecoin (LTC) traded 3.5% lower against the dollar and now trades at $60.81 or 0.00112882 BTC.
• Monero (XMR) traded 1.5% higher against the dollar and now trades at $172.40 or 0.00320038 BTC.
• Ethereum Classic (ETC) traded 0% higher against the dollar and now trades at $17.69 or 0.00032844 BTC.
• Arweave (AR) traded 4.7% lower against the dollar and now trades at $19.76 or 0.00036680 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $43.89 or 0.00081470 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis 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. Dero’s official website 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.”

Dero Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView