Dero Price Hits $1.20 on Top Exchanges (DERO)

Dero (DERO) traded down 3% against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on September 9th. Dero has a market capitalization of $17.22 million and $6,134.74 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded up 1.4% against the dollar. One Dero coin can now be bought for $1.20 or 0.00002178 BTC on major exchanges.

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

• Bitcoin (BTC) traded 1.5% higher against the dollar and now trades at $55,214.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% higher against the dollar and now trades at $0.0975 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $311.14 or 0.00563522 BTC.
• UNUS SED LEO (LEO) traded down 1.9% against the dollar and now trades at $5.41 or 0.00009798 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $60.19 or 0.00109020 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $172.00 or 0.00311511 BTC.
• Ethereum Classic (ETC) traded 1.4% higher against the dollar and now trades at $17.93 or 0.00032473 BTC.
• Arweave (AR) traded 0.9% higher against the dollar and now trades at $20.05 or 0.00036310 BTC.
• Bitcoin SV (BSV) traded up 2.5% against the dollar and now trades at $45.25 or 0.00081952 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.dero.io. Dero’s official website is dero.io.

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 buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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