Dero (DERO) Price Tops $1.11 on Top Exchanges

Dero (DERO) traded 6.7% lower against the US dollar during the twenty-four hour period ending at 13:00 PM Eastern on September 6th. One Dero coin can now be purchased for about $1.11 or 0.00002051 BTC on popular exchanges. Dero has a market capitalization of $15.82 million and $5,923.58 worth of Dero was traded on exchanges in the last day. During the last seven days, Dero has traded up 6.3% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• 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 0.2% higher against the dollar and now trades at $5.54 or 0.00010284 BTC.
• Litecoin (LTC) traded down 2.3% 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 down 0.3% against the dollar and now trades at $17.48 or 0.00032447 BTC.
• Arweave (AR) traded 0.6% lower 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.

About Dero

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on 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 presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView