Dero (DERO) Price Reaches $1.21 on Exchanges

Dero (DERO) traded 9.9% higher against the dollar during the 1-day period ending at 13:00 PM E.T. on September 7th. Dero has a market cap of $17.37 million and $9,757.81 worth of Dero was traded on exchanges in the last 24 hours. Over the last seven days, Dero has traded up 10.7% against the dollar. One Dero coin can now be purchased for $1.21 or 0.00002225 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $54,489.57 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.1% higher against the dollar and now trades at $0.0950 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded 0.5% higher against the dollar and now trades at $302.23 or 0.00554144 BTC.
• UNUS SED LEO (LEO) traded 2.5% lower against the dollar and now trades at $5.39 or 0.00009890 BTC.
• Litecoin (LTC) traded 1.5% lower against the dollar and now trades at $62.65 or 0.00114873 BTC.
• Monero (XMR) traded 0.2% lower against the dollar and now trades at $169.40 or 0.00310603 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $17.61 or 0.00032290 BTC.
• Arweave (AR) traded down 2.5% against the dollar and now trades at $20.48 or 0.00037551 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $44.59 or 0.00081755 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 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. The official message board for Dero is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed 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 possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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