Dero (DERO) Price Tops $1.54 on Exchanges

Dero (DERO) traded up 10.8% against the U.S. dollar during the 1 day period ending at 22:00 PM ET on September 23rd. One Dero coin can now be bought for approximately $1.54 or 0.00002450 BTC on popular exchanges. During the last week, Dero has traded 21.9% higher against the U.S. dollar. Dero has a market capitalization of $22.05 million and $16,066.93 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1.5% against the dollar and now trades at $62,862.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $338.35 or 0.00538231 BTC.
• UNUS SED LEO (LEO) traded 6.7% lower against the dollar and now trades at $5.55 or 0.00008835 BTC.
• Litecoin (LTC) traded 3.4% lower against the dollar and now trades at $66.50 or 0.00105793 BTC.
• Monero (XMR) traded down 2.3% against the dollar and now trades at $170.90 or 0.00271855 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $18.95 or 0.00030142 BTC.
• Arweave (AR) traded 17.1% higher against the dollar and now trades at $22.90 or 0.00036432 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $48.38 or 0.00076955 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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. 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. The official website for Dero is dero.io. The official message board for Dero is forum.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.”

Buying and Selling Dero

It is usually not presently possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView