Dero Price Hits $1.02 on Exchanges (DERO)

Dero (DERO) traded 2.2% higher against the US dollar during the 1 day period ending at 23:00 PM Eastern on August 23rd. During the last week, Dero has traded 16.6% lower against the US dollar. Dero has a market capitalization of $14.55 million and approximately $7,702.38 worth of Dero was traded on exchanges in the last day. One Dero coin can currently be purchased for about $1.02 or 0.00001592 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 5.4% against the dollar and now trades at $63,854.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.4% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded up 3.8% against the dollar and now trades at $360.42 or 0.00564438 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.88 or 0.00009206 BTC.
• Litecoin (LTC) traded 3.9% higher against the dollar and now trades at $66.21 or 0.00103688 BTC.
• Monero (XMR) traded up 1.7% against the dollar and now trades at $172.86 or 0.00270707 BTC.
• Ethereum Classic (ETC) traded 4.7% higher against the dollar and now trades at $20.51 or 0.00032127 BTC.
• Arweave (AR) traded up 5.2% against the dollar and now trades at $25.85 or 0.00040482 BTC.
• Bitcoin SV (BSV) traded 5.7% higher against the dollar and now trades at $47.01 or 0.00073617 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official message board is forum.dero.io. The official website for Dero is 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.”

Buying and Selling Dero

It is usually not currently 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 Changelly, GDAX or Coinbase. 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