Monero (CURRENCY:XMR) traded 5.5% higher against the dollar during the 24-hour period ending at 2:00 AM E.T. on July 20th. In the last week, Monero has traded down 16.8% against the dollar. One Monero coin can currently be purchased for approximately $95.18 or 0.01500551 BTC on major cryptocurrency exchanges including Qryptos, BTC-Alpha, Binance and Cryptopia. Monero has a total market capitalization of $1.55 billion and approximately $28.50 million worth of Monero was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded up 1.9% against the dollar and now trades at $0.0019 or 0.00000029 BTC.
- DigitalNote (XDN) traded up 1.6% against the dollar and now trades at $0.0033 or 0.00000052 BTC.
- Aeon (AEON) traded up 3.5% against the dollar and now trades at $0.91 or 0.00014429 BTC.
- Boolberry (BBR) traded 3.9% higher against the dollar and now trades at $0.64 or 0.00010110 BTC.
- BitTube (TUBE) traded up 6.4% against the dollar and now trades at $0.0489 or 0.00000771 BTC.
- Karbo (KRB) traded up 11% against the dollar and now trades at $0.19 or 0.00003071 BTC.
- Sumokoin (SUMO) traded down 4.7% against the dollar and now trades at $0.16 or 0.00002578 BTC.
- Stellite (XTL) traded up 5.1% against the dollar and now trades at $0.0002 or 0.00000003 BTC.
- IntenseCoin (ITNS) traded down 3% against the dollar and now trades at $0.0020 or 0.00000032 BTC.
- Leviar (XLC) traded 14.2% lower against the dollar and now trades at $0.0087 or 0.00000138 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 16,266,706 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here.
According to CryptoCompare, “Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members’ keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from “a high-ranking White House official”, without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup). Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a “ring” of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. “
Monero Coin Trading
Monero can be traded on these cryptocurrency exchanges: Bittrex, Tux Exchange, Crex24, Poloniex, Exrates, Kraken, Waves Decentralized Exchange, Upbit, TradeOgre, Livecoin, BTC Trade UA, BTC-Alpha, Binance, Nanex, HitBTC, CoinEx, OKEx, Qryptos, DragonEX, Mercatox, Coinut, SouthXchange, Huobi, Bithumb, BitBay, Stocks.Exchange, Bitlish, Ovis, LiteBit.eu, Bitbns, Coinbe, B2BX, Bisq, Cryptomate, Exmo, Gate.io, Coinroom, OpenLedger DEX, Trade Satoshi, Cryptopia, Braziliex and Bitfinex. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.
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