Monero (CURRENCY:XMR) traded down 4.4% against the dollar during the 24-hour period ending at 17:00 PM Eastern on July 9th. One Monero coin can currently be bought for about $98.26 or 0.00789209 BTC on exchanges including Binance, Bitfinex, Tux Exchange and Trade Satoshi. During the last seven days, Monero has traded 13.7% higher against the dollar. Monero has a total market cap of $1.68 billion and $130.89 million worth of Monero was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 1.5% higher against the dollar and now trades at $0.0010 or 0.00000008 BTC.
- Aeon (AEON) traded 3.4% higher against the dollar and now trades at $0.79 or 0.00006378 BTC.
- DigitalNote (XDN) traded 0.3% lower against the dollar and now trades at $0.0015 or 0.00000012 BTC.
- Boolberry (BBR) traded 7.3% lower against the dollar and now trades at $0.49 or 0.00003953 BTC.
- BitNewChain (BTN) traded down 39.4% against the dollar and now trades at $0.0267 or 0.00000215 BTC.
- BitTube (TUBE) traded 1.6% lower against the dollar and now trades at $0.0242 or 0.00000194 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 2.1% higher against the dollar and now trades at $0.0041 or 0.00000033 BTC.
- Karbo (KRB) traded up 1.7% against the dollar and now trades at $0.11 or 0.00000870 BTC.
- Sumokoin (SUMO) traded 4.1% lower against the dollar and now trades at $0.0387 or 0.00000311 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,086,582 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.getmonero.org.
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. “
Buying and Selling Monero
Monero can be purchased on the following cryptocurrency exchanges: HitBTC, Mercatox, Exmo, Gate.io, Kraken, OpenLedger DEX, Coinut, Huobi, Coindeal, Graviex, Nanex, Braziliex, Ovis, Livecoin, Bittrex, DragonEX, BTC-Alpha, BTC Trade UA, Trade Satoshi, LiteBit.eu, Bitfinex, Poloniex, Coinroom, Stocks.Exchange, TradeOgre, Bisq, Bitlish, OKEx, Upbit, Crex24, Tux Exchange, SouthXchange, Bithumb, Coinbe, CoinEx, Instant Bitex, Waves Decentralized Exchange, Cryptomate, Exrates, Liquid, Bitbns, Binance, Cryptopia, B2BX and BitBay. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
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