Monero (CURRENCY:XMR) traded down 2.7% against the dollar during the 24-hour period ending at 13:00 PM E.T. on December 22nd. In the last seven days, Monero has traded 30.8% higher against the dollar. Monero has a market capitalization of $842.47 million and approximately $16.02 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $50.55 or 0.01298155 BTC on popular exchanges including Cryptopia, Exrates, BitBay and Bitlish.
Here is how other cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded 2.9% higher against the dollar and now trades at $0.0008 or 0.00000019 BTC.
- DigitalNote (XDN) traded down 3.5% against the dollar and now trades at $0.0012 or 0.00000032 BTC.
- Boolberry (BBR) traded 2.3% higher against the dollar and now trades at $0.54 or 0.00013793 BTC.
- BitNewChain (BTN) traded 3.7% lower against the dollar and now trades at $0.0303 or 0.00000779 BTC.
- Aeon (AEON) traded 0.2% lower against the dollar and now trades at $0.32 or 0.00008259 BTC.
- BitTube (TUBE) traded down 3.1% against the dollar and now trades at $0.0337 or 0.00000865 BTC.
- Stellite (XTL) traded 13.5% higher against the dollar and now trades at $0.0003 or 0.00000007 BTC.
- Karbo (KRB) traded 1.5% lower against the dollar and now trades at $0.0740 or 0.00001899 BTC.
- Sumokoin (SUMO) traded down 1.9% against the dollar and now trades at $0.0489 or 0.00001255 BTC.
- UltraNote Coin (XUN) traded 2.6% lower against the dollar and now trades at $0.0001 or 0.00000003 BTC.
Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 16,664,363 coins. 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. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.monero.cc.
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 bought or sold on the following cryptocurrency exchanges: Exmo, B2BX, Coinbe, Bitfinex, BTC-Alpha, Cryptopia, Nanex, Bitlish, TradeOgre, DragonEX, Upbit, SouthXchange, HitBTC, OKEx, Stocks.Exchange, Graviex, Exrates, Coinut, Cryptomate, BTC Trade UA, Liquid, Waves Decentralized Exchange, Coindeal, Crex24, Gate.io, Bithumb, Ovis, Huobi, Coinroom, BitBay, Braziliex, OpenLedger DEX, Bitbns, LiteBit.eu, Trade Satoshi, Binance, Kraken, Bittrex, Poloniex, Tux Exchange, Mercatox, CoinEx, Bisq, Instant Bitex and Livecoin. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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