Monero (CRYPTO:XMR) Price Up 14.5% Over Last 7 Days

Monero (CURRENCY:XMR) traded up 1% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on January 22nd. Monero has a market capitalization of $830.03 million and approximately $60.21 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $49.43 or 0.01361386 BTC on major exchanges including Gate.io, Bitlish, Bittrex and OpenLedger DEX. In the last seven days, Monero has traded up 14.5% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

  • Bytecoin (BCN) traded 1.9% lower against the dollar and now trades at $0.0006 or 0.00000017 BTC.
  • DigitalNote (XDN) traded 0.8% higher against the dollar and now trades at $0.0011 or 0.00000029 BTC.
  • Boolberry (BBR) traded 1.7% lower against the dollar and now trades at $0.54 or 0.00014957 BTC.
  • BitNewChain (BTN) traded 7.3% higher against the dollar and now trades at $0.0269 or 0.00000740 BTC.
  • Aeon (AEON) traded 0.9% lower against the dollar and now trades at $0.27 or 0.00007542 BTC.
  • BitTube (TUBE) traded 0.6% lower against the dollar and now trades at $0.0224 or 0.00000618 BTC.
  • Stellite (XTL) traded 23.1% lower against the dollar and now trades at $0.0001 or 0.00000004 BTC.
  • Karbo (KRB) traded down 6.9% against the dollar and now trades at $0.0653 or 0.00001798 BTC.
  • UltraNote Coin (XUN) traded up 8.6% against the dollar and now trades at $0.0001 or 0.00000002 BTC.
  • Sumokoin (SUMO) traded down 10% against the dollar and now trades at $0.0236 or 0.00000649 BTC.

About Monero

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 16,791,165 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. Monero’s official website 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 purchased on these cryptocurrency exchanges: Bithumb, Bisq, Crex24, SouthXchange, Huobi, Kraken, Exmo, Trade Satoshi, Binance, Graviex, Liquid, Nanex, TradeOgre, Coinbe, DragonEX, Stocks.Exchange, Instant Bitex, Waves Decentralized Exchange, Cryptomate, BTC-Alpha, Livecoin, Poloniex, HitBTC, Braziliex, Ovis, Exrates, Cryptopia, Upbit, Bitbns, Mercatox, B2BX, CoinEx, LiteBit.eu, OpenLedger DEX, Coinut, Coinroom, Bitlish, BitBay, Tux Exchange, BTC Trade UA, OKEx, Gate.io, Bitfinex, Bittrex and Coindeal. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

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