Monero (CURRENCY:XMR) traded down 0.6% against the dollar during the 24 hour period ending at 10:00 AM ET on February 12th. Monero has a market cap of $810.56 million and approximately $51.91 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $48.28 or 0.01329210 BTC on major cryptocurrency exchanges including CoinEx, Tux Exchange, Waves Decentralized Exchange and Crex24. In the last seven days, Monero has traded 11.9% higher against the dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded up 1.1% against the dollar and now trades at $0.0006 or 0.00000017 BTC.
- DigitalNote (XDN) traded down 0.3% against the dollar and now trades at $0.0011 or 0.00000029 BTC.
- Boolberry (BBR) traded 5.8% lower against the dollar and now trades at $0.53 or 0.00014631 BTC.
- BitNewChain (BTN) traded up 2.3% against the dollar and now trades at $0.0266 or 0.00000731 BTC.
- Aeon (AEON) traded 0.2% lower against the dollar and now trades at $0.27 or 0.00007505 BTC.
- BitTube (TUBE) traded down 3.2% against the dollar and now trades at $0.0218 or 0.00000599 BTC.
- Stellite (XTL) traded 14.8% lower against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded 1.5% higher against the dollar and now trades at $0.0668 or 0.00001838 BTC.
- UltraNote Coin (XUN) traded 8.5% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.
- Sumokoin (SUMO) traded down 4.2% against the dollar and now trades at $0.0226 or 0.00000622 BTC.
Monero 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 16,787,840 coins. 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. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible 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: Bitlish, Bittrex, Coindeal, Binance, LiteBit.eu, Trade Satoshi, Livecoin, Huobi, Ovis, B2BX, Cryptopia, Upbit, TradeOgre, Bithumb, Kraken, Waves Decentralized Exchange, Coinut, Tux Exchange, HitBTC, Cryptomate, SouthXchange, DragonEX, Instant Bitex, Braziliex, Liquid, BTC Trade UA, BitBay, BTC-Alpha, Nanex, OKEx, CoinEx, Exmo, Bisq, Crex24, Exrates, Bitbns, Bitfinex, Coinbe, Coinroom, Graviex, Mercatox, Gate.io, OpenLedger DEX, Poloniex and Stocks.Exchange. 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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