Monero (CURRENCY:XMR) traded 0.1% higher against the US dollar during the 24-hour period ending at 19:00 PM ET on April 22nd. One Monero coin can now be bought for approximately $68.59 or 0.01276958 BTC on major exchanges including Nanex, HitBTC, Braziliex and Poloniex. Monero has a total market capitalization of $1.16 billion and approximately $106.76 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded up 6.2% against the US dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded 1.6% higher against the dollar and now trades at $0.0009 or 0.00000017 BTC.
- Boolberry (BBR) traded down 11.3% against the dollar and now trades at $0.84 or 0.00015727 BTC.
- DigitalNote (XDN) traded up 0.2% against the dollar and now trades at $0.0015 or 0.00000028 BTC.
- BitNewChain (BTN) traded 234.3% higher against the dollar and now trades at $0.0566 or 0.00001054 BTC.
- BitTube (TUBE) traded 10.6% higher against the dollar and now trades at $0.0454 or 0.00000846 BTC.
- Aeon (AEON) traded 2.9% higher against the dollar and now trades at $0.39 or 0.00007349 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded 1.4% lower against the dollar and now trades at $0.0811 or 0.00001509 BTC.
- Digital Insurance Token (DIT) traded 6.3% lower against the dollar and now trades at $0.0019 or 0.00000035 BTC.
- Sumokoin (SUMO) traded up 0.5% against the dollar and now trades at $0.0391 or 0.00000728 BTC.
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 16,933,697 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. The official message board for Monero 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 traded on these cryptocurrency exchanges: Coinut, Stocks.Exchange, TradeOgre, Poloniex, Livecoin, BTC-Alpha, Cryptomate, Braziliex, DragonEX, Crex24, Kraken, BTC Trade UA, Cryptopia, Graviex, Huobi, Exmo, Bisq, Mercatox, LiteBit.eu, SouthXchange, Waves Decentralized Exchange, Bitbns, Gate.io, Coindeal, CoinEx, B2BX, Tux Exchange, Coinroom, Trade Satoshi, Bitlish, Exrates, Nanex, Binance, Instant Bitex, HitBTC, Bittrex, OpenLedger DEX, Ovis, Coinbe, OKEx, BitBay, Bithumb, Bitfinex, Upbit and Liquid. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire 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 aforementioned exchanges.
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