Monero (CURRENCY:XMR) traded 0.7% lower against the US dollar during the 24 hour period ending at 20:00 PM Eastern on June 13th. One Monero coin can now be bought for approximately $89.50 or 0.01086304 BTC on popular exchanges including DragonEX, Bittrex, Cryptopia and Poloniex. Monero has a market cap of $1.53 billion and approximately $207.56 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded 4.7% higher against the US dollar.
Here’s how related cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 4% lower against the dollar and now trades at $0.0009 or 0.00000011 BTC.
- Aeon (AEON) traded 1.8% higher against the dollar and now trades at $0.90 or 0.00010916 BTC.
- DigitalNote (XDN) traded 1.1% lower against the dollar and now trades at $0.0016 or 0.00000020 BTC.
- BitNewChain (BTN) traded down 3.4% against the dollar and now trades at $0.0476 or 0.00000578 BTC.
- Boolberry (BBR) traded down 3.9% against the dollar and now trades at $0.62 or 0.00007550 BTC.
- BitTube (TUBE) traded 1.4% higher against the dollar and now trades at $0.0445 or 0.00000541 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded down 10.3% against the dollar and now trades at $0.0035 or 0.00000042 BTC.
- Karbo (KRB) traded 1.5% lower against the dollar and now trades at $0.0962 or 0.00001168 BTC.
- Sumokoin (SUMO) traded 0.8% lower against the dollar and now trades at $0.0450 or 0.00000545 BTC.
Monero 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 17,040,048 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed 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 bought or sold on the following cryptocurrency exchanges: Stocks.Exchange, Poloniex, TradeOgre, Graviex, Upbit, Cryptomate, LiteBit.eu, Cryptopia, Livecoin, BitBay, BTC Trade UA, Gate.io, Coinbe, Coinut, Exmo, Coindeal, Binance, Trade Satoshi, Coinroom, Bitfinex, Braziliex, Waves Decentralized Exchange, DragonEX, Exrates, Bitbns, Ovis, Instant Bitex, Liquid, Crex24, OpenLedger DEX, CoinEx, Bittrex, Tux Exchange, OKEx, Kraken, Huobi, Mercatox, BTC-Alpha, Bisq, Bitlish, Bithumb, HitBTC, SouthXchange, Nanex and B2BX. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
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