Monero (CURRENCY:XMR) traded 0.9% higher against the dollar during the 1 day period ending at 18:00 PM Eastern on July 15th. One Monero coin can currently be purchased for $88.91 or 0.00821106 BTC on major exchanges including Bitlish, Cryptomate, Stocks.Exchange and Instant Bitex. Over the last week, Monero has traded 13% lower against the dollar. Monero has a market cap of $1.52 billion and $156.42 million worth of Monero was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded up 1.5% against the dollar and now trades at $0.0008 or 0.00000007 BTC.
- Aeon (AEON) traded 2.5% higher against the dollar and now trades at $0.67 or 0.00006156 BTC.
- DigitalNote (XDN) traded 2% lower against the dollar and now trades at $0.0011 or 0.00000011 BTC.
- Boolberry (BBR) traded 0.9% lower against the dollar and now trades at $0.46 or 0.00004225 BTC.
- BitNewChain (BTN) traded down 15.2% against the dollar and now trades at $0.0302 or 0.00000279 BTC.
- BitTube (TUBE) traded 6.8% higher against the dollar and now trades at $0.0230 or 0.00000213 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded up 2.6% against the dollar and now trades at $0.0035 or 0.00000032 BTC.
- Karbo (KRB) traded 3% lower against the dollar and now trades at $0.0853 or 0.00000789 BTC.
- Sumokoin (SUMO) traded up 7.3% against the dollar and now trades at $0.0344 or 0.00000318 BTC.
Monero (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 17,100,283 coins. Monero’s official website is www.monero.cc. Monero’s official message board is forum.getmonero.org. 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.
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: SouthXchange, Cryptomate, Instant Bitex, TradeOgre, CoinEx, Exmo, Huobi, Gate.io, Exrates, Livecoin, Stocks.Exchange, OpenLedger DEX, BTC-Alpha, HitBTC, DragonEX, Coinroom, Coindeal, Liquid, Trade Satoshi, Braziliex, Poloniex, Graviex, Bitbns, Crex24, B2BX, Bithumb, BitBay, BTC Trade UA, Bitfinex, OKEx, Kraken, Bitlish, Nanex, Binance, Waves Decentralized Exchange, LiteBit.eu, Mercatox, Bittrex, Cryptopia, Bisq, Upbit, Ovis, Tux Exchange, Coinbe and Coinut. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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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