Monero (CURRENCY:XMR) traded up 4.6% against the U.S. dollar during the 24 hour period ending at 17:00 PM ET on June 23rd. Monero has a market capitalization of $2.03 billion and approximately $131.18 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $119.22 or 0.01069568 BTC on major exchanges including Ovis, Kraken, Nanex and Huobi. Over the last seven days, Monero has traded up 23.7% against the U.S. dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded up 6.2% against the dollar and now trades at $0.0011 or 0.00000010 BTC.
- Aeon (AEON) traded up 8.2% against the dollar and now trades at $1.00 or 0.00008999 BTC.
- DigitalNote (XDN) traded down 0.1% against the dollar and now trades at $0.0017 or 0.00000015 BTC.
- BitNewChain (BTN) traded 27.9% lower against the dollar and now trades at $0.0465 or 0.00000417 BTC.
- Boolberry (BBR) traded up 6.7% against the dollar and now trades at $0.58 or 0.00005233 BTC.
- BitTube (TUBE) traded up 3.6% against the dollar and now trades at $0.0365 or 0.00000327 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 3% higher against the dollar and now trades at $0.0047 or 0.00000042 BTC.
- Karbo (KRB) traded up 2.5% against the dollar and now trades at $0.11 or 0.00000956 BTC.
- Sumokoin (SUMO) traded 0.5% higher against the dollar and now trades at $0.0449 or 0.00000403 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 17,059,064 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. The official website for Monero is www.monero.cc. The official message board for Monero is forum.getmonero.org.
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: Exrates, Graviex, CoinEx, Mercatox, LiteBit.eu, Cryptopia, BTC Trade UA, OpenLedger DEX, Liquid, Kraken, TradeOgre, BitBay, Huobi, Livecoin, Bitbns, Bitfinex, Gate.io, Bittrex, Poloniex, B2BX, DragonEX, Coinbe, Waves Decentralized Exchange, Tux Exchange, BTC-Alpha, Nanex, SouthXchange, Upbit, Braziliex, Instant Bitex, OKEx, Exmo, Coinut, Bitlish, Coindeal, Crex24, Stocks.Exchange, Trade Satoshi, HitBTC, Bithumb, Binance, Cryptomate, Coinroom, Bisq and Ovis. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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