Monero (XMR) Achieves Market Capitalization of $1.11 Billion

Monero (CURRENCY:XMR) traded up 3.9% against the dollar during the one day period ending at 16:00 PM ET on November 10th. During the last week, Monero has traded 0.7% higher against the dollar. Monero has a market cap of $1.11 billion and $157.36 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for approximately $64.20 or 0.00709056 BTC on major cryptocurrency exchanges including Coinbe, Bisq, Braziliex and Trade Satoshi.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Bytecoin (BCN) traded 3.5% higher against the dollar and now trades at $0.0004 or 0.00000005 BTC.
  • Monero Classic (XMC) traded down 0.4% against the dollar and now trades at $0.35 or 0.00003879 BTC.
  • DigitalNote (XDN) traded 2.7% higher against the dollar and now trades at $0.0006 or 0.00000007 BTC.
  • Aeon (AEON) traded up 2.9% against the dollar and now trades at $0.24 or 0.00002641 BTC.
  • BitNewChain (BTN) traded down 0.1% against the dollar and now trades at $0.0152 or 0.00000167 BTC.
  • BitTube (TUBE) traded up 2% against the dollar and now trades at $0.0101 or 0.00000111 BTC.
  • Boolberry (BBR) traded up 2.7% against the dollar and now trades at $0.16 or 0.00001772 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 4.3% against the dollar and now trades at $0.0028 or 0.00000031 BTC.
  • Karbo (KRB) traded up 4.8% against the dollar and now trades at $0.0611 or 0.00000675 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 17,296,526 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 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 traded on the following cryptocurrency exchanges: Bisq, Gate.io, Coinroom, B2BX, Ovis, BTC Trade UA, Exrates, Cryptomate, CoinEx, Stocks.Exchange, Waves Decentralized Exchange, Trade Satoshi, Liquid, Mercatox, BTC-Alpha, HitBTC, OKEx, Coindeal, BitBay, Coinut, Tux Exchange, Upbit, LiteBit.eu, Nanex, OpenLedger DEX, Kraken, DragonEX, Instant Bitex, Poloniex, Bitbns, SouthXchange, Braziliex, Graviex, Exmo, Bithumb, Bitfinex, Crex24, TradeOgre, Binance, Cryptopia, Bittrex, Coinbe, Livecoin, Huobi and Bitlish. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.


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