Monero (CURRENCY:XMR) traded 7.4% higher against the US dollar during the twenty-four hour period ending at 17:00 PM ET on July 12th. One Monero coin can currently be bought for $96.93 or 0.00817370 BTC on major cryptocurrency exchanges including SouthXchange, Bithumb, B2BX and Bitfinex. In the last seven days, Monero has traded 7% higher against the US dollar. Monero has a total market capitalization of $1.66 billion and approximately $110.45 million worth of Monero was traded on exchanges in the last day.
Here’s how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded up 14.9% against the dollar and now trades at $0.0009 or 0.00000007 BTC.
- Aeon (AEON) traded up 6.5% against the dollar and now trades at $0.76 or 0.00006376 BTC.
- DigitalNote (XDN) traded 7.4% higher against the dollar and now trades at $0.0012 or 0.00000010 BTC.
- BitNewChain (BTN) traded down 8.3% against the dollar and now trades at $0.0347 or 0.00000293 BTC.
- Boolberry (BBR) traded up 1.3% against the dollar and now trades at $0.44 or 0.00003737 BTC.
- BitTube (TUBE) traded 0.2% higher against the dollar and now trades at $0.0246 or 0.00000207 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 1.2% higher against the dollar and now trades at $0.0044 or 0.00000037 BTC.
- Karbo (KRB) traded 2.2% higher against the dollar and now trades at $0.0984 or 0.00000830 BTC.
- Sumokoin (SUMO) traded 1.9% lower against the dollar and now trades at $0.0326 or 0.00000275 BTC.
Monero (XMR) 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 17,094,714 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. Monero’s official message board 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. “
Buying and Selling Monero
Monero can be purchased on the following cryptocurrency exchanges: Huobi, Liquid, Cryptopia, DragonEX, Waves Decentralized Exchange, Coindeal, Braziliex, Graviex, Bitlish, TradeOgre, SouthXchange, Trade Satoshi, Coinroom, B2BX, Bitbns, Bitfinex, Coinbe, LiteBit.eu, Poloniex, BTC-Alpha, Exmo, Bittrex, Stocks.Exchange, Nanex, OpenLedger DEX, Bisq, BitBay, HitBTC, Ovis, Coinut, Exrates, Instant Bitex, Crex24, BTC Trade UA, Tux Exchange, Upbit, Kraken, OKEx, Gate.io, Binance, Livecoin, Bithumb, CoinEx, Mercatox and Cryptomate. 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
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