Monero (CURRENCY:XMR) traded up 0.1% against the dollar during the twenty-four hour period ending at 10:00 AM ET on September 30th. Monero has a total market capitalization of $1.92 billion and $28.55 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded 6.2% lower against the dollar. One Monero coin can currently be bought for $116.44 or 0.01758927 BTC on popular cryptocurrency exchanges including Bitbns, Nanex, Cryptomate and Coinbe.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded down 0.9% against the dollar and now trades at $0.0022 or 0.00000033 BTC.
- DigitalNote (XDN) traded up 22.6% against the dollar and now trades at $0.0037 or 0.00000056 BTC.
- BitNewChain (BTN) traded 5% higher against the dollar and now trades at $0.0547 or 0.00000827 BTC.
- Aeon (AEON) traded 4.2% lower against the dollar and now trades at $0.60 or 0.00008993 BTC.
- Boolberry (BBR) traded 0.8% lower against the dollar and now trades at $0.68 or 0.00010269 BTC.
- BitTube (TUBE) traded up 2.6% against the dollar and now trades at $0.0756 or 0.00001142 BTC.
- Stellite (XTL) traded up 1% against the dollar and now trades at $0.0003 or 0.00000005 BTC.
- Karbo (KRB) traded 0.9% lower against the dollar and now trades at $0.14 or 0.00002181 BTC.
- Sumokoin (SUMO) traded 2.1% higher against the dollar and now trades at $0.11 or 0.00001660 BTC.
- Digital Insurance Token (DIT) traded 1.7% higher against the dollar and now trades at $0.0037 or 0.00000055 BTC.
Monero (XMR) 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 16,450,128 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.monero.cc. 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.
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 these cryptocurrency exchanges: OKEx, HitBTC, Huobi, Braziliex, Stocks.Exchange, Graviex, Binance, B2BX, Poloniex, DragonEX, Bitbns, Liquid, BitBay, Mercatox, BTC-Alpha, Exrates, Upbit, Crex24, SouthXchange, Gate.io, Livecoin, Bitfinex, Waves Decentralized Exchange, Ovis, LiteBit.eu, BTC Trade UA, Kraken, Coinroom, Bitlish, Trade Satoshi, Tux Exchange, Coinbe, Coindeal, TradeOgre, Cryptomate, Instant Bitex, OpenLedger DEX, Cryptopia, Bithumb, Nanex, Exmo, Bisq, CoinEx, Coinut and Bittrex. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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