Monero (CURRENCY:XMR) traded down 1.8% against the US dollar during the 1-day period ending at 12:00 PM ET on November 11th. Over the last seven days, Monero has traded down 4.7% against the US dollar. One Monero coin can now be purchased for about $104.05 or 0.01632622 BTC on major cryptocurrency exchanges including Exrates, DragonEX, Livecoin and SouthXchange. Monero has a market cap of $1.72 billion and approximately $15.38 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how similar cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded 1.2% lower against the dollar and now trades at $0.0013 or 0.00000020 BTC.
- DigitalNote (XDN) traded 0.5% lower against the dollar and now trades at $0.0027 or 0.00000042 BTC.
- Boolberry (BBR) traded down 0.4% against the dollar and now trades at $1.09 or 0.00017126 BTC.
- BitNewChain (BTN) traded 20% higher against the dollar and now trades at $0.0523 or 0.00000820 BTC.
- Aeon (AEON) traded up 6.8% against the dollar and now trades at $0.59 or 0.00009279 BTC.
- BitTube (TUBE) traded down 4.9% against the dollar and now trades at $0.0784 or 0.00001231 BTC.
- Stellite (XTL) traded down 5.5% against the dollar and now trades at $0.0006 or 0.00000009 BTC.
- UltraNote Coin (XUN) traded 4.6% higher against the dollar and now trades at $0.0010 or 0.00000015 BTC.
- Karbo (KRB) traded 2.2% lower against the dollar and now trades at $0.11 or 0.00001757 BTC.
- Sumokoin (SUMO) traded up 2.5% against the dollar and now trades at $0.0910 or 0.00001428 BTC.
Monero Coin Profile
Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 16,561,548 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website is www.monero.cc. The official message board for Monero is forum.getmonero.org. 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 the following cryptocurrency exchanges: Bisq, Huobi, Coinbe, Instant Bitex, Cryptomate, BTC Trade UA, Coinroom, BitBay, Binance, Exrates, Trade Satoshi, BTC-Alpha, Bithumb, Braziliex, SouthXchange, Ovis, Stocks.Exchange, Nanex, Waves Decentralized Exchange, Coindeal, Exmo, OpenLedger DEX, Cryptopia, TradeOgre, DragonEX, CoinEx, Livecoin, Bittrex, Bitbns, Tux Exchange, Mercatox, Coinut, Liquid, Poloniex, OKEx, Graviex, Bitfinex, Upbit, B2BX, HitBTC, Kraken, Crex24, Bitlish, LiteBit.eu and Gate.io. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.
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