Monero (CURRENCY:XMR) traded up 5.4% against the U.S. dollar during the one day period ending at 22:00 PM E.T. on December 8th. Monero has a market cap of $673.39 million and $11.65 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 11.6% lower against the U.S. dollar. One Monero coin can now be bought for about $40.45 or 0.01233404 BTC on exchanges including TradeOgre, LiteBit.eu, OpenLedger DEX and DragonEX.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded up 2% against the dollar and now trades at $0.0005 or 0.00000016 BTC.
- DigitalNote (XDN) traded down 0.2% against the dollar and now trades at $0.0010 or 0.00000032 BTC.
- BitNewChain (BTN) traded up 22.9% against the dollar and now trades at $0.0337 or 0.00001027 BTC.
- Boolberry (BBR) traded 1.9% higher against the dollar and now trades at $0.43 or 0.00013003 BTC.
- Aeon (AEON) traded 2% higher against the dollar and now trades at $0.27 or 0.00008189 BTC.
- BitTube (TUBE) traded up 1.6% against the dollar and now trades at $0.0272 or 0.00000828 BTC.
- Stellite (XTL) traded 0.5% higher against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- UltraNote Coin (XUN) traded up 6.4% against the dollar and now trades at $0.0001 or 0.00000002 BTC.
- Karbo (KRB) traded down 0.8% against the dollar and now trades at $0.0593 or 0.00001810 BTC.
- Sumokoin (SUMO) traded 3.2% lower against the dollar and now trades at $0.0397 or 0.00001212 BTC.
Monero Coin Profile
Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 16,648,234 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website 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 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 traded on these cryptocurrency exchanges: Coindeal, Nanex, Instant Bitex, Graviex, Upbit, Coinut, Mercatox, SouthXchange, Binance, Stocks.Exchange, Bisq, OKEx, Livecoin, BitBay, Gate.io, Bitlish, Poloniex, CoinEx, Kraken, BTC-Alpha, TradeOgre, Cryptomate, Ovis, B2BX, Exrates, Huobi, Cryptopia, Coinroom, Waves Decentralized Exchange, BTC Trade UA, HitBTC, Liquid, Crex24, Tux Exchange, Braziliex, Coinbe, Exmo, Bittrex, LiteBit.eu, Bitfinex, Trade Satoshi, DragonEX, Bithumb, OpenLedger DEX and Bitbns. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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