Monero (CURRENCY:XMR) traded up 0.4% against the U.S. dollar during the one day period ending at 3:00 AM Eastern on December 2nd. During the last seven days, Monero has traded 14.1% lower against the U.S. dollar. One Monero coin can now be purchased for approximately $40.39 or 0.01224279 BTC on major cryptocurrency exchanges including Nanex, B2BX, BTC-Alpha and Coinut. Monero has a total market capitalization of $672.51 million and $9.06 million worth of Monero was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded up 1.4% against the dollar and now trades at $0.0005 or 0.00000016 BTC.
- DigitalNote (XDN) traded 0.5% lower against the dollar and now trades at $0.0010 or 0.00000031 BTC.
- BitNewChain (BTN) traded 6.9% lower against the dollar and now trades at $0.0309 or 0.00000937 BTC.
- Boolberry (BBR) traded down 1.5% against the dollar and now trades at $0.42 or 0.00012660 BTC.
- Aeon (AEON) traded down 6.9% against the dollar and now trades at $0.27 or 0.00008110 BTC.
- BitTube (TUBE) traded 3% higher against the dollar and now trades at $0.0281 or 0.00000852 BTC.
- Stellite (XTL) traded 0.7% higher against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- Karbo (KRB) traded down 1.3% against the dollar and now trades at $0.0605 or 0.00001834 BTC.
- UltraNote Coin (XUN) traded 19.4% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.
- Sumokoin (SUMO) traded down 0.4% against the dollar and now trades at $0.0390 or 0.00001180 BTC.
Monero Coin 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 16,651,138 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 bought or sold on these cryptocurrency exchanges: DragonEX, BTC-Alpha, Graviex, Instant Bitex, OpenLedger DEX, Bithumb, Nanex, Coindeal, Crex24, Exmo, BitBay, OKEx, Binance, Coinroom, Braziliex, Kraken, Liquid, Poloniex, Bitfinex, HitBTC, Bisq, Waves Decentralized Exchange, SouthXchange, Gate.io, Stocks.Exchange, CoinEx, Tux Exchange, Cryptopia, Bittrex, Bitlish, Ovis, Huobi, Livecoin, BTC Trade UA, Mercatox, B2BX, Bitbns, LiteBit.eu, TradeOgre, Coinbe, Upbit, Exrates, Coinut, Cryptomate and Trade Satoshi. 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 Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
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