Monero (CURRENCY:XMR) traded up 8% against the US dollar during the twenty-four hour period ending at 17:00 PM Eastern on December 24th. Monero has a total market capitalization of $947.40 million and approximately $21.00 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for $56.83 or 0.01383961 BTC on cryptocurrency exchanges including Instant Bitex, Tux Exchange, Gate.io and Graviex. In the last seven days, Monero has traded up 29.5% against the US dollar.
Here’s how related cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 4.1% higher against the dollar and now trades at $0.0008 or 0.00000020 BTC.
- DigitalNote (XDN) traded 7% higher against the dollar and now trades at $0.0014 or 0.00000033 BTC.
- Boolberry (BBR) traded up 2.9% against the dollar and now trades at $0.60 or 0.00014488 BTC.
- BitNewChain (BTN) traded up 2.9% against the dollar and now trades at $0.0334 or 0.00000814 BTC.
- Aeon (AEON) traded up 1% against the dollar and now trades at $0.32 or 0.00007868 BTC.
- BitTube (TUBE) traded 1.9% higher against the dollar and now trades at $0.0368 or 0.00000896 BTC.
- Stellite (XTL) traded 0% lower against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- Karbo (KRB) traded up 8.1% against the dollar and now trades at $0.0801 or 0.00001951 BTC.
- Sumokoin (SUMO) traded 5.5% higher against the dollar and now trades at $0.0507 or 0.00001236 BTC.
- UltraNote Coin (XUN) traded 8.2% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.
Monero (CRYPTO: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 16,669,703 coins. Monero’s official message board is forum.getmonero.org. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.monero.cc. 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. “
Buying and Selling Monero
Monero can be bought or sold on these cryptocurrency exchanges: Exmo, Mercatox, Tux Exchange, Stocks.Exchange, DragonEX, Braziliex, Instant Bitex, Crex24, Ovis, Livecoin, Waves Decentralized Exchange, BTC-Alpha, Trade Satoshi, HitBTC, Bitbns, OKEx, Bisq, Bitlish, TradeOgre, Gate.io, B2BX, BTC Trade UA, Coinbe, Coinroom, Kraken, Exrates, Poloniex, SouthXchange, Coindeal, OpenLedger DEX, Bittrex, Cryptopia, LiteBit.eu, Coinut, Graviex, CoinEx, Nanex, Liquid, Huobi, Cryptomate, BitBay, Bithumb, Bitfinex, Upbit and Binance. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy 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 buy Monero using one of the exchanges listed above.
Receive News & Updates for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.