Monero (CURRENCY:XMR) traded 0.9% lower against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on April 29th. Monero has a market cap of $1.03 billion and approximately $53.26 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $60.95 or 0.01165748 BTC on popular exchanges including Instant Bitex, Coinut, B2BX and Trade Satoshi. In the last seven days, Monero has traded 11% lower against the U.S. dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded 2.1% lower against the dollar and now trades at $0.0008 or 0.00000016 BTC.
- DigitalNote (XDN) traded 1.9% higher against the dollar and now trades at $0.0015 or 0.00000029 BTC.
- Boolberry (BBR) traded down 1.3% against the dollar and now trades at $0.76 or 0.00014464 BTC.
- BitNewChain (BTN) traded down 12% against the dollar and now trades at $0.0412 or 0.00000789 BTC.
- BitTube (TUBE) traded down 5.6% against the dollar and now trades at $0.0367 or 0.00000702 BTC.
- Aeon (AEON) traded down 1.3% against the dollar and now trades at $0.34 or 0.00006413 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded down 0.4% against the dollar and now trades at $0.0759 or 0.00001452 BTC.
- Digital Insurance Token (DIT) traded up 5.6% against the dollar and now trades at $0.0017 or 0.00000032 BTC.
- Sumokoin (SUMO) traded 1.7% lower against the dollar and now trades at $0.0357 or 0.00000682 BTC.
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 16,950,163 coins. 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. The official message board for Monero is forum.getmonero.org. 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: Huobi, Binance, Cryptomate, B2BX, OpenLedger DEX, Coinut, Bithumb, Crex24, Bitbns, OKEx, Exrates, Liquid, Bitlish, Mercatox, Braziliex, Upbit, SouthXchange, Graviex, HitBTC, Tux Exchange, Nanex, BTC Trade UA, Bitfinex, Coinroom, DragonEX, Bisq, Instant Bitex, Coindeal, TradeOgre, Kraken, Gate.io, Exmo, Cryptopia, Trade Satoshi, Coinbe, Poloniex, Bittrex, Livecoin, Ovis, LiteBit.eu, Waves Decentralized Exchange, Stocks.Exchange, BTC-Alpha, CoinEx and BitBay. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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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