Monero (CURRENCY:XMR) traded 16.7% lower against the dollar during the 24-hour period ending at 19:00 PM E.T. on July 16th. In the last week, Monero has traded down 25.9% against the dollar. One Monero coin can currently be purchased for approximately $74.16 or 0.00781007 BTC on major cryptocurrency exchanges including Tux Exchange, Bittrex, Bithumb and Coindeal. Monero has a total market capitalization of $1.27 billion and approximately $116.65 million worth of Monero was traded on exchanges in the last day.
Here is how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 15.9% lower against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- Aeon (AEON) traded down 14.1% against the dollar and now trades at $0.58 or 0.00006075 BTC.
- DigitalNote (XDN) traded down 21.5% against the dollar and now trades at $0.0009 or 0.00000010 BTC.
- Boolberry (BBR) traded down 9.9% against the dollar and now trades at $0.41 or 0.00004314 BTC.
- BitNewChain (BTN) traded down 0.7% against the dollar and now trades at $0.0299 or 0.00000315 BTC.
- BitTube (TUBE) traded down 9.9% against the dollar and now trades at $0.0217 or 0.00000228 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 16.9% lower against the dollar and now trades at $0.0029 or 0.00000031 BTC.
- Karbo (KRB) traded 8.7% lower against the dollar and now trades at $0.0796 or 0.00000839 BTC.
- Sumokoin (SUMO) traded 12.9% lower against the dollar and now trades at $0.0301 or 0.00000316 BTC.
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 17,102,236 coins. The official message board for Monero is forum.getmonero.org. 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.
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: SouthXchange, DragonEX, Cryptopia, Instant Bitex, Bisq, Kraken, Graviex, Coinbe, Coindeal, Braziliex, Crex24, Coinut, Bitlish, LiteBit.eu, Liquid, Bithumb, Exrates, Binance, BitBay, B2BX, Coinroom, Bittrex, OpenLedger DEX, Bitfinex, Livecoin, Exmo, CoinEx, TradeOgre, Upbit, Poloniex, Nanex, Huobi, Stocks.Exchange, HitBTC, Trade Satoshi, Gate.io, BTC Trade UA, BTC-Alpha, Mercatox, Cryptomate, Ovis, Waves Decentralized Exchange, Tux Exchange, Bitbns and OKEx. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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