Monero (CURRENCY:XMR) traded 1.5% lower against the US dollar during the one day period ending at 7:00 AM ET on July 27th. Over the last week, Monero has traded 6.8% lower against the US dollar. Monero has a total market cap of $1.35 billion and $79.53 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $78.73 or 0.00826633 BTC on popular cryptocurrency exchanges including Bitfinex, Instant Bitex, Binance and Bitlish.
Here is how other cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded down 3.5% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- Aeon (AEON) traded down 3.9% against the dollar and now trades at $0.66 or 0.00006927 BTC.
- DigitalNote (XDN) traded up 28.7% against the dollar and now trades at $0.0010 or 0.00000010 BTC.
- Boolberry (BBR) traded down 2.4% against the dollar and now trades at $0.43 or 0.00004558 BTC.
- BitNewChain (BTN) traded down 44.8% against the dollar and now trades at $0.0243 or 0.00000255 BTC.
- BitTube (TUBE) traded down 7.4% against the dollar and now trades at $0.0267 or 0.00000280 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded up 6.8% against the dollar and now trades at $0.0033 or 0.00000034 BTC.
- Karbo (KRB) traded down 2% against the dollar and now trades at $0.0751 or 0.00000788 BTC.
- Sumokoin (SUMO) traded 0.6% higher against the dollar and now trades at $0.0421 or 0.00000442 BTC.
Monero Coin Profile
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 17,121,418 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. 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. “
Monero Coin Trading
Monero can be bought or sold on these cryptocurrency exchanges: HitBTC, BTC-Alpha, Braziliex, Coinroom, Bitlish, Huobi, Exmo, Nanex, Livecoin, TradeOgre, CoinEx, Coinut, DragonEX, Cryptopia, Bitbns, Instant Bitex, Waves Decentralized Exchange, Binance, B2BX, Gate.io, Bitfinex, Trade Satoshi, Graviex, SouthXchange, Bittrex, Crex24, Poloniex, Bithumb, Bisq, OpenLedger DEX, Coinbe, Coindeal, Tux Exchange, Liquid, BTC Trade UA, Upbit, Exrates, Ovis, Kraken, Cryptomate, LiteBit.eu, BitBay, Mercatox, Stocks.Exchange and OKEx. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.
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