Monero (CURRENCY:XMR) traded down 1.5% against the dollar during the 24 hour period ending at 7:00 AM Eastern on July 27th. Over the last seven days, Monero has traded down 6.8% against the dollar. One Monero coin can currently be bought for approximately $78.73 or 0.00826633 BTC on major exchanges including Liquid, Binance, Gate.io and Exmo. Monero has a total market cap of $1.35 billion and $79.53 million worth of Monero was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded 3.5% lower against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- Aeon (AEON) traded 3.9% lower 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 2.4% lower 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 3.2% higher 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 2% lower 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 is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on 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. “
Buying and Selling Monero
Monero can be traded on these cryptocurrency exchanges: Waves Decentralized Exchange, Coinbe, TradeOgre, Mercatox, LiteBit.eu, Coinroom, Coinut, Stocks.Exchange, Bithumb, DragonEX, Cryptopia, Poloniex, Coindeal, OpenLedger DEX, Tux Exchange, Instant Bitex, Gate.io, Ovis, Crex24, BTC Trade UA, Graviex, Trade Satoshi, BTC-Alpha, Upbit, Kraken, Braziliex, CoinEx, Livecoin, Cryptomate, Bitbns, Liquid, Exmo, Exrates, Bisq, SouthXchange, HitBTC, Bitlish, Bittrex, Bitfinex, OKEx, BitBay, Binance, Nanex, B2BX and Huobi. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
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