Monero (CURRENCY:XMR) traded 8.1% lower against the U.S. dollar during the 24-hour period ending at 17:00 PM E.T. on July 13th. During the last week, Monero has traded 7.3% lower against the U.S. dollar. Monero has a total market capitalization of $1.53 billion and approximately $116.89 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $89.41 or 0.00813211 BTC on major exchanges including Bitlish, BTC-Alpha, Coinut and Exrates.
Here’s how other cryptocurrencies have performed during the last day:
- Bytecoin (BCN) traded down 0.9% against the dollar and now trades at $0.0009 or 0.00000008 BTC.
- Aeon (AEON) traded 12.3% lower against the dollar and now trades at $0.66 or 0.00005982 BTC.
- DigitalNote (XDN) traded 6.5% higher against the dollar and now trades at $0.0012 or 0.00000011 BTC.
- BitNewChain (BTN) traded up 9.6% against the dollar and now trades at $0.0380 or 0.00000345 BTC.
- Boolberry (BBR) traded 7.3% higher against the dollar and now trades at $0.47 or 0.00004310 BTC.
- BitTube (TUBE) traded down 8.9% against the dollar and now trades at $0.0223 or 0.00000203 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 11.7% lower against the dollar and now trades at $0.0039 or 0.00000035 BTC.
- Karbo (KRB) traded down 6.3% against the dollar and now trades at $0.0923 or 0.00000839 BTC.
- Sumokoin (SUMO) traded down 1.9% against the dollar and now trades at $0.0319 or 0.00000290 BTC.
Monero Coin Profile
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,096,605 coins. Monero’s official website 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. 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 the following cryptocurrency exchanges: OpenLedger DEX, Instant Bitex, Coinut, Bitlish, TradeOgre, Exrates, CoinEx, Ovis, BTC Trade UA, Nanex, Coindeal, Braziliex, Stocks.Exchange, Binance, Upbit, BTC-Alpha, Bitbns, Cryptopia, Mercatox, Liquid, Bisq, B2BX, Bithumb, Coinbe, Kraken, Bitfinex, Graviex, Cryptomate, Bittrex, SouthXchange, DragonEX, Waves Decentralized Exchange, Exmo, Trade Satoshi, Poloniex, Coinroom, Livecoin, Gate.io, Tux Exchange, Crex24, OKEx, Huobi, LiteBit.eu, BitBay and HitBTC. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.
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