Monero (CURRENCY:XMR) traded down 5.4% against the US dollar during the 1-day period ending at 16:00 PM Eastern on June 30th. Monero has a market capitalization of $1.60 billion and approximately $129.41 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $93.87 or 0.00822439 BTC on cryptocurrency exchanges including Poloniex, DragonEX, BTC-Alpha and Nanex. In the last week, Monero has traded 19.1% lower against the US dollar.
Here is how related cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 4.4% lower against the dollar and now trades at $0.0009 or 0.00000008 BTC.
- Aeon (AEON) traded 10.8% lower against the dollar and now trades at $0.75 or 0.00006552 BTC.
- DigitalNote (XDN) traded 2.5% lower against the dollar and now trades at $0.0015 or 0.00000014 BTC.
- BitNewChain (BTN) traded up 6.8% against the dollar and now trades at $0.0447 or 0.00000392 BTC.
- Boolberry (BBR) traded down 6.5% against the dollar and now trades at $0.53 or 0.00004637 BTC.
- BitTube (TUBE) traded down 6.3% against the dollar and now trades at $0.0265 or 0.00000233 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 6.8% lower against the dollar and now trades at $0.0041 or 0.00000036 BTC.
- Karbo (KRB) traded 6.7% lower against the dollar and now trades at $0.0916 or 0.00000802 BTC.
- Sumokoin (SUMO) traded 0.6% lower against the dollar and now trades at $0.0433 or 0.00000379 BTC.
Monero Coin Profile
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 17,070,711 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.monero.cc. 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 traded on the following cryptocurrency exchanges: Bitlish, Huobi, Graviex, Livecoin, Exrates, LiteBit.eu, BitBay, Kraken, Cryptopia, Bisq, Instant Bitex, Exmo, CoinEx, Ovis, B2BX, HitBTC, SouthXchange, Coinut, Gate.io, Crex24, Stocks.Exchange, Bitbns, Bithumb, Liquid, Bittrex, Coindeal, Poloniex, Nanex, Trade Satoshi, Coinroom, Braziliex, Waves Decentralized Exchange, Cryptomate, Bitfinex, DragonEX, Tux Exchange, Coinbe, BTC-Alpha, Upbit, Binance, OpenLedger DEX, BTC Trade UA, Mercatox, OKEx and TradeOgre. It is usually not presently 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 Gemini, GDAX 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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