Monero (CURRENCY:XMR) traded down 1% against the dollar during the twenty-four hour period ending at 23:00 PM Eastern on July 22nd. Monero has a market capitalization of $1.42 billion and approximately $100.95 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded 4.4% lower against the dollar. One Monero coin can currently be bought for about $83.13 or 0.00808371 BTC on major exchanges including Cryptopia, LiteBit.eu, Bittrex and Coinbe.
Here is how other cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded down 4.9% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- Aeon (AEON) traded 3.3% higher against the dollar and now trades at $0.79 or 0.00007642 BTC.
- DigitalNote (XDN) traded flat against the dollar and now trades at $0.0011 or 0.00000010 BTC.
- Boolberry (BBR) traded 3.1% lower against the dollar and now trades at $0.45 or 0.00004337 BTC.
- BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0306 or 0.00000298 BTC.
- BitTube (TUBE) traded 3.7% lower against the dollar and now trades at $0.0338 or 0.00000328 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 4.3% higher against the dollar and now trades at $0.0031 or 0.00000030 BTC.
- Karbo (KRB) traded down 4.7% against the dollar and now trades at $0.0819 or 0.00000796 BTC.
- Sumokoin (SUMO) traded down 1.4% against the dollar and now trades at $0.0421 or 0.00000409 BTC.
Monero (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 17,113,561 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 Twitter account is @monerocurrency and its Facebook page is accessible here. The official website for Monero is www.monero.cc.
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 traded on these cryptocurrency exchanges: BTC-Alpha, Upbit, Bitbns, Trade Satoshi, SouthXchange, Huobi, OKEx, Bittrex, TradeOgre, BitBay, Crex24, DragonEX, Braziliex, Coinut, Liquid, Coinroom, Bitlish, Kraken, CoinEx, Tux Exchange, Bitfinex, OpenLedger DEX, Coindeal, Exmo, BTC Trade UA, Waves Decentralized Exchange, Nanex, Bisq, HitBTC, Gate.io, Bithumb, Instant Bitex, LiteBit.eu, Stocks.Exchange, B2BX, Poloniex, Mercatox, Graviex, Ovis, Cryptopia, Coinbe, Cryptomate, Binance, Livecoin and Exrates. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase 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 purchase Monero using one of the exchanges listed above.
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