Monero (CURRENCY:XMR) traded down 1.3% against the dollar during the one day period ending at 23:00 PM Eastern on July 21st. One Monero coin can currently be purchased for $84.02 or 0.00792207 BTC on major exchanges including OpenLedger DEX, OKEx, CoinEx and TradeOgre. In the last week, Monero has traded 1.4% higher against the dollar. Monero has a market capitalization of $1.44 billion and approximately $104.05 million worth of Monero was traded on exchanges in the last day.
Here is how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded up 0.8% against the dollar and now trades at $0.0008 or 0.00000007 BTC.
- Aeon (AEON) traded down 5.1% against the dollar and now trades at $0.75 or 0.00007036 BTC.
- DigitalNote (XDN) traded flat against the dollar and now trades at $0.0011 or 0.00000010 BTC.
- Boolberry (BBR) traded 2.4% lower against the dollar and now trades at $0.46 or 0.00004338 BTC.
- BitNewChain (BTN) traded 0.5% lower against the dollar and now trades at $0.0307 or 0.00000289 BTC.
- BitTube (TUBE) traded 20.3% higher against the dollar and now trades at $0.0353 or 0.00000333 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 down 6% against the dollar and now trades at $0.0030 or 0.00000028 BTC.
- Karbo (KRB) traded 0.7% higher against the dollar and now trades at $0.0866 or 0.00000816 BTC.
- Sumokoin (SUMO) traded 1.4% higher against the dollar and now trades at $0.0431 or 0.00000406 BTC.
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 17,111,790 coins. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. 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: Bittrex, HitBTC, DragonEX, Kraken, Binance, Cryptomate, Cryptopia, Mercatox, Bithumb, Crex24, Coinbe, CoinEx, Trade Satoshi, Exmo, Livecoin, LiteBit.eu, Bitfinex, Coindeal, Coinroom, Braziliex, Bitbns, Waves Decentralized Exchange, Bisq, Exrates, Gate.io, SouthXchange, OpenLedger DEX, Instant Bitex, Stocks.Exchange, Liquid, BitBay, Huobi, BTC-Alpha, Graviex, TradeOgre, Bitlish, Ovis, Coinut, Upbit, B2BX, Poloniex, BTC Trade UA, OKEx, Nanex and Tux Exchange. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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