Monero (CURRENCY:XMR) traded 6.2% lower against the US dollar during the twenty-four hour period ending at 16:00 PM E.T. on July 1st. One Monero coin can now be purchased for approximately $87.38 or 0.00842301 BTC on exchanges including Coinbe, DragonEX, BTC Trade UA and Bitbns. During the last seven days, Monero has traded 25.6% lower against the US dollar. Monero has a market cap of $1.49 billion and $138.65 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how similar cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 7% lower against the dollar and now trades at $0.0009 or 0.00000008 BTC.
- Aeon (AEON) traded 4.6% lower against the dollar and now trades at $0.71 or 0.00006813 BTC.
- DigitalNote (XDN) traded up 1.4% against the dollar and now trades at $0.0016 or 0.00000015 BTC.
- BitNewChain (BTN) traded 16.7% lower against the dollar and now trades at $0.0373 or 0.00000360 BTC.
- Boolberry (BBR) traded 9.4% lower against the dollar and now trades at $0.47 or 0.00004572 BTC.
- BitTube (TUBE) traded down 0.4% against the dollar and now trades at $0.0263 or 0.00000254 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 11.1% lower against the dollar and now trades at $0.0036 or 0.00000035 BTC.
- Karbo (KRB) traded 8.3% lower against the dollar and now trades at $0.0837 or 0.00000808 BTC.
- Sumokoin (SUMO) traded down 3.8% against the dollar and now trades at $0.0415 or 0.00000401 BTC.
Monero 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. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.monero.cc. 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. “
Monero Coin Trading
Monero can be traded on the following cryptocurrency exchanges: Kraken, Mercatox, Coindeal, Cryptomate, BitBay, SouthXchange, Upbit, Exmo, HitBTC, Liquid, TradeOgre, Waves Decentralized Exchange, Bitbns, Exrates, Ovis, Bitlish, Bitfinex, Graviex, CoinEx, B2BX, Cryptopia, Binance, Bisq, Coinroom, BTC Trade UA, Stocks.Exchange, Instant Bitex, Tux Exchange, Braziliex, Nanex, OpenLedger DEX, Bithumb, LiteBit.eu, Gate.io, Crex24, DragonEX, Trade Satoshi, Livecoin, Bittrex, Coinut, BTC-Alpha, Coinbe, Huobi, OKEx and Poloniex. 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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