Monero (CURRENCY:XMR) traded up 1.4% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on October 23rd. One Monero coin can now be purchased for about $102.80 or 0.01634061 BTC on popular exchanges including Cryptopia, Waves Decentralized Exchange, SouthXchange and Bitbns. Monero has a market cap of $1.70 billion and approximately $15.38 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded down 5.1% against the US dollar.
Here’s how related cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded 0.2% higher against the dollar and now trades at $0.0013 or 0.00000020 BTC.
- DigitalNote (XDN) traded down 1% against the dollar and now trades at $0.0029 or 0.00000046 BTC.
- Boolberry (BBR) traded down 0.3% against the dollar and now trades at $0.91 or 0.00014420 BTC.
- BitNewChain (BTN) traded down 18.1% against the dollar and now trades at $0.0505 or 0.00000803 BTC.
- Aeon (AEON) traded up 4.2% against the dollar and now trades at $0.57 or 0.00009028 BTC.
- BitTube (TUBE) traded 0.4% higher against the dollar and now trades at $0.0856 or 0.00001360 BTC.
- Stellite (XTL) traded 0.7% lower against the dollar and now trades at $0.0007 or 0.00000011 BTC.
- Sumokoin (SUMO) traded 1.6% higher against the dollar and now trades at $0.11 or 0.00001716 BTC.
- UltraNote Coin (XUN) traded up 4.9% against the dollar and now trades at $0.0006 or 0.00000009 BTC.
- Karbo (KRB) traded 0.5% higher against the dollar and now trades at $0.10 or 0.00001642 BTC.
Monero Coin Profile
Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 16,531,375 coins. Monero’s official website is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. 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. “
Monero Coin Trading
Monero can be purchased on these cryptocurrency exchanges: CoinEx, OpenLedger DEX, Upbit, SouthXchange, Liquid, Livecoin, Poloniex, Cryptopia, Tux Exchange, Crex24, Instant Bitex, BTC-Alpha, Bitbns, Bittrex, Bithumb, Coinut, B2BX, Stocks.Exchange, Nanex, Exrates, Bitfinex, DragonEX, Binance, BitBay, LiteBit.eu, Exmo, Cryptomate, Waves Decentralized Exchange, Graviex, Bitlish, Ovis, OKEx, Huobi, BTC Trade UA, Gate.io, Bisq, Coindeal, TradeOgre, HitBTC, Coinroom, Mercatox, Braziliex, Trade Satoshi, Kraken and Coinbe. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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