Monero (CURRENCY:XMR) traded 3.6% higher against the US dollar during the 24-hour period ending at 12:00 PM E.T. on December 4th. Monero has a market capitalization of $938.07 million and approximately $15.94 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded up 3.3% against the US dollar. One Monero coin can currently be bought for about $56.44 or 0.01429610 BTC on exchanges including Poloniex, CoinEx, Bitfinex and Upbit.
Here is how other cryptocurrencies have performed during the last day:
- Bytecoin (BCN) traded 1.2% lower against the dollar and now trades at $0.0008 or 0.00000019 BTC.
- DigitalNote (XDN) traded down 2.9% against the dollar and now trades at $0.0014 or 0.00000036 BTC.
- Boolberry (BBR) traded up 1.9% against the dollar and now trades at $0.60 or 0.00015080 BTC.
- BitNewChain (BTN) traded up 4.5% against the dollar and now trades at $0.0284 or 0.00000720 BTC.
- Aeon (AEON) traded down 6.5% against the dollar and now trades at $0.29 or 0.00007412 BTC.
- BitTube (TUBE) traded 0.2% lower against the dollar and now trades at $0.0354 or 0.00000896 BTC.
- Stellite (XTL) traded 3% higher against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- Karbo (KRB) traded down 4.1% against the dollar and now trades at $0.0668 or 0.00001692 BTC.
- Sumokoin (SUMO) traded 2.5% lower against the dollar and now trades at $0.0519 or 0.00001316 BTC.
- Digital Insurance Token (DIT) traded 1.1% lower against the dollar and now trades at $0.0007 or 0.00000017 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 16,620,027 coins. 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. Monero’s official website 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 the following cryptocurrency exchanges: Huobi, Mercatox, Graviex, OpenLedger DEX, Bisq, CoinEx, Bithumb, Tux Exchange, Upbit, Nanex, SouthXchange, Ovis, Bitfinex, Gate.io, Poloniex, HitBTC, Trade Satoshi, Coinbe, Waves Decentralized Exchange, Coindeal, OKEx, B2BX, Stocks.Exchange, Cryptopia, Livecoin, Binance, Bittrex, Exrates, BTC-Alpha, Cryptomate, DragonEX, BTC Trade UA, Crex24, Exmo, LiteBit.eu, Bitlish, Bitbns, BitBay, Instant Bitex, Liquid, Braziliex, Kraken, Coinroom, Coinut and TradeOgre. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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