Monero (CURRENCY:XMR) traded 1.4% higher against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on October 30th. Over the last week, Monero has traded down 4.9% against the U.S. dollar. One Monero coin can currently be purchased for $102.73 or 0.01626210 BTC on major exchanges including BTC Trade UA, Ovis, Coinbe and LiteBit.eu. Monero has a market cap of $1.70 billion and approximately $15.21 million worth of Monero was traded on exchanges in the last 24 hours.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded 0.3% higher against the dollar and now trades at $0.0013 or 0.00000020 BTC.
- DigitalNote (XDN) traded up 0.6% against the dollar and now trades at $0.0029 or 0.00000047 BTC.
- Boolberry (BBR) traded up 0.2% against the dollar and now trades at $0.91 or 0.00014419 BTC.
- BitNewChain (BTN) traded 26.1% lower against the dollar and now trades at $0.0469 or 0.00000742 BTC.
- BitTube (TUBE) traded down 0.6% against the dollar and now trades at $0.0852 or 0.00001349 BTC.
- Aeon (AEON) traded 2.6% lower against the dollar and now trades at $0.52 or 0.00008286 BTC.
- Stellite (XTL) traded up 7.3% against the dollar and now trades at $0.0008 or 0.00000012 BTC.
- Sumokoin (SUMO) traded 0.4% higher against the dollar and now trades at $0.11 or 0.00001716 BTC.
- UltraNote Coin (XUN) traded 5.7% higher against the dollar and now trades at $0.0006 or 0.00000009 BTC.
- Karbo (KRB) traded 0.3% lower against the dollar and now trades at $0.10 or 0.00001640 BTC.
Monero 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 16,531,035 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. 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. “
Buying and Selling Monero
Monero can be purchased on these cryptocurrency exchanges: Coinut, Tux Exchange, Stocks.Exchange, Livecoin, Upbit, TradeOgre, LiteBit.eu, Bitbns, DragonEX, Huobi, Bitlish, Kraken, Coinbe, Liquid, Gate.io, Bitfinex, Crex24, Braziliex, Coinroom, OKEx, Exmo, SouthXchange, Graviex, Ovis, Binance, Nanex, OpenLedger DEX, Waves Decentralized Exchange, Trade Satoshi, Instant Bitex, Cryptopia, Exrates, B2BX, Poloniex, BitBay, Coindeal, BTC-Alpha, BTC Trade UA, Bisq, Bittrex, Mercatox, Bithumb, HitBTC, Cryptomate and CoinEx. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire 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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