Monero (CURRENCY:XMR) traded down 8% against the U.S. dollar during the one day period ending at 13:00 PM Eastern on November 20th. One Monero coin can currently be bought for about $52.24 or 0.01388856 BTC on popular exchanges including Crex24, Instant Bitex, Coindeal and Tux Exchange. Monero has a total market cap of $868.32 million and approximately $13.77 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded down 17.3% against the U.S. dollar.
Here’s how related cryptocurrencies have performed during the last day:
- Bytecoin (BCN) traded down 6% against the dollar and now trades at $0.0007 or 0.00000019 BTC.
- DigitalNote (XDN) traded down 3.8% against the dollar and now trades at $0.0014 or 0.00000037 BTC.
- Boolberry (BBR) traded down 5.8% against the dollar and now trades at $0.56 or 0.00014939 BTC.
- BitNewChain (BTN) traded up 32.4% against the dollar and now trades at $0.0378 or 0.00001004 BTC.
- Aeon (AEON) traded down 6.3% against the dollar and now trades at $0.28 or 0.00007354 BTC.
- BitTube (TUBE) traded 7.2% lower against the dollar and now trades at $0.0328 or 0.00000870 BTC.
- Stellite (XTL) traded 6.3% higher against the dollar and now trades at $0.0003 or 0.00000007 BTC.
- Karbo (KRB) traded down 3.6% against the dollar and now trades at $0.0649 or 0.00001724 BTC.
- Sumokoin (SUMO) traded 1.7% lower against the dollar and now trades at $0.0506 or 0.00001346 BTC.
- Digital Insurance Token (DIT) traded down 8.3% against the dollar and now trades at $0.0006 or 0.00000017 BTC.
Monero (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 16,622,614 coins. The official message board for Monero is forum.getmonero.org. 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 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 the following cryptocurrency exchanges: Crex24, TradeOgre, Coinut, Exrates, DragonEX, Tux Exchange, Braziliex, Bitfinex, Huobi, Coindeal, Livecoin, BTC-Alpha, Upbit, CoinEx, Coinroom, HitBTC, Waves Decentralized Exchange, B2BX, Gate.io, Exmo, Poloniex, OpenLedger DEX, Liquid, Graviex, BitBay, LiteBit.eu, Mercatox, Bithumb, Stocks.Exchange, Trade Satoshi, Kraken, Bitbns, BTC Trade UA, Instant Bitex, OKEx, Cryptopia, Bitlish, Binance, Bisq, Coinbe, Bittrex, Ovis, Nanex, Cryptomate and SouthXchange. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.
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