Monero (CURRENCY:XMR) traded down 7.8% against the US dollar during the 1-day period ending at 18:00 PM Eastern on December 6th. During the last seven days, Monero has traded 21.6% lower against the US dollar. Monero has a market capitalization of $795.24 million and approximately $16.31 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $47.83 or 0.01313200 BTC on popular cryptocurrency exchanges including Exmo, Braziliex, Crex24 and Kraken.
Here’s how related cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 8.4% lower against the dollar and now trades at $0.0006 or 0.00000018 BTC.
- DigitalNote (XDN) traded 8.8% lower against the dollar and now trades at $0.0013 or 0.00000035 BTC.
- BitNewChain (BTN) traded 4.8% lower against the dollar and now trades at $0.0383 or 0.00001051 BTC.
- Boolberry (BBR) traded 5.4% lower against the dollar and now trades at $0.53 or 0.00014633 BTC.
- Aeon (AEON) traded down 6.9% against the dollar and now trades at $0.26 or 0.00007074 BTC.
- BitTube (TUBE) traded down 7.5% against the dollar and now trades at $0.0302 or 0.00000829 BTC.
- Stellite (XTL) traded 8.4% lower against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- Karbo (KRB) traded 4.2% lower against the dollar and now trades at $0.0625 or 0.00001715 BTC.
- Sumokoin (SUMO) traded down 1.3% against the dollar and now trades at $0.0496 or 0.00001363 BTC.
- Digital Insurance Token (DIT) traded up 7.2% against the dollar and now trades at $0.0006 or 0.00000017 BTC.
Monero Coin Profile
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 16,625,496 coins. 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. 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 bought or sold on these cryptocurrency exchanges: Mercatox, HitBTC, BTC Trade UA, Instant Bitex, Coindeal, Trade Satoshi, BTC-Alpha, Coinut, Bithumb, Coinbe, Braziliex, Cryptopia, Bisq, Waves Decentralized Exchange, OpenLedger DEX, Stocks.Exchange, Binance, OKEx, SouthXchange, Gate.io, Livecoin, Kraken, TradeOgre, Bittrex, Cryptomate, CoinEx, Liquid, Bitlish, Ovis, Exmo, Coinroom, DragonEX, Bitbns, Crex24, LiteBit.eu, Exrates, Poloniex, Nanex, B2BX, Tux Exchange, Upbit, Bitfinex, BitBay, Huobi and Graviex. 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, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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