Monero (CURRENCY:XMR) traded down 7.9% against the dollar during the one day period ending at 16:00 PM Eastern on June 26th. Monero has a market capitalization of $1.77 billion and $271.55 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for about $103.66 or 0.00845742 BTC on cryptocurrency exchanges including Bitfinex, Exmo, Liquid and DragonEX. Over the last seven days, Monero has traded up 3.8% against the dollar.
Here’s how similar cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded down 0.8% against the dollar and now trades at $0.0010 or 0.00000008 BTC.
- Aeon (AEON) traded 19.8% lower against the dollar and now trades at $0.85 or 0.00006949 BTC.
- DigitalNote (XDN) traded 11.1% lower against the dollar and now trades at $0.0015 or 0.00000012 BTC.
- BitNewChain (BTN) traded down 2.6% against the dollar and now trades at $0.0476 or 0.00000387 BTC.
- Boolberry (BBR) traded 8.6% lower against the dollar and now trades at $0.52 or 0.00004206 BTC.
- BitTube (TUBE) traded down 10.2% against the dollar and now trades at $0.0316 or 0.00000258 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 11.4% higher against the dollar and now trades at $0.0053 or 0.00000043 BTC.
- Karbo (KRB) traded up 4.5% against the dollar and now trades at $0.10 or 0.00000852 BTC.
- Sumokoin (SUMO) traded 4.1% higher against the dollar and now trades at $0.0467 or 0.00000379 BTC.
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 17,064,682 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org.
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 the following cryptocurrency exchanges: Bittrex, CoinEx, Coinut, Mercatox, Trade Satoshi, BTC Trade UA, Stocks.Exchange, Bitlish, Coinroom, OKEx, Crex24, Exmo, BitBay, Tux Exchange, Exrates, Waves Decentralized Exchange, Binance, Ovis, LiteBit.eu, Braziliex, Coinbe, Bisq, Upbit, Instant Bitex, OpenLedger DEX, Nanex, Graviex, Huobi, DragonEX, Cryptomate, B2BX, TradeOgre, Coindeal, BTC-Alpha, Gate.io, Cryptopia, HitBTC, Livecoin, Bithumb, SouthXchange, Poloniex, Bitbns, Liquid, Bitfinex and Kraken. It is usually not 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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