Monero (CURRENCY:XMR) traded 2.4% higher against the US dollar during the 1 day period ending at 20:00 PM Eastern on March 19th. Over the last week, Monero has traded 6.4% higher against the US dollar. One Monero coin can now be purchased for approximately $54.89 or 0.01343956 BTC on major cryptocurrency exchanges including Mercatox, Coinut, Cryptopia and Bitlish. Monero has a market cap of $925.73 million and approximately $99.83 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded down 0.3% against the dollar and now trades at $0.0008 or 0.00000019 BTC.
- BitNewChain (BTN) traded down 11.3% against the dollar and now trades at $0.0450 or 0.00001103 BTC.
- DigitalNote (XDN) traded down 0.4% against the dollar and now trades at $0.0012 or 0.00000028 BTC.
- Boolberry (BBR) traded up 0.9% against the dollar and now trades at $0.61 or 0.00015036 BTC.
- BitTube (TUBE) traded up 7.9% against the dollar and now trades at $0.0480 or 0.00001176 BTC.
- Aeon (AEON) traded 0.1% lower against the dollar and now trades at $0.31 or 0.00007674 BTC.
- Stellite (XTL) traded down 1.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded up 6.8% against the dollar and now trades at $0.0666 or 0.00001632 BTC.
- Digital Insurance Token (DIT) traded 12.1% higher against the dollar and now trades at $0.0019 or 0.00000047 BTC.
- Sumokoin (SUMO) traded 0.5% higher against the dollar and now trades at $0.0273 or 0.00000668 BTC.
Monero Coin Profile
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 16,863,876 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official website for Monero is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero 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 these cryptocurrency exchanges: SouthXchange, TradeOgre, Bitfinex, Livecoin, CoinEx, Huobi, Exrates, Bitlish, Coinut, Coinroom, BTC Trade UA, Poloniex, BTC-Alpha, BitBay, Binance, Crex24, Bitbns, B2BX, DragonEX, Liquid, Coindeal, Bithumb, Bisq, Ovis, OKEx, Exmo, Trade Satoshi, OpenLedger DEX, Mercatox, Nanex, Graviex, Kraken, Upbit, Coinbe, LiteBit.eu, Cryptopia, Tux Exchange, Braziliex, Gate.io, Cryptomate, Waves Decentralized Exchange, Bittrex, Stocks.Exchange, Instant Bitex and HitBTC. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
Receive News & Updates for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.