Monero Reaches One Day Trading Volume of $64.28 Million (XMR)

Monero (CURRENCY:XMR) traded 2.3% higher against the US dollar during the 24 hour period ending at 7:00 AM E.T. on February 22nd. In the last seven days, Monero has traded 9% higher against the US dollar. Monero has a total market capitalization of $873.77 million and approximately $64.28 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $51.98 or 0.01305466 BTC on major cryptocurrency exchanges including Coinut, DragonEX, OpenLedger DEX and TradeOgre.

Here’s how other cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 0.1% higher against the dollar and now trades at $0.0007 or 0.00000017 BTC.
  • BitNewChain (BTN) traded 31% higher against the dollar and now trades at $0.0452 or 0.00001137 BTC.
  • Boolberry (BBR) traded down 1.6% against the dollar and now trades at $0.60 or 0.00015126 BTC.
  • DigitalNote (XDN) traded 0.6% higher against the dollar and now trades at $0.0010 or 0.00000025 BTC.
  • Aeon (AEON) traded up 0.4% against the dollar and now trades at $0.31 or 0.00007812 BTC.
  • BitTube (TUBE) traded 2.5% higher against the dollar and now trades at $0.0239 or 0.00000602 BTC.
  • Stellite (XTL) traded down 9.5% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Karbo (KRB) traded 2.8% higher against the dollar and now trades at $0.0746 or 0.00001875 BTC.
  • Digital Insurance Token (DIT) traded 8.2% higher against the dollar and now trades at $0.0015 or 0.00000039 BTC.
  • Sumokoin (SUMO) traded up 5.1% against the dollar and now trades at $0.0256 or 0.00000643 BTC.

About 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 16,810,172 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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 website 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 traded on the following cryptocurrency exchanges: Nanex, OpenLedger DEX, Kraken, Crex24, Poloniex, CoinEx, Mercatox, Bisq, Ovis, Exmo, B2BX, BitBay, BTC-Alpha, Coinut, TradeOgre, Cryptomate, Instant Bitex, Cryptopia, Bithumb, Trade Satoshi, SouthXchange, Bitfinex, Graviex, Waves Decentralized Exchange, HitBTC, Upbit, BTC Trade UA, Exrates, Tux Exchange, Huobi, Coinroom, Bitbns, Liquid, DragonEX, Binance, LiteBit.eu, Stocks.Exchange, Coinbe, Bitlish, Bittrex, Livecoin, Gate.io, OKEx, Coindeal and Braziliex. 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 Gemini, GDAX 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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