Monero (XMR) Price Hits $54.35

Monero (CURRENCY:XMR) traded up 1.8% against the US dollar during the 1 day period ending at 11:00 AM Eastern on December 3rd. One Monero coin can currently be purchased for approximately $54.35 or 0.00739397 BTC on cryptocurrency exchanges including Gate.io, Poloniex, OKEx and B2BX. Over the last week, Monero has traded up 5.3% against the US dollar. Monero has a market cap of $942.23 million and approximately $144.68 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded 3.6% lower against the dollar and now trades at $0.0003 or 0.00000004 BTC.
  • Monero Classic (XMC) traded up 237.4% against the dollar and now trades at $0.91 or 0.00012422 BTC.
  • DigitalNote (XDN) traded up 9.2% against the dollar and now trades at $0.0005 or 0.00000007 BTC.
  • Aeon (AEON) traded up 7.6% against the dollar and now trades at $0.19 or 0.00002638 BTC.
  • Sumokoin (SUMO) traded 11.4% lower against the dollar and now trades at $0.23 or 0.00003106 BTC.
  • BitTube (TUBE) traded 2.4% lower against the dollar and now trades at $0.0083 or 0.00000113 BTC.
  • Boolberry (BBR) traded up 1.1% against the dollar and now trades at $0.14 or 0.00001852 BTC.
  • BitNewChain (BTN) traded 0.6% higher against the dollar and now trades at $0.0081 or 0.00000110 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded 0.6% higher against the dollar and now trades at $0.0025 or 0.00000034 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 17,337,268 coins. The official message board for Monero is forum.getmonero.org. 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. 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. “

Buying and Selling Monero

Monero can be purchased on the following cryptocurrency exchanges: Bisq, LiteBit.eu, SouthXchange, Braziliex, Stocks.Exchange, Crex24, BTC-Alpha, Coinroom, B2BX, CoinEx, Upbit, Coinbe, Liquid, Bitlish, BTC Trade UA, Livecoin, OpenLedger DEX, Huobi, Cryptomate, Binance, Gate.io, BitBay, Ovis, Nanex, HitBTC, Kraken, OKEx, Bithumb, Exmo, Poloniex, Instant Bitex, Tux Exchange, Exrates, Waves Decentralized Exchange, TradeOgre, Coindeal, Bitbns, Coinut, Bitfinex, Bittrex, Graviex, DragonEX, Cryptopia, Trade Satoshi and Mercatox. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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