Monero (CURRENCY:XMR) traded 1.8% lower against the dollar during the one day period ending at 18:00 PM E.T. on December 1st. One Monero coin can now be purchased for about $53.69 or 0.00722050 BTC on exchanges including Kraken, TradeOgre, Crex24 and HitBTC. Monero has a market cap of $930.66 million and approximately $32.62 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 10.9% higher against the dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded 7.7% lower against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- Monero Classic (XMC) traded 3.1% lower against the dollar and now trades at $0.30 or 0.00004050 BTC.
- DigitalNote (XDN) traded 12.5% higher against the dollar and now trades at $0.0006 or 0.00000008 BTC.
- Aeon (AEON) traded down 3.5% against the dollar and now trades at $0.18 or 0.00002424 BTC.
- Sumokoin (SUMO) traded up 49.8% against the dollar and now trades at $0.21 or 0.00002836 BTC.
- BitTube (TUBE) traded 1% lower against the dollar and now trades at $0.0087 or 0.00000117 BTC.
- Boolberry (BBR) traded 1.8% lower against the dollar and now trades at $0.14 or 0.00001853 BTC.
- BitNewChain (BTN) traded down 0.1% against the dollar and now trades at $0.0081 or 0.00000109 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 flat against the dollar and now trades at $0.0026 or 0.00000034 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 17,334,667 coins. The official message board for Monero is forum.getmonero.org. 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.
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 the following cryptocurrency exchanges: Crex24, CoinEx, Binance, Bithumb, Tux Exchange, Stocks.Exchange, Exmo, Liquid, Braziliex, Exrates, Trade Satoshi, OpenLedger DEX, Mercatox, Cryptopia, Poloniex, DragonEX, Coindeal, B2BX, Gate.io, Bitfinex, BTC-Alpha, Graviex, Upbit, Waves Decentralized Exchange, Kraken, SouthXchange, OKEx, LiteBit.eu, Huobi, Bitbns, Coinroom, Livecoin, Ovis, Bisq, Bitlish, Nanex, Instant Bitex, Bittrex, Coinut, BitBay, BTC Trade UA, TradeOgre, HitBTC, Cryptomate and Coinbe. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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