Monero (CURRENCY:XMR) traded 4.2% higher against the U.S. dollar during the 1-day period ending at 11:00 AM ET on October 20th. Monero has a market capitalization of $976.40 million and approximately $72.81 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded 5.3% higher against the U.S. dollar. One Monero coin can currently be bought for approximately $56.54 or 0.00703241 BTC on cryptocurrency exchanges including Waves Decentralized Exchange, Mercatox, DragonEX and Crex24.
Here’s how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 0% higher against the dollar and now trades at $0.0004 or 0.00000005 BTC.
- Monero Classic (XMC) traded 0.7% lower against the dollar and now trades at $0.36 or 0.00004528 BTC.
- DigitalNote (XDN) traded down 0.6% against the dollar and now trades at $0.0006 or 0.00000007 BTC.
- Aeon (AEON) traded 1.3% higher against the dollar and now trades at $0.19 or 0.00002386 BTC.
- BitNewChain (BTN) traded 6.7% lower against the dollar and now trades at $0.0126 or 0.00000157 BTC.
- BitTube (TUBE) traded 1% higher against the dollar and now trades at $0.0098 or 0.00000122 BTC.
- Boolberry (BBR) traded 2.8% lower against the dollar and now trades at $0.14 or 0.00001781 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 16.8% higher against the dollar and now trades at $0.0022 or 0.00000028 BTC.
- Karbo (KRB) traded down 2.7% against the dollar and now trades at $0.0561 or 0.00000699 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 17,267,692 coins. Monero’s official message board is forum.getmonero.org. 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. 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. “
Monero Coin Trading
Monero can be bought or sold on the following cryptocurrency exchanges: Binance, TradeOgre, Cryptopia, Mercatox, Coinut, Coindeal, Livecoin, Nanex, Bitbns, Exmo, Crex24, Graviex, Coinroom, Waves Decentralized Exchange, OKEx, Tux Exchange, Bisq, DragonEX, Upbit, LiteBit.eu, Braziliex, HitBTC, Poloniex, OpenLedger DEX, Trade Satoshi, Liquid, Stocks.Exchange, B2BX, Exrates, Bithumb, CoinEx, Kraken, Instant Bitex, Gate.io, BitBay, Bittrex, Huobi, Coinbe, SouthXchange, BTC-Alpha, Bitfinex, Cryptomate, Ovis, BTC Trade UA and Bitlish. It is usually not currently 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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