Monero (CURRENCY:XMR) traded up 2.9% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM E.T. on December 22nd. During the last week, Monero has traded 8.3% lower against the U.S. dollar. Monero has a total market capitalization of $813.02 million and approximately $111.80 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $46.82 or 0.00634877 BTC on exchanges including Crex24, Tux Exchange, Trade Satoshi and Ovis.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 12.7% higher against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- DigitalNote (XDN) traded down 3% against the dollar and now trades at $0.0005 or 0.00000007 BTC.
- Monero Classic (XMC) traded 19.4% lower against the dollar and now trades at $0.21 or 0.00002853 BTC.
- Aeon (AEON) traded up 0.5% against the dollar and now trades at $0.16 or 0.00002233 BTC.
- Sumokoin (SUMO) traded 7% lower against the dollar and now trades at $0.11 or 0.00001489 BTC.
- BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0098 or 0.00000135 BTC.
- Boolberry (BBR) traded up 7.7% against the dollar and now trades at $0.13 or 0.00001777 BTC.
- BitTube (TUBE) traded 1.4% higher against the dollar and now trades at $0.0073 or 0.00000100 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded up 1.1% against the dollar and now trades at $0.0023 or 0.00000031 BTC.
Monero Coin Profile
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 17,366,107 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.monero.cc. 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.
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 these cryptocurrency exchanges: Liquid, Coinroom, Stocks.Exchange, BTC-Alpha, Bitlish, Cryptopia, Huobi, Cryptomate, Bitfinex, DragonEX, Binance, LiteBit.eu, SouthXchange, Coindeal, Exmo, Bithumb, Instant Bitex, Graviex, Coinbe, BitBay, Braziliex, Upbit, Mercatox, Trade Satoshi, CoinEx, Poloniex, Ovis, Kraken, Crex24, Livecoin, Gate.io, Waves Decentralized Exchange, HitBTC, B2BX, Bitbns, OKEx, OpenLedger DEX, Tux Exchange, Exrates, Bisq, Coinut, TradeOgre, Bittrex, Nanex and BTC Trade UA. It is usually not currently 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 GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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