Monero (CURRENCY:XMR) traded 1.8% lower against the dollar during the twenty-four hour period ending at 16:00 PM Eastern on December 26th. Monero has a total market capitalization of $790.05 million and $88.68 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $45.48 or 0.00623895 BTC on exchanges including TradeOgre, OpenLedger DEX, Bithumb and Graviex. During the last seven days, Monero has traded 4.5% lower against the dollar.
Here is how related cryptocurrencies have performed during the last day:
- Bytecoin (BCN) traded up 4.9% against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- Monero Classic (XMC) traded up 2.1% against the dollar and now trades at $0.26 or 0.00003575 BTC.
- DigitalNote (XDN) traded up 9.6% against the dollar and now trades at $0.0006 or 0.00000008 BTC.
- Aeon (AEON) traded down 0.5% against the dollar and now trades at $0.16 or 0.00002201 BTC.
- BitTube (TUBE) traded 23.8% higher against the dollar and now trades at $0.0103 or 0.00000141 BTC.
- Sumokoin (SUMO) traded 3.6% lower against the dollar and now trades at $0.12 or 0.00001637 BTC.
- Boolberry (BBR) traded 5.2% higher against the dollar and now trades at $0.13 or 0.00001775 BTC.
- BitNewChain (BTN) traded 0.1% higher against the dollar and now trades at $0.0093 or 0.00000128 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 up 0.4% against the dollar and now trades at $0.0021 or 0.00000029 BTC.
Monero Coin Profile
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 17,372,266 coins. Monero’s official website is www.monero.cc. The official message board for Monero 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.
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 purchased on these cryptocurrency exchanges: Crex24, OpenLedger DEX, Liquid, Bitbns, Bitfinex, Bitlish, DragonEX, Ovis, Kraken, B2BX, BTC Trade UA, Huobi, Coinut, Trade Satoshi, Waves Decentralized Exchange, CoinEx, LiteBit.eu, Braziliex, Coindeal, Nanex, Stocks.Exchange, BTC-Alpha, Poloniex, Mercatox, TradeOgre, Bisq, Coinbe, Bittrex, HitBTC, Graviex, Cryptomate, Instant Bitex, Upbit, BitBay, Tux Exchange, OKEx, Gate.io, Coinroom, Livecoin, Cryptopia, Binance, Bithumb, Exmo, Exrates and SouthXchange. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.
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