Monero (CURRENCY:XMR) traded 0.2% lower against the U.S. dollar during the 1 day period ending at 22:00 PM ET on October 14th. Monero has a market cap of $916.44 million and $62.10 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for approximately $53.10 or 0.00635617 BTC on major cryptocurrency exchanges including Liquid, SouthXchange, B2BX and Bittrex. During the last week, Monero has traded down 6.3% against the U.S. dollar.
Here’s how other cryptocurrencies have performed during the last day:
- Bytecoin (BCN) traded 2% higher against the dollar and now trades at $0.0004 or 0.00000005 BTC.
- Monero Classic (XMC) traded down 1.7% against the dollar and now trades at $0.36 or 0.00004274 BTC.
- DigitalNote (XDN) traded 7.8% lower against the dollar and now trades at $0.0007 or 0.00000008 BTC.
- Aeon (AEON) traded 3.9% lower against the dollar and now trades at $0.17 or 0.00002089 BTC.
- BitNewChain (BTN) traded down 49.9% against the dollar and now trades at $0.0126 or 0.00000151 BTC.
- BitTube (TUBE) traded 1.9% lower against the dollar and now trades at $0.0102 or 0.00000122 BTC.
- Boolberry (BBR) traded 2.5% higher against the dollar and now trades at $0.15 or 0.00001828 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded up 0.5% against the dollar and now trades at $0.0569 or 0.00000680 BTC.
- Digital Insurance Token (DIT) traded up 4% against the dollar and now trades at $0.0017 or 0.00000021 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,258,637 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.monero.cc. Monero’s official message board is forum.getmonero.org. 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 these cryptocurrency exchanges: OKEx, Coinbe, Tux Exchange, Bitbns, Coindeal, Braziliex, Trade Satoshi, Binance, Bittrex, Waves Decentralized Exchange, Gate.io, Kraken, TradeOgre, BitBay, DragonEX, Bithumb, Graviex, BTC-Alpha, Cryptopia, Coinut, Bisq, OpenLedger DEX, Bitfinex, Poloniex, Ovis, BTC Trade UA, CoinEx, Exmo, Liquid, Huobi, Stocks.Exchange, HitBTC, Upbit, Cryptomate, SouthXchange, B2BX, Coinroom, Exrates, LiteBit.eu, Instant Bitex, Crex24, Nanex, Mercatox, Livecoin and Bitlish. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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