Monero (CURRENCY:XMR) traded flat against the US dollar during the 1 day period ending at 9:00 AM ET on October 11th. Monero has a total market cap of $962.09 million and approximately $67.77 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $55.76 or 0.00666860 BTC on exchanges including DragonEX, Bisq, Exmo and Ovis. In the last seven days, Monero has traded down 1.3% against the US dollar.
Here is how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded down 5.3% against the dollar and now trades at $0.0004 or 0.00000005 BTC.
- Monero Classic (XMC) traded up 7.3% against the dollar and now trades at $0.36 or 0.00004327 BTC.
- DigitalNote (XDN) traded up 19.2% against the dollar and now trades at $0.0008 or 0.00000009 BTC.
- BitNewChain (BTN) traded 36.6% higher against the dollar and now trades at $0.0192 or 0.00000230 BTC.
- Aeon (AEON) traded down 8.3% against the dollar and now trades at $0.18 or 0.00002168 BTC.
- Boolberry (BBR) traded down 3.5% against the dollar and now trades at $0.18 or 0.00002127 BTC.
- BitTube (TUBE) traded 1% lower against the dollar and now trades at $0.0102 or 0.00000122 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 $0.0029 or 0.00000034 BTC.
- Karbo (KRB) traded down 2.4% against the dollar and now trades at $0.0566 or 0.00000676 BTC.
Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 17,252,817 coins. 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. The official website for Monero is www.monero.cc. 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 the following cryptocurrency exchanges: Crex24, Bitlish, Coinroom, Coinbe, B2BX, Exrates, Bitbns, Exmo, HitBTC, Trade Satoshi, Ovis, Coinut, OpenLedger DEX, BTC Trade UA, Huobi, BTC-Alpha, Cryptopia, Mercatox, Livecoin, DragonEX, TradeOgre, Kraken, Braziliex, Poloniex, Upbit, CoinEx, Stocks.Exchange, Graviex, Cryptomate, Bittrex, Bithumb, Gate.io, OKEx, BitBay, Coindeal, Waves Decentralized Exchange, Bitfinex, SouthXchange, Instant Bitex, Liquid, Binance, Bisq, Nanex, LiteBit.eu and Tux Exchange. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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