Monero (CURRENCY:XMR) traded up 0.3% against the US dollar during the 24-hour period ending at 15:00 PM ET on November 19th. One Monero coin can now be bought for $59.53 or 0.00727479 BTC on popular exchanges including Braziliex, Nanex, Liquid and Waves Decentralized Exchange. During the last week, Monero has traded down 5.1% against the US dollar. Monero has a total market cap of $1.03 billion and $187.11 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how related cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded down 7.2% against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- Monero Classic (XMC) traded down 0.8% against the dollar and now trades at $0.34 or 0.00004110 BTC.
- DigitalNote (XDN) traded 10.1% higher against the dollar and now trades at $0.0007 or 0.00000008 BTC.
- Aeon (AEON) traded 2.3% lower against the dollar and now trades at $0.22 or 0.00002701 BTC.
- BitTube (TUBE) traded down 6.1% against the dollar and now trades at $0.0095 or 0.00000116 BTC.
- Boolberry (BBR) traded down 1.5% against the dollar and now trades at $0.14 or 0.00001755 BTC.
- BitNewChain (BTN) traded 30.4% lower against the dollar and now trades at $0.0101 or 0.00000124 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Sumokoin (SUMO) traded 32% higher against the dollar and now trades at $0.0683 or 0.00000834 BTC.
- Digital Insurance Token (DIT) traded 0.5% higher against the dollar and now trades at $0.0028 or 0.00000034 BTC.
Monero Coin Profile
Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,315,340 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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.
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 traded on the following cryptocurrency exchanges: Cryptopia, Bisq, Bithumb, Coindeal, Coinroom, Mercatox, OKEx, Coinut, Gate.io, Instant Bitex, Bittrex, Nanex, CoinEx, Cryptomate, Liquid, Crex24, Stocks.Exchange, Binance, Bitfinex, LiteBit.eu, Huobi, Poloniex, Coinbe, Livecoin, Waves Decentralized Exchange, Bitlish, Exmo, B2BX, Graviex, Exrates, BTC Trade UA, TradeOgre, Bitbns, SouthXchange, Ovis, DragonEX, Upbit, Braziliex, Kraken, Trade Satoshi, HitBTC, OpenLedger DEX, BitBay, Tux Exchange and BTC-Alpha. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.
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