Monero (CURRENCY:XMR) traded 1.7% lower against the US dollar during the 1 day period ending at 19:00 PM E.T. on November 20th. Monero has a market capitalization of $1.00 billion and approximately $179.12 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded down 10.9% against the US dollar. One Monero coin can now be purchased for $57.97 or 0.00713755 BTC on popular cryptocurrency exchanges including Coindeal, OKEx, Liquid and Waves Decentralized Exchange.
Here’s how other cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded down 11.9% against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- Monero Classic (XMC) traded 0.1% higher against the dollar and now trades at $0.34 or 0.00004234 BTC.
- DigitalNote (XDN) traded 10.4% lower against the dollar and now trades at $0.0006 or 0.00000007 BTC.
- Aeon (AEON) traded down 1.9% against the dollar and now trades at $0.22 or 0.00002679 BTC.
- BitTube (TUBE) traded 2.1% higher against the dollar and now trades at $0.0099 or 0.00000122 BTC.
- Boolberry (BBR) traded 2.6% higher against the dollar and now trades at $0.15 or 0.00001821 BTC.
- BitNewChain (BTN) traded 20.3% lower against the dollar and now trades at $0.0080 or 0.00000099 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Sumokoin (SUMO) traded 34.6% higher against the dollar and now trades at $0.0984 or 0.00001212 BTC.
- Digital Insurance Token (DIT) traded up 1.9% against the dollar and now trades at $0.0028 or 0.00000035 BTC.
Monero Coin Profile
Monero 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 17,317,264 coins. Monero’s official message board 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. Monero’s official website is www.monero.cc.
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: Binance, OKEx, BTC Trade UA, Huobi, Exrates, Livecoin, Waves Decentralized Exchange, Coinbe, Bitlish, Cryptomate, Bisq, TradeOgre, Ovis, BitBay, Coindeal, Cryptopia, Bithumb, Poloniex, Exmo, Nanex, Graviex, DragonEX, LiteBit.eu, Bitfinex, Upbit, B2BX, BTC-Alpha, Trade Satoshi, Gate.io, Coinut, CoinEx, Crex24, Tux Exchange, HitBTC, Braziliex, Mercatox, OpenLedger DEX, Bitbns, Liquid, Stocks.Exchange, Bittrex, Kraken, Instant Bitex, SouthXchange and Coinroom. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
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