Monero (CURRENCY:XMR) traded down 0.7% against the dollar during the 1-day period ending at 8:00 AM E.T. on December 24th. Monero has a total market cap of $835.41 million and $109.04 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded 0.5% lower against the dollar. One Monero coin can now be purchased for $48.10 or 0.00643889 BTC on popular cryptocurrency exchanges including HitBTC, Livecoin, Instant Bitex and Coindeal.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded down 10.1% against the dollar and now trades at $0.0003 or 0.00000004 BTC.
- DigitalNote (XDN) traded down 2.5% against the dollar and now trades at $0.0005 or 0.00000007 BTC.
- Monero Classic (XMC) traded down 23% against the dollar and now trades at $0.19 or 0.00002610 BTC.
- Aeon (AEON) traded down 7.1% against the dollar and now trades at $0.16 or 0.00002109 BTC.
- Sumokoin (SUMO) traded down 4.4% against the dollar and now trades at $0.12 or 0.00001603 BTC.
- BitNewChain (BTN) traded 4.6% lower against the dollar and now trades at $0.0094 or 0.00000127 BTC.
- BitTube (TUBE) traded down 0.6% against the dollar and now trades at $0.0074 or 0.00000100 BTC.
- Boolberry (BBR) traded 4.4% lower against the dollar and now trades at $0.12 or 0.00001627 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 0.4% lower against the dollar and now trades at $0.0023 or 0.00000031 BTC.
Monero (XMR) 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 17,368,750 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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.
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: Stocks.Exchange, Liquid, OpenLedger DEX, Bisq, Instant Bitex, Coinbe, Livecoin, BTC-Alpha, Coinroom, Coinut, OKEx, CoinEx, Bithumb, Coindeal, SouthXchange, DragonEX, Waves Decentralized Exchange, Cryptopia, TradeOgre, Crex24, Poloniex, Nanex, Exrates, Ovis, BitBay, BTC Trade UA, Bittrex, Graviex, Bitfinex, Kraken, Trade Satoshi, Gate.io, Mercatox, LiteBit.eu, Tux Exchange, Binance, B2BX, Upbit, Cryptomate, Bitlish, Braziliex, HitBTC, Bitbns, Exmo and Huobi. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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