Monero (CURRENCY:XMR) traded down 0.1% against the dollar during the 24-hour period ending at 16:00 PM E.T. on April 28th. In the last week, Monero has traded 7.1% lower against the dollar. Monero has a market capitalization of $3.85 billion and $69.64 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for $240.87 or 0.02465430 BTC on major cryptocurrency exchanges including Bitbns, Binance, Coinroom and CoinEx.

Here is how other cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded up 6.2% against the dollar and now trades at $0.0071 or 0.00000073 BTC.
  • DigitalNote (XDN) traded 24.1% higher against the dollar and now trades at $0.0192 or 0.00000197 BTC.
  • Aeon (AEON) traded down 4.8% against the dollar and now trades at $1.88 or 0.00019280 BTC.
  • Boolberry (BBR) traded up 17.5% against the dollar and now trades at $1.51 or 0.00015498 BTC.
  • Interplanetary Broadcast Coin (IPBC) traded 7.2% lower against the dollar and now trades at $0.27 or 0.00002777 BTC.
  • Sumokoin (SUMO) traded 5.5% lower against the dollar and now trades at $2.49 or 0.00025447 BTC.
  • Karbo (KRB) traded 5.9% higher against the dollar and now trades at $0.68 or 0.00006916 BTC.
  • IntenseCoin (ITNS) traded 2.4% higher against the dollar and now trades at $0.0053 or 0.00000054 BTC.
  • LeviarCoin (XLC) traded down 5.4% against the dollar and now trades at $0.0827 or 0.00000847 BTC.
  • BitCoal (COAL) traded up 6.9% against the dollar and now trades at $0.0268 or 0.00000274 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 16,001,084 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. Monero’s official website 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: Exmo, Trade Satoshi, Bithumb, Cryptopia, BTC-Alpha, Gate.io, Cryptomate, Vebitcoin, Exrates, Octaex, Coinbe, Bisq, Poloniex, Bitfinex, Bitbns, TradeOgre, BuyUcoin, Coinut, Binance, Livecoin, B2BX, CoinEx, Ovis, OKEx, Bitlish, Bittrex, SouthXchange, Kraken, LiteBit.eu, Crex24, HitBTC, BuyBitcoin, BTC Trade UA, Tux Exchange, Braziliex, Upbit, Coinroom, Abucoins, Cryptox, Mercatox and Qryptos. It is usually not currently 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, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

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