Monero (CURRENCY:XMR) traded 4% higher against the dollar during the 1-day period ending at 7:00 AM Eastern on October 15th. Monero has a total market capitalization of $1.76 billion and $28.04 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded down 6.8% against the dollar. One Monero coin can currently be bought for $106.48 or 0.01590285 BTC on popular cryptocurrency exchanges including Gate.io, Bitfinex, SouthXchange and Waves Decentralized Exchange.
Here is how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded up 12.8% against the dollar and now trades at $0.0015 or 0.00000022 BTC.
- DigitalNote (XDN) traded 3.8% higher against the dollar and now trades at $0.0030 or 0.00000045 BTC.
- Boolberry (BBR) traded 6.5% higher against the dollar and now trades at $0.87 or 0.00012973 BTC.
- BitTube (TUBE) traded 0.2% higher against the dollar and now trades at $0.11 or 0.00001568 BTC.
- Aeon (AEON) traded 12% higher against the dollar and now trades at $0.53 or 0.00007858 BTC.
- BitNewChain (BTN) traded down 31.1% against the dollar and now trades at $0.0265 or 0.00000396 BTC.
- Stellite (XTL) traded 3.9% lower against the dollar and now trades at $0.0007 or 0.00000010 BTC.
- Sumokoin (SUMO) traded 1.2% higher against the dollar and now trades at $0.13 or 0.00001909 BTC.
- Karbo (KRB) traded up 8.1% against the dollar and now trades at $0.12 or 0.00001859 BTC.
- UltraNote Coin (XUN) traded down 6.8% against the dollar and now trades at $0.0005 or 0.00000008 BTC.
Monero (XMR) 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 16,490,270 coins. Monero’s official message board is . 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 .
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 traded on these cryptocurrency exchanges: Coinroom, Trade Satoshi, Bithumb, SouthXchange, OKEx, Huobi, Stocks.Exchange, Coinut, Bitbns, B2BX, Binance, BitBay, Nanex, LiteBit.eu, HitBTC, Graviex, Upbit, Poloniex, Gate.io, BTC-Alpha, Instant Bitex, Exrates, Ovis, DragonEX, Braziliex, Livecoin, Tux Exchange, Coinbe, Liquid, Bitfinex, Mercatox, Cryptopia, Kraken, Bittrex, Crex24, Exmo, Bisq, Cryptomate, TradeOgre, Waves Decentralized Exchange, BTC Trade UA, Bitlish, OpenLedger DEX, Coindeal and CoinEx. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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