Monero (CURRENCY:XMR) traded 15.3% lower against the US dollar during the 1-day period ending at 14:00 PM E.T. on June 10th. Over the last week, Monero has traded down 22% against the US dollar. One Monero coin can now be purchased for $133.76 or 0.01971070 BTC on popular exchanges including Coinroom, LiteBit.eu, Abucoins and Bitbns. Monero has a market capitalization of $2.16 billion and $39.92 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded 15.3% lower against the dollar and now trades at $0.0048 or 0.00000071 BTC.
  • DigitalNote (XDN) traded 13% lower against the dollar and now trades at $0.0078 or 0.00000115 BTC.
  • Aeon (AEON) traded down 10% against the dollar and now trades at $1.51 or 0.00022184 BTC.
  • Boolberry (BBR) traded down 14% against the dollar and now trades at $0.92 or 0.00013500 BTC.
  • Interplanetary Broadcast Coin (IPBC) traded 2.6% higher against the dollar and now trades at $0.18 or 0.00002206 BTC.
  • Karbo (KRB) traded down 8.6% against the dollar and now trades at $0.50 or 0.00007412 BTC.
  • Sumokoin (SUMO) traded down 4.3% against the dollar and now trades at $0.40 or 0.00005881 BTC.
  • Stellite (XTL) traded down 20.1% against the dollar and now trades at $0.0005 or 0.00000008 BTC.
  • IntenseCoin (ITNS) traded down 14.3% against the dollar and now trades at $0.0028 or 0.00000041 BTC.
  • LeviarCoin (XLC) traded 13.5% lower against the dollar and now trades at $0.0776 or 0.00000823 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 16,118,258 coins. 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. The official message board for Monero is forum.getmonero.org.

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 the following cryptocurrency exchanges: Cryptopia, Trade Satoshi, Bittrex, LiteBit.eu, Octaex, Coinbe, Coinroom, BTC-Alpha, Bitbns, Mercatox, Braziliex, CoinEx, Crex24, Abucoins, Qryptos, Exrates, Bitlish, HitBTC, OKEx, Cryptomate, Ovis, Upbit, Kraken, Livecoin, Bisq, Poloniex, SouthXchange, Cryptox, B2BX, TradeOgre, Tux Exchange, Gate.io, Bithumb, Binance, Exmo, BTC Trade UA, Bitfinex and Coinut. 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

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