Monero (CURRENCY:XMR) traded 3% higher against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on May 13th. One Monero coin can now be purchased for $204.35 or 0.02385910 BTC on popular cryptocurrency exchanges including Coinut, Bittrex, Bitfinex and BTC-Alpha. Monero has a market capitalization of $3.28 billion and $32.55 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded 3% lower against the U.S. dollar.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded up 8.5% against the dollar and now trades at $0.0097 or 0.00000113 BTC.
- DigitalNote (XDN) traded up 2.8% against the dollar and now trades at $0.0133 or 0.00000155 BTC.
- Aeon (AEON) traded 4.8% higher against the dollar and now trades at $1.99 or 0.00023234 BTC.
- Boolberry (BBR) traded down 17% against the dollar and now trades at $1.40 or 0.00016371 BTC.
- Interplanetary Broadcast Coin (IPBC) traded up 2.6% against the dollar and now trades at $0.18 or 0.00002206 BTC.
- Sumokoin (SUMO) traded down 0.4% against the dollar and now trades at $1.75 or 0.00020380 BTC.
- Karbo (KRB) traded up 3.2% against the dollar and now trades at $0.53 or 0.00006239 BTC.
- Stellite (XTL) traded 0.3% higher against the dollar and now trades at $0.0010 or 0.00000012 BTC.
- IntenseCoin (ITNS) traded down 0.7% against the dollar and now trades at $0.0037 or 0.00000043 BTC.
- LeviarCoin (XLC) traded down 13.5% against the dollar and now trades at $0.0776 or 0.00000823 BTC.
XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 16,050,921 coins. 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. The official website for Monero 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 traded on the following cryptocurrency exchanges: OKEx, Bitfinex, Bisq, TradeOgre, Bithumb, Cryptox, Bitlish, Qryptos, Cryptomate, Bitbns, Exmo, BTC-Alpha, B2BX, Upbit, Coinroom, Coinbe, Tux Exchange, Gate.io, Octaex, Bittrex, Kraken, Exrates, Abucoins, Braziliex, Trade Satoshi, Mercatox, CoinEx, LiteBit.eu, SouthXchange, Ovis, Poloniex, Binance, Livecoin, Cryptopia, Coinut, Crex24, HitBTC and BTC Trade UA. It is usually not presently 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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