Monero (CURRENCY:XMR) traded 2.5% lower against the dollar during the 1 day period ending at 12:00 PM ET on May 27th. One Monero coin can now be bought for about $163.43 or 0.02226600 BTC on cryptocurrency exchanges including Exrates, BTC-Alpha, OKEx and LiteBit.eu. Monero has a market capitalization of $2.63 billion and approximately $25.23 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded down 19% against the dollar.

Here’s how similar cryptocurrencies have performed during the last day:

  • Bytecoin (BCN) traded down 9.7% against the dollar and now trades at $0.0060 or 0.00000082 BTC.
  • DigitalNote (XDN) traded down 4.2% against the dollar and now trades at $0.0106 or 0.00000144 BTC.
  • Aeon (AEON) traded 6.7% lower against the dollar and now trades at $1.58 or 0.00021589 BTC.
  • Boolberry (BBR) traded down 4.6% against the dollar and now trades at $1.32 or 0.00018026 BTC.
  • Interplanetary Broadcast Coin (IPBC) traded 2.6% higher against the dollar and now trades at $0.18 or 0.00002206 BTC.
  • Sumokoin (SUMO) traded 3.8% lower against the dollar and now trades at $1.26 or 0.00017118 BTC.
  • Karbo (KRB) traded 7.1% lower against the dollar and now trades at $0.63 or 0.00008595 BTC.
  • Stellite (XTL) traded down 4% against the dollar and now trades at $0.0008 or 0.00000011 BTC.
  • IntenseCoin (ITNS) traded 5.4% lower against the dollar and now trades at $0.0037 or 0.00000050 BTC.
  • LeviarCoin (XLC) traded 13.5% lower against the dollar and now trades at $0.0776 or 0.00000823 BTC.

About Monero

Monero (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 16,072,994 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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 message board 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. “

Monero Coin Trading

Monero can be purchased on these cryptocurrency exchanges: Bisq, Cryptox, B2BX, Bitlish, Cryptopia, HitBTC, Abucoins, Ovis, Livecoin, Poloniex, Exrates, Bittrex, Crex24, Coinut, Qryptos, Mercatox, Gate.io, OKEx, Bithumb, Octaex, Trade Satoshi, Upbit, Tux Exchange, Coinbe, SouthXchange, Kraken, Braziliex, LiteBit.eu, BTC Trade UA, Cryptomate, Binance, Bitbns, Exmo, Bitfinex, TradeOgre, CoinEx, BTC-Alpha and Coinroom. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

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