Monero (CURRENCY:XMR) traded down 0.4% against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on April 15th. One Monero coin can now be purchased for approximately $233.22 or 0.02489800 BTC on exchanges including CoinEx, Trade Satoshi, Kraken and Qryptos. During the last seven days, Monero has traded down 3.3% against the U.S. dollar. Monero has a total market capitalization of $3.73 billion and $44.42 million worth of Monero was traded on exchanges in the last 24 hours.

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

  • Bytecoin (BCN) traded 5.5% lower against the dollar and now trades at $0.0068 or 0.00000072 BTC.
  • DigitalNote (XDN) traded down 4% against the dollar and now trades at $0.0167 or 0.00000179 BTC.
  • Boolberry (BBR) traded up 52.3% against the dollar and now trades at $2.67 or 0.00028499 BTC.
  • Aeon (AEON) traded 3.9% higher against the dollar and now trades at $1.86 or 0.00019864 BTC.
  • Interplanetary Broadcast Coin (IPBC) traded down 9.2% against the dollar and now trades at $0.26 or 0.00002725 BTC.
  • Sumokoin (SUMO) traded down 16.2% against the dollar and now trades at $2.01 or 0.00021477 BTC.
  • Karbo (KRB) traded down 4.3% against the dollar and now trades at $0.62 or 0.00006594 BTC.
  • IntenseCoin (ITNS) traded 0.2% higher against the dollar and now trades at $0.0052 or 0.00000056 BTC.
  • LeviarCoin (XLC) traded down 13.5% against the dollar and now trades at $0.0776 or 0.00000823 BTC.
  • Leviar (XLC) traded down 13.1% against the dollar and now trades at $0.0757 or 0.00000808 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 16,008,140 coins. Monero’s official website is www.monero.cc. 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. 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 bought or sold on the following cryptocurrency exchanges: Mercatox, TradeOgre, Exmo, Qryptos, Coinbe, Kraken, Coinroom, BTC-Alpha, Binance, Cryptopia, OKEx, Bitbns, Tux Exchange, Gate.io, Livecoin, Exrates, BTC Trade UA, BuyBitcoin, Octaex, Trade Satoshi, Cryptox, LiteBit.eu, BuyUcoin, Bitlish, Upbit, Bithumb, Abucoins, Braziliex, Cryptomate, Bitfinex, Poloniex, SouthXchange, B2BX, Bittrex, CoinEx, HitBTC, Bisq, Vebitcoin, Coinut, Ovis and Crex24. It is usually not currently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

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