Monero (CURRENCY:XMR) traded up 1.1% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on November 25th. Monero has a total market capitalization of $883.82 million and $152.71 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for approximately $51.02 or 0.00708880 BTC on exchanges including Bisq, OKEx, Binance and Stocks.Exchange. Over the last week, Monero has traded 16.8% lower against the US dollar.
Here is how related cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded 9.7% higher against the dollar and now trades at $0.0003 or 0.00000005 BTC.
- Monero Classic (XMC) traded up 2.5% against the dollar and now trades at $0.30 or 0.00004234 BTC.
- DigitalNote (XDN) traded down 12.8% against the dollar and now trades at $0.0004 or 0.00000006 BTC.
- Aeon (AEON) traded up 6.1% against the dollar and now trades at $0.20 or 0.00002742 BTC.
- BitTube (TUBE) traded down 1.8% against the dollar and now trades at $0.0086 or 0.00000120 BTC.
- Boolberry (BBR) traded 2.6% higher against the dollar and now trades at $0.14 or 0.00001888 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- BitNewChain (BTN) traded down 17.3% against the dollar and now trades at $0.0062 or 0.00000086 BTC.
- Sumokoin (SUMO) traded up 8.2% against the dollar and now trades at $0.11 or 0.00001540 BTC.
- Digital Insurance Token (DIT) traded flat against the dollar and now trades at $0.0024 or 0.00000033 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,324,278 coins. 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. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here.
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 these cryptocurrency exchanges: HitBTC, Cryptopia, Coinbe, Poloniex, BitBay, Bitlish, Braziliex, Upbit, Trade Satoshi, Gate.io, Instant Bitex, Nanex, Bisq, Stocks.Exchange, OKEx, OpenLedger DEX, BTC Trade UA, LiteBit.eu, Coinut, Bitbns, BTC-Alpha, CoinEx, Coinroom, Huobi, Tux Exchange, Waves Decentralized Exchange, B2BX, Livecoin, Exrates, Bittrex, Liquid, Binance, Ovis, Cryptomate, Kraken, Bitfinex, Bithumb, SouthXchange, Exmo, Graviex, DragonEX, Mercatox, TradeOgre, Coindeal and Crex24. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.
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