Monero (CURRENCY:XMR) traded down 0.5% against the U.S. dollar during the 24-hour period ending at 18:00 PM ET on September 25th. Monero has a market cap of $1.86 billion and approximately $163.06 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded down 1.4% against the U.S. dollar. One Monero coin can currently be bought for $112.68 or 0.01712623 BTC on major exchanges including Ovis, Liquid, Cryptopia and Bithumb.
Here is how other cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded down 4% against the dollar and now trades at $0.0017 or 0.00000026 BTC.
- DigitalNote (XDN) traded 0.7% lower against the dollar and now trades at $0.0034 or 0.00000051 BTC.
- BitNewChain (BTN) traded 6.8% lower against the dollar and now trades at $0.0740 or 0.00001124 BTC.
- Boolberry (BBR) traded 7.2% higher against the dollar and now trades at $0.86 or 0.00013048 BTC.
- BitTube (TUBE) traded up 2.5% against the dollar and now trades at $0.0904 or 0.00001374 BTC.
- Aeon (AEON) traded up 0.3% against the dollar and now trades at $0.49 or 0.00007446 BTC.
- Stellite (XTL) traded 1.6% lower against the dollar and now trades at $0.0006 or 0.00000009 BTC.
- Sumokoin (SUMO) traded 1.1% lower against the dollar and now trades at $0.14 or 0.00002186 BTC.
- Karbo (KRB) traded up 5.7% against the dollar and now trades at $0.13 or 0.00002047 BTC.
- UltraNote Coin (XUN) traded up 7% against the dollar and now trades at $0.0006 or 0.00000009 BTC.
Monero Coin Profile
Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 16,477,913 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible 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: LiteBit.eu, Bitbns, Liquid, Tux Exchange, Instant Bitex, Binance, BTC-Alpha, HitBTC, Exmo, CoinEx, Bittrex, SouthXchange, Nanex, Coinut, OpenLedger DEX, Cryptopia, Bithumb, Livecoin, Poloniex, Bisq, DragonEX, Bitfinex, Mercatox, BTC Trade UA, Braziliex, Coinroom, Ovis, Kraken, Stocks.Exchange, Coinbe, OKEx, Bitlish, Exrates, Graviex, Trade Satoshi, BitBay, Coindeal, Upbit, Waves Decentralized Exchange, B2BX, Crex24, Huobi, TradeOgre, Gate.io and Cryptomate. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX 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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