Monero (CURRENCY:XMR) traded down 6.5% against the dollar during the 24 hour period ending at 22:00 PM ET on December 26th. Monero has a total market capitalization of $803.10 million and $15.39 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded 2.1% higher against the dollar. One Monero coin can now be bought for about $48.16 or 0.01266911 BTC on popular exchanges including CoinEx, Mercatox, B2BX and Exmo.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded down 2.1% against the dollar and now trades at $0.0007 or 0.00000019 BTC.
- DigitalNote (XDN) traded 2% lower against the dollar and now trades at $0.0013 or 0.00000033 BTC.
- Boolberry (BBR) traded down 0.2% against the dollar and now trades at $0.54 or 0.00014208 BTC.
- BitNewChain (BTN) traded 6% higher against the dollar and now trades at $0.0371 or 0.00000975 BTC.
- Aeon (AEON) traded down 7.9% against the dollar and now trades at $0.29 or 0.00007578 BTC.
- BitTube (TUBE) traded down 2.3% against the dollar and now trades at $0.0347 or 0.00000913 BTC.
- Stellite (XTL) traded down 18% against the dollar and now trades at $0.0002 or 0.00000005 BTC.
- Karbo (KRB) traded up 0% against the dollar and now trades at $0.0746 or 0.00001964 BTC.
- Sumokoin (SUMO) traded down 7.1% against the dollar and now trades at $0.0446 or 0.00001174 BTC.
- UltraNote Coin (XUN) traded 2.1% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.
Monero Coin Profile
Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 16,675,175 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. The official message board for Monero is forum.getmonero.org. 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: Instant Bitex, BitBay, Bithumb, Exrates, DragonEX, BTC-Alpha, Graviex, Ovis, Coinbe, Trade Satoshi, BTC Trade UA, Bitbns, Liquid, HitBTC, Crex24, TradeOgre, Livecoin, Mercatox, Huobi, Coinroom, Tux Exchange, Poloniex, OpenLedger DEX, OKEx, SouthXchange, Stocks.Exchange, CoinEx, Binance, Bitlish, Coindeal, Cryptomate, Upbit, Gate.io, B2BX, Coinut, Bisq, Braziliex, Waves Decentralized Exchange, Kraken, LiteBit.eu, Cryptopia, Nanex, Bitfinex, Bittrex and Exmo. It is usually not currently 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.
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