Monero (CURRENCY:XMR) traded down 1.6% against the US dollar during the 1-day period ending at 17:00 PM Eastern on December 15th. In the last seven days, Monero has traded down 14.2% against the US dollar. One Monero coin can now be purchased for approximately $38.91 or 0.01195797 BTC on exchanges including Bitbns, Ovis, Poloniex and Crex24. Monero has a total market cap of $647.73 million and approximately $11.82 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded 0.4% lower against the dollar and now trades at $0.0005 or 0.00000016 BTC.
- DigitalNote (XDN) traded 2.8% lower against the dollar and now trades at $0.0010 or 0.00000031 BTC.
- BitNewChain (BTN) traded 34.9% higher against the dollar and now trades at $0.0333 or 0.00001024 BTC.
- Boolberry (BBR) traded 4.4% lower against the dollar and now trades at $0.42 or 0.00013025 BTC.
- Aeon (AEON) traded up 19.1% against the dollar and now trades at $0.28 or 0.00008654 BTC.
- BitTube (TUBE) traded 0.3% lower against the dollar and now trades at $0.0271 or 0.00000833 BTC.
- Stellite (XTL) traded 11.5% lower against the dollar and now trades at $0.0002 or 0.00000005 BTC.
- UltraNote Coin (XUN) traded 7.5% higher against the dollar and now trades at $0.0001 or 0.00000002 BTC.
- Karbo (KRB) traded up 2.3% against the dollar and now trades at $0.0608 or 0.00001870 BTC.
- Sumokoin (SUMO) traded 0.7% lower against the dollar and now trades at $0.0398 or 0.00001223 BTC.
Monero 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 16,647,747 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website is www.monero.cc. 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 traded on these cryptocurrency exchanges: Livecoin, Braziliex, Coinbe, Exmo, HitBTC, BTC-Alpha, Bithumb, Cryptomate, BitBay, Gate.io, Cryptopia, SouthXchange, Bitfinex, Bisq, Stocks.Exchange, Crex24, Upbit, Bitlish, BTC Trade UA, Tux Exchange, Exrates, Waves Decentralized Exchange, Binance, Bittrex, Trade Satoshi, Coinut, Huobi, Coinroom, Poloniex, OpenLedger DEX, OKEx, DragonEX, CoinEx, Kraken, Liquid, Mercatox, Graviex, B2BX, Coindeal, Bitbns, Nanex, Ovis, LiteBit.eu, Instant Bitex and TradeOgre. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.
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