Monero (CURRENCY:XMR) traded down 3.9% against the U.S. dollar during the 1-day period ending at 9:00 AM ET on September 10th. Over the last seven days, Monero has traded 0.9% lower against the U.S. dollar. Monero has a total market cap of $1.27 billion and approximately $69.69 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $73.81 or 0.00718247 BTC on major exchanges including Cryptomate, OKEx, Huobi and Exrates.
Here’s how related cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded down 8.3% against the dollar and now trades at $0.0004 or 0.00000004 BTC.
- Aeon (AEON) traded 3.4% lower against the dollar and now trades at $0.52 or 0.00005103 BTC.
- DigitalNote (XDN) traded 12.1% lower against the dollar and now trades at $0.0006 or 0.00000006 BTC.
- Boolberry (BBR) traded 15.4% lower against the dollar and now trades at $0.33 or 0.00003235 BTC.
- BitNewChain (BTN) traded 0.2% higher against the dollar and now trades at $0.0141 or 0.00000137 BTC.
- BitTube (TUBE) traded down 6% against the dollar and now trades at $0.0103 or 0.00000100 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 0.6% lower against the dollar and now trades at $0.0033 or 0.00000032 BTC.
- Karbo (KRB) traded 4.4% higher against the dollar and now trades at $0.0671 or 0.00000654 BTC.
- Sumokoin (SUMO) traded down 1.5% against the dollar and now trades at $0.0356 or 0.00000347 BTC.
Monero Coin Profile
Monero (CRYPTO: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 17,201,105 coins. The official website for Monero is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official message board 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. “
Monero Coin Trading
Monero can be purchased on these cryptocurrency exchanges: Cryptopia, Bitbns, Bitfinex, Exmo, Livecoin, Coindeal, Bisq, Nanex, Braziliex, Stocks.Exchange, Bitlish, Liquid, OpenLedger DEX, Coinbe, Coinroom, Bithumb, Graviex, BTC Trade UA, Coinut, Huobi, Tux Exchange, DragonEX, Ovis, OKEx, SouthXchange, Waves Decentralized Exchange, CoinEx, HitBTC, Trade Satoshi, TradeOgre, Crex24, Upbit, Binance, Cryptomate, Exrates, Poloniex, B2BX, Bittrex, LiteBit.eu, Gate.io, BTC-Alpha, Mercatox, BitBay, Kraken and Instant Bitex. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
Receive News & Updates for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.