Monero (CURRENCY:XMR) traded 1.1% lower against the dollar during the 24 hour period ending at 8:00 AM E.T. on November 18th. One Monero coin can currently be bought for $58.09 or 0.01438915 BTC on exchanges including Coindeal, B2BX, Poloniex and Livecoin. Over the last week, Monero has traded up 3.2% against the dollar. Monero has a total market capitalization of $965.32 million and approximately $12.46 million worth of Monero was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded 3.9% lower against the dollar and now trades at $0.0008 or 0.00000020 BTC.
- DigitalNote (XDN) traded 2.1% lower against the dollar and now trades at $0.0015 or 0.00000036 BTC.
- Boolberry (BBR) traded down 6.2% against the dollar and now trades at $0.61 or 0.00015064 BTC.
- Aeon (AEON) traded 2.3% lower against the dollar and now trades at $0.33 or 0.00008101 BTC.
- BitNewChain (BTN) traded up 2.8% against the dollar and now trades at $0.0270 or 0.00000670 BTC.
- BitTube (TUBE) traded 6.1% lower against the dollar and now trades at $0.0374 or 0.00000926 BTC.
- Stellite (XTL) traded 5.1% lower against the dollar and now trades at $0.0002 or 0.00000006 BTC.
- Karbo (KRB) traded 8.1% lower against the dollar and now trades at $0.0713 or 0.00001764 BTC.
- Sumokoin (SUMO) traded down 2.1% against the dollar and now trades at $0.0553 or 0.00001370 BTC.
- Digital Insurance Token (DIT) traded up 7% against the dollar and now trades at $0.0007 or 0.00000018 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 16,617,112 coins. The official website for Monero is www.monero.cc. 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 Reddit community for Monero is /r/monero and the currency’s Github account can be viewed 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 bought or sold on the following cryptocurrency exchanges: Gate.io, LiteBit.eu, BTC Trade UA, Bittrex, OKEx, SouthXchange, Bitbns, Ovis, Cryptomate, Poloniex, Braziliex, Liquid, B2BX, Coinut, Huobi, Bitfinex, Livecoin, DragonEX, Bitlish, Instant Bitex, Binance, Crex24, Cryptopia, Kraken, Tux Exchange, Nanex, Coindeal, Mercatox, Trade Satoshi, OpenLedger DEX, Graviex, CoinEx, BTC-Alpha, Stocks.Exchange, Bisq, Waves Decentralized Exchange, TradeOgre, Exrates, Bithumb, Exmo, BitBay, HitBTC, Coinbe, Upbit and Coinroom. 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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