Monero (CURRENCY:XMR) traded 3.9% higher against the US dollar during the one day period ending at 12:00 PM ET on June 2nd. Monero has a market capitalization of $1.63 billion and approximately $98.74 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $95.95 or 0.01104510 BTC on cryptocurrency exchanges including Instant Bitex, Braziliex, LiteBit.eu and Binance. Over the last seven days, Monero has traded 9.7% higher against the US dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded up 1.6% against the dollar and now trades at $0.0011 or 0.00000012 BTC.
- Aeon (AEON) traded 22% higher against the dollar and now trades at $1.10 or 0.00012662 BTC.
- DigitalNote (XDN) traded up 9.7% against the dollar and now trades at $0.0019 or 0.00000022 BTC.
- Boolberry (BBR) traded down 1.6% against the dollar and now trades at $0.67 or 0.00007760 BTC.
- BitNewChain (BTN) traded down 4.3% against the dollar and now trades at $0.0463 or 0.00000533 BTC.
- BitTube (TUBE) traded up 5.4% against the dollar and now trades at $0.0508 or 0.00000585 BTC.
- Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded 3.3% higher against the dollar and now trades at $0.10 or 0.00001202 BTC.
- Digital Insurance Token (DIT) traded 4.3% higher against the dollar and now trades at $0.0034 or 0.00000039 BTC.
- Sumokoin (SUMO) traded up 0.5% against the dollar and now trades at $0.0440 or 0.00000507 BTC.
Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,018,105 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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. Monero’s official website 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 purchased on the following cryptocurrency exchanges: Nanex, Bitlish, Tux Exchange, Livecoin, Bithumb, Exrates, Bitbns, Coindeal, CoinEx, Bittrex, Waves Decentralized Exchange, Binance, HitBTC, BTC-Alpha, LiteBit.eu, Liquid, OKEx, SouthXchange, Braziliex, BitBay, Huobi, Coinroom, Coinut, Stocks.Exchange, Gate.io, TradeOgre, Graviex, Bitfinex, Kraken, OpenLedger DEX, Exmo, Poloniex, Bisq, B2BX, DragonEX, Instant Bitex, Trade Satoshi, BTC Trade UA, Coinbe, Crex24, Cryptomate, Cryptopia, Mercatox, Ovis and Upbit. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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