Monero (CURRENCY:XMR) traded up 4.6% against the dollar during the 24 hour period ending at 10:00 AM E.T. on February 12th. During the last seven days, Monero has traded 9.2% higher against the dollar. One Monero coin can currently be bought for about $52.92 or 0.01322226 BTC on cryptocurrency exchanges including OKEx, BTC-Alpha, Stocks.Exchange and Crex24. Monero has a market capitalization of $889.22 million and $59.66 million worth of Monero was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 5.1% higher against the dollar and now trades at $0.0007 or 0.00000017 BTC.
- Boolberry (BBR) traded up 5.2% against the dollar and now trades at $0.59 or 0.00014780 BTC.
- DigitalNote (XDN) traded 2% lower against the dollar and now trades at $0.0010 or 0.00000025 BTC.
- Aeon (AEON) traded 9.7% higher against the dollar and now trades at $0.33 or 0.00008316 BTC.
- BitTube (TUBE) traded 1.3% higher against the dollar and now trades at $0.0238 or 0.00000594 BTC.
- BitNewChain (BTN) traded 38.6% lower against the dollar and now trades at $0.0144 or 0.00000361 BTC.
- Stellite (XTL) traded 7.5% lower against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded 2.8% lower against the dollar and now trades at $0.0747 or 0.00001868 BTC.
- Sumokoin (SUMO) traded 0.7% lower against the dollar and now trades at $0.0237 or 0.00000594 BTC.
- Digital Insurance Token (DIT) traded down 18% against the dollar and now trades at $0.0011 or 0.00000028 BTC.
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 16,803,729 coins. 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. 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. “
Buying and Selling Monero
Monero can be purchased on these cryptocurrency exchanges: Exrates, BTC-Alpha, LiteBit.eu, Gate.io, Trade Satoshi, Waves Decentralized Exchange, Bitbns, Braziliex, Exmo, CoinEx, Instant Bitex, Liquid, Kraken, Mercatox, B2BX, Poloniex, Stocks.Exchange, BTC Trade UA, Binance, Huobi, Bisq, Tux Exchange, TradeOgre, Coinbe, Bittrex, Bithumb, OpenLedger DEX, Crex24, Bitfinex, Coinut, SouthXchange, Coindeal, Nanex, Bitlish, Cryptopia, Livecoin, DragonEX, BitBay, Graviex, Cryptomate, Ovis, Upbit, Coinroom, OKEx and HitBTC. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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