Monero (CURRENCY:XMR) traded 7.5% higher against the US dollar during the 1 day period ending at 15:00 PM ET on January 14th. One Monero coin can now be purchased for about $46.21 or 0.01246245 BTC on popular exchanges including Huobi, OpenLedger DEX, Exmo and Bisq. Monero has a market cap of $771.52 million and $16.58 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded 12.5% lower against the US dollar.
Here’s how related cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded up 3.8% against the dollar and now trades at $0.0006 or 0.00000017 BTC.
- Boolberry (BBR) traded up 3.3% against the dollar and now trades at $1.00 or 0.00026918 BTC.
- DigitalNote (XDN) traded up 2.8% against the dollar and now trades at $0.0010 or 0.00000028 BTC.
- BitNewChain (BTN) traded 21% higher against the dollar and now trades at $0.0337 or 0.00000909 BTC.
- Aeon (AEON) traded 6% higher against the dollar and now trades at $0.27 or 0.00007311 BTC.
- BitTube (TUBE) traded 0.8% lower against the dollar and now trades at $0.0253 or 0.00000681 BTC.
- Stellite (XTL) traded 14.8% higher against the dollar and now trades at $0.0003 or 0.00000008 BTC.
- UltraNote Coin (XUN) traded up 16.6% against the dollar and now trades at $0.0003 or 0.00000008 BTC.
- Karbo (KRB) traded 1.6% lower against the dollar and now trades at $0.0603 or 0.00001626 BTC.
- Sumokoin (SUMO) traded up 1.8% against the dollar and now trades at $0.0363 or 0.00000978 BTC.
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 16,697,487 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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 bought or sold on the following cryptocurrency exchanges: Kraken, Gate.io, Nanex, Braziliex, LiteBit.eu, BTC Trade UA, TradeOgre, SouthXchange, Exmo, OKEx, Tux Exchange, Graviex, Cryptopia, HitBTC, Crex24, B2BX, Ovis, CoinEx, Bitfinex, Livecoin, Exrates, Bithumb, Coinroom, OpenLedger DEX, DragonEX, Stocks.Exchange, Bitlish, Poloniex, Instant Bitex, Coinbe, Binance, Liquid, Bisq, Coinut, Bitbns, Mercatox, Coindeal, Huobi, BitBay, Waves Decentralized Exchange, Upbit, Bittrex, Trade Satoshi, Cryptomate and BTC-Alpha. 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 Gemini, GDAX 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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