Monero (CURRENCY:XMR) traded 10.4% higher against the dollar during the one day period ending at 9:00 AM ET on December 7th.Monero has a market cap of $2.53 billion and $1.70 billion worth of Monero was traded on exchanges in the last 24 hours.One Monero coin can currently be bought for about $142.13 or 0.00739927 BTC on major cryptocurrency exchanges.During the last week, Monero has traded up 14.1% against the dollar.
Here is how other cryptocurrencies have performed during the last 24 hours: Get Monero alerts: Bytecoin (BCN) traded down 14.7% against the dollar and now trades at $0.0001 or 0.
1 BTC.
Aeon (AEON) traded up 0.1% against the dollar and now trades at $0.31 or 0.00001622 BTC.
DigitalNote (XDN) traded 1.4% higher against the dollar and now trades at $0.0010 or 0.
5 BTC.Monero Classic (XMC) traded 21.9% lower against the dollar and now trades at $0.22 or 0.00001157 BTC.BitTube (TUBE) traded 19.4% higher against the dollar and now trades at $0.0060 or 0.31 BTC.Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.4 BTC.Boolberry (BBR) traded down 2% against the dollar and now trades at $0.0819 or 0.
427 BTC.Sumokoin (SUMO) traded 1.1% lower against the dollar and now trades at $0.0362 or 0.189 BTC.BitNewChain (BTN) traded up 1.5% against the dollar and now trades at $0.0048 or 0.25 BTC.Karbo (KRB) traded down 4.6% against the dollar and now trades at $0.0649 or 0.338 BTC.
About Monero Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm.
Its launch date was April 18th, 2014.Monero’s total supply is 17,778,980 coins.The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here .The official website for Monero is ww.getmonero.org .The official message board for Monero 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.“
Buying and Selling Monero
Monero can be purchased on the following cryptocurrency exchanges: .
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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase .Investors can then use their newly-acquired Ethereum or Bitcoin to purchase 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 ..
