Monero (CURRENCY:XMR) traded 3.2% higher against the US dollar during the one day period ending at 0:00 AM Eastern on December 18th.Monero has a total market cap of $827.06 million and $118.70 million worth of Monero day.During the last seven days, Monero has traded down 10.2% against the US dollar.One Monero coin can now be bought for approximately $47.64 or 0.00661469 BTC on popular cryptocurrency exchanges including Bithumb, Exrates, Coindeal and HitBTC.
Here is how similar cryptocurrencies have performed during the last day:
Get Monero alerts: Bytecoin (BCN) traded down 3.7% $0.0003 or 0.4 BTC.
DigitalNote (XDN) traded up 7.5% $0.0006 or 0.9 BTC.
Monero Classic (XMC) traded 16.6% lower $0.23 or 0.00003183 BTC.Aeon (AEON) traded up 8.8% $0.16 or 0.00002213 BTC.Sumokoin (SUMO) traded 0.9% lower $0.13 or 0.00001797 BTC.
BitTube (TUBE) traded up 19.9% $0.0078 or 0.108 BTC.Boolberry (BBR) traded down 0.7% $0.13 or 0.00001804 BTC.BitNewChain (BTN) traded 6.9% $0.0094 or 0.
130 BTC.Stellite (XTL) traded 3.2% $0.0002 or 0.4 BTC.Digital Insurance Token (DIT) traded 1.3% lower $0.0022 or 0.
30 BTC.About Monero
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 17,360,981 coins.Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here .Monero’s official website is www.monero.cc .Monero’s official message board 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 these cryptocurrency exchanges: Bithumb, Bittrex, Crex24, Huobi, BTC Trade UA, OKEx, Livecoin, CoinEx, Nanex, BitBay, HitBTC, Liquid, Coinut, Bitfinex, Graviex, Mercatox, Poloniex, OpenLedger DEX, Trade Satoshi, Waves Decentralized Exchange, Exmo, Gate.io, DragonEX, Coinbe, Coindeal, Cryptomate, Stocks.Exchange, Instant Bitex, Bitlish, Tux Exchange, Cryptopia, Exrates, Upbit, LiteBit.eu, Binance, Braziliex, Bitbns, BTC-Alpha, TradeOgre, Kraken, Bisq, Ovis, B2BX, SouthXchange and Coinroom.It is usually not presently possible to purchase Monero directly using U.S.dollars.Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S.
dollars such as Changelly, Gemini or Coinbase .Bitcoin or Ethereum to purchase Monero .
