Monero (XMR) Market Capitalization Reaches $4.62 Billion
Monero (CURRENCY:XMR) traded up 3.1% against the dollar during the 1-day period ending at 7:00 AM Eastern on February 18th.Monero has a total market cap of $4.62 billion and $1.02 billion worth of Monero was traded on exchanges in the last day.One Monero coin can now be bought for $259.01 or 0.00503733 BTC on major exchanges.In the last week, Monero has traded 43.2% higher against the dollar.
Here is how other cryptocurrencies have performed in the last day: Get Monero alerts: Bytecoin (BCN) traded 0.7% lower against the dollar and now trades at $0.0005 or 0.1 BTC.DigitalNote (XDN) traded up 25% against the dollar and now trades at $0.0026 or 0.5 BTC.
Aeon (AEON) traded up 22% against the dollar and now trades at $0.68 or 0.00001332 BTC.
Monero Classic (XMC) traded 7.3% higher against the dollar and now trades at $0.46 or 0.890 BTC.
BitTube (TUBE) traded 7.4% higher against the dollar and now trades at $0.0175 or 0.34 BTC.
ZUM TOKEN (ZUM) traded down 19.6% against the dollar and now trades at $0.0002 or 0.BTC.Boolberry (BBR) traded 0.3% lower against the dollar and now trades at $0.18 or 0.351 BTC.Karbo (KRB) traded 22.2% lower against the dollar and now trades at $0.23 or 0.442 BTC.
Sumokoin (SUMO) traded up 6.9% against the dollar and now trades at $0.0692 or 0.135 BTC.Digital Insurance Token (DIT) traded 18% higher against the dollar and now trades at $0.0046 or 0.9 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 17,842,569 coins.
The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here .
Monero’s official message board is forum.getmonero.org .Monero’s official website is ww.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.“
Monero Coin Trading
Monero can be traded on these cryptocurrency exchanges: .It is usually not currently 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 Changelly, Coinbase or GDAX.Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.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 ..