Monero (XMR) Price Down 1.2% Over Last 7 Days

Monero (CURRENCY:XMR) traded up 0.1% against the U.S. dollar during the one day period ending at 3:00 AM ET on January 24th. One Monero coin can currently be bought for about $47.68 or 0.01312694 BTC on cryptocurrency exchanges including Poloniex, Ovis, Bitlish and BTC Trade UA. Monero has a market cap of $800.91 million and approximately $51.99 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 1.2% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 0.4% higher against the dollar and now trades at $0.0006 or 0.00000017 BTC.
  • DigitalNote (XDN) traded down 0.1% against the dollar and now trades at $0.0010 or 0.00000028 BTC.
  • Boolberry (BBR) traded 0.6% lower against the dollar and now trades at $0.53 or 0.00014608 BTC.
  • Aeon (AEON) traded up 5.3% against the dollar and now trades at $0.29 or 0.00007918 BTC.
  • BitNewChain (BTN) traded 5.6% lower against the dollar and now trades at $0.0210 or 0.00000579 BTC.
  • BitTube (TUBE) traded 1.4% lower against the dollar and now trades at $0.0237 or 0.00000651 BTC.
  • Stellite (XTL) traded up 1% against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Karbo (KRB) traded 0.1% lower against the dollar and now trades at $0.0660 or 0.00001816 BTC.
  • Digital Insurance Token (DIT) traded 3.6% higher against the dollar and now trades at $0.0011 or 0.00000031 BTC.
  • Sumokoin (SUMO) traded up 6.7% against the dollar and now trades at $0.0228 or 0.00000627 BTC.

Monero Profile

Monero 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 16,796,345 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.monero.cc.

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 the following cryptocurrency exchanges: BTC-Alpha, Bithumb, Exmo, Tux Exchange, BitBay, Bitlish, Upbit, Bitbns, Cryptopia, BTC Trade UA, Liquid, Ovis, Bisq, Coinroom, Stocks.Exchange, Bitfinex, DragonEX, HitBTC, Bittrex, CoinEx, Trade Satoshi, Coinut, Nanex, Graviex, LiteBit.eu, Cryptomate, OpenLedger DEX, Coinbe, Waves Decentralized Exchange, B2BX, Mercatox, Poloniex, Huobi, Instant Bitex, Kraken, Livecoin, SouthXchange, TradeOgre, OKEx, Binance, Coindeal, Braziliex, Exrates, Crex24 and Gate.io. 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.



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