Monero Hits Market Capitalization of $1.35 Billion (XMR)
Monero (CURRENCY:XMR) traded 7% lower against the US dollar during the 24 hour period ending at 23:00 PM Eastern on August 14th. Monero has a total market cap of $1.35 billion and $78.67 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded 18.2% lower against the US dollar. One Monero coin can now be purchased for approximately $78.51 or 0.00783115 BTC on major cryptocurrency exchanges including Stocks.Exchange, Ovis, Cryptomate and Upbit.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Bytecoin (BCN) traded down 4.6% against the dollar and now trades at $0.0006 or 0.00000006 BTC.
- Aeon (AEON) traded 4.5% lower against the dollar and now trades at $0.64 or 0.00006419 BTC.
- Boolberry (BBR) traded 6% lower against the dollar and now trades at $0.41 or 0.00004086 BTC.
- DigitalNote (XDN) traded 6.9% lower against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- BitNewChain (BTN) traded up 8.1% against the dollar and now trades at $0.0227 or 0.00000226 BTC.
- BitTube (TUBE) traded down 11.7% against the dollar and now trades at $0.0148 or 0.00000148 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 8.9% lower against the dollar and now trades at $0.0030 or 0.00000030 BTC.
- Karbo (KRB) traded down 0.7% against the dollar and now trades at $0.0758 or 0.00000756 BTC.
- Sumokoin (SUMO) traded 6.9% lower against the dollar and now trades at $0.0367 or 0.00000366 BTC.
Monero Coin Profile
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: Crex24, OKEx, BitBay, TradeOgre, Ovis, Bisq, Livecoin, Exmo, HitBTC, Bitbns, Bitlish, SouthXchange, Liquid, Gate.io, BTC-Alpha, BTC Trade UA, Coinut, Cryptomate, Cryptopia, B2BX, Graviex, Bithumb, Waves Decentralized Exchange, Coinroom, LiteBit.eu, Poloniex, Huobi, OpenLedger DEX, Coindeal, Exrates, Mercatox, Braziliex, Stocks.Exchange, CoinEx, Nanex, Bitfinex, Trade Satoshi, DragonEX, Binance, Upbit, Coinbe, Bittrex, Tux Exchange, Kraken and Instant Bitex. It is usually not presently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.
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