Monero (CURRENCY:XMR) traded up 3.4% against the U.S. dollar during the one day period ending at 23:00 PM E.T. on August 1st. Monero has a market cap of $1.43 billion and $86.51 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 5.1% higher against the U.S. dollar. One Monero coin can now be bought for about $83.71 or 0.00803467 BTC on exchanges including TradeOgre, LiteBit.eu, OpenLedger DEX and DragonEX.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded up 6% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
- Aeon (AEON) traded up 3.7% against the dollar and now trades at $0.68 or 0.00006505 BTC.
- Boolberry (BBR) traded up 1.7% against the dollar and now trades at $0.49 or 0.00004735 BTC.
- DigitalNote (XDN) traded 16.8% higher against the dollar and now trades at $0.0009 or 0.00000009 BTC.
- BitNewChain (BTN) traded 25.6% higher against the dollar and now trades at $0.0312 or 0.00000299 BTC.
- BitTube (TUBE) traded down 2.8% against the dollar and now trades at $0.0222 or 0.00000213 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 down 0.1% against the dollar and now trades at $0.0032 or 0.00000032 BTC.
- Karbo (KRB) traded up 0.8% against the dollar and now trades at $0.0822 or 0.00000789 BTC.
- Sumokoin (SUMO) traded 1.1% lower against the dollar and now trades at $0.0428 or 0.00000411 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. “
Buying and Selling Monero
Monero can be traded on these cryptocurrency exchanges: Coindeal, Nanex, Instant Bitex, Graviex, Upbit, Coinut, Mercatox, SouthXchange, Binance, Stocks.Exchange, Bisq, OKEx, Livecoin, BitBay, Gate.io, Bitlish, Poloniex, CoinEx, Kraken, BTC-Alpha, TradeOgre, Cryptomate, Ovis, B2BX, Exrates, Huobi, Cryptopia, Coinroom, Waves Decentralized Exchange, BTC Trade UA, HitBTC, Liquid, Crex24, Tux Exchange, Braziliex, Coinbe, Exmo, Bittrex, LiteBit.eu, Bitfinex, Trade Satoshi, DragonEX, Bithumb, OpenLedger DEX and Bitbns. 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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