Monero Price Tops $86.69 (XMR)

Monero (CURRENCY:XMR) traded 3.1% higher against the dollar during the one day period ending at 9:00 AM ET on August 3rd. One Monero coin can now be purchased for $86.69 or 0.00805043 BTC on major cryptocurrency exchanges including Ovis, Bitbns, Kraken and Bithumb. During the last seven days, Monero has traded up 9.1% against the dollar. Monero has a total market cap of $1.49 billion and $92.76 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Bytecoin (BCN) traded flat against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • Aeon (AEON) traded down 1.8% against the dollar and now trades at $0.67 or 0.00006259 BTC.
  • DigitalNote (XDN) traded down 1.6% against the dollar and now trades at $0.0010 or 0.00000009 BTC.
  • Boolberry (BBR) traded 1.8% lower against the dollar and now trades at $0.49 or 0.00004544 BTC.
  • BitNewChain (BTN) traded down 0.5% against the dollar and now trades at $0.0312 or 0.00000290 BTC.
  • BitTube (TUBE) traded 0.1% higher against the dollar and now trades at $0.0210 or 0.00000195 BTC.
  • Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded 1.8% higher against the dollar and now trades at $0.0035 or 0.00000033 BTC.
  • Karbo (KRB) traded 3.6% lower against the dollar and now trades at $0.0811 or 0.00000753 BTC.
  • Sumokoin (SUMO) traded up 0.6% against the dollar and now trades at $0.0432 or 0.00000401 BTC.

About Monero

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 17,134,330 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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 purchased on these cryptocurrency exchanges: Bitlish, Cryptomate, BTC-Alpha, Poloniex, Coinroom, OpenLedger DEX, B2BX, Kraken, BitBay, OKEx, Upbit, Ovis, Huobi, HitBTC, Gate.io, CoinEx, Mercatox, Bittrex, TradeOgre, Coindeal, Liquid, Crex24, Binance, Trade Satoshi, Instant Bitex, Bithumb, Nanex, Braziliex, Exrates, Bitfinex, Stocks.Exchange, DragonEX, Tux Exchange, Cryptopia, SouthXchange, Exmo, Bisq, LiteBit.eu, Livecoin, Bitbns, Coinbe, Graviex, BTC Trade UA, Waves Decentralized Exchange and Coinut. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

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