Monero (CURRENCY:XMR) traded up 4.7% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on June 15th. Monero has a market cap of $1.62 billion and approximately $230.82 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 9% higher against the US dollar. One Monero coin can now be purchased for $95.01 or 0.01058592 BTC on major exchanges including Coinbe, SouthXchange, Bithumb and Cryptomate.
Here is how similar cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded down 0.4% against the dollar and now trades at $0.0010 or 0.00000011 BTC.
- Aeon (AEON) traded 1.6% higher against the dollar and now trades at $0.91 or 0.00010138 BTC.
- DigitalNote (XDN) traded 0.2% lower against the dollar and now trades at $0.0017 or 0.00000019 BTC.
- Boolberry (BBR) traded up 2.3% against the dollar and now trades at $0.65 or 0.00007243 BTC.
- BitNewChain (BTN) traded 5.9% higher against the dollar and now trades at $0.0471 or 0.00000525 BTC.
- BitTube (TUBE) traded 7.3% higher against the dollar and now trades at $0.0429 or 0.00000477 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 up 14.6% against the dollar and now trades at $0.0042 or 0.00000047 BTC.
- Karbo (KRB) traded up 7.4% against the dollar and now trades at $0.10 or 0.00001114 BTC.
- Sumokoin (SUMO) traded up 2.3% against the dollar and now trades at $0.0470 or 0.00000523 BTC.
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 purchased on the following cryptocurrency exchanges: OKEx, Upbit, SouthXchange, OpenLedger DEX, HitBTC, Coinut, Binance, LiteBit.eu, BitBay, BTC-Alpha, Crex24, DragonEX, Livecoin, Coinroom, Instant Bitex, B2BX, Cryptomate, Stocks.Exchange, Cryptopia, Ovis, TradeOgre, Huobi, Graviex, Trade Satoshi, Coindeal, Bittrex, Bithumb, Tux Exchange, Waves Decentralized Exchange, Coinbe, Nanex, Bitbns, Gate.io, Bisq, Braziliex, Exmo, Kraken, Exrates, Bitfinex, CoinEx, Poloniex, BTC Trade UA, Bitlish, Mercatox and Liquid. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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