Monero (CURRENCY:XMR) traded 11.1% higher against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on January 14th. One Monero coin can now be purchased for about $65.39 or 0.00751955 BTC on cryptocurrency exchanges including Livecoin, Cryptomate, B2BX and HitBTC. During the last week, Monero has traded 12.1% higher against the U.S. dollar. Monero has a total market cap of $1.14 billion and $140.66 million worth of Monero was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 1.6% higher against the dollar and now trades at $0.0003 or 0.00000003 BTC.
- Monero Classic (XMC) traded 35.4% higher against the dollar and now trades at $0.32 or 0.00003637 BTC.
- DigitalNote (XDN) traded 4.4% higher against the dollar and now trades at $0.0006 or 0.00000007 BTC.
- Sumokoin (SUMO) traded 6.3% lower against the dollar and now trades at $0.12 or 0.00001420 BTC.
- Aeon (AEON) traded 6.1% higher against the dollar and now trades at $0.14 or 0.00001672 BTC.
- BitTube (TUBE) traded 2.6% lower against the dollar and now trades at $0.0092 or 0.00000106 BTC.
- BitNewChain (BTN) traded 9% higher against the dollar and now trades at $0.0109 or 0.00000126 BTC.
- Boolberry (BBR) traded up 3.9% against the dollar and now trades at $0.13 or 0.00001555 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 4.7% against the dollar and now trades at $0.0026 or 0.00000032 BTC.
Monero Coin Profile
Monero 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 17,400,293 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. 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. “
Buying and Selling Monero
Monero can be bought or sold on these cryptocurrency exchanges: Waves Decentralized Exchange, BitBay, Coinut, Kraken, Coindeal, BTC Trade UA, Cryptopia, Exmo, Nanex, HitBTC, Bitlish, Huobi, Bittrex, Poloniex, Instant Bitex, DragonEX, Bisq, Stocks.Exchange, Tux Exchange, Coinroom, Upbit, Trade Satoshi, SouthXchange, Crex24, CoinEx, Bithumb, Graviex, Bitbns, BTC-Alpha, Coinbe, Exrates, TradeOgre, LiteBit.eu, Binance, Cryptomate, Gate.io, Livecoin, OpenLedger DEX, Mercatox, B2BX, Liquid, Ovis, OKEx, Braziliex and Bitfinex. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
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