Monero (CURRENCY:XMR) traded up 1.3% against the U.S. dollar during the one day period ending at 23:00 PM Eastern on March 14th. Monero has a total market cap of $889.93 million and $65.82 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $52.80 or 0.01344789 BTC on major exchanges including Graviex, BTC-Alpha, Huobi and Bitbns. Over the last seven days, Monero has traded 3.3% higher against the U.S. dollar.
Here’s how similar cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded 0.2% lower against the dollar and now trades at $0.0008 or 0.00000020 BTC.
- DigitalNote (XDN) traded 2% higher against the dollar and now trades at $0.0011 or 0.00000029 BTC.
- Boolberry (BBR) traded down 2.7% against the dollar and now trades at $0.58 or 0.00014701 BTC.
- BitNewChain (BTN) traded down 4.5% against the dollar and now trades at $0.0285 or 0.00000726 BTC.
- Aeon (AEON) traded up 2.3% against the dollar and now trades at $0.30 or 0.00007723 BTC.
- BitTube (TUBE) traded up 15.8% against the dollar and now trades at $0.0322 or 0.00000819 BTC.
- Stellite (XTL) traded 6.3% lower against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Karbo (KRB) traded 4.3% lower against the dollar and now trades at $0.0622 or 0.00001583 BTC.
- Digital Insurance Token (DIT) traded down 0.1% against the dollar and now trades at $0.0020 or 0.00000051 BTC.
- UltraNote Coin (XUN) traded 68% higher against the dollar and now trades at $0.0001 or 0.00000002 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 the following cryptocurrency exchanges: Coinut, Gate.io, B2BX, CoinEx, Bitlish, Coinbe, Cryptomate, Coinroom, BTC Trade UA, Bithumb, Bisq, Cryptopia, Graviex, DragonEX, Waves Decentralized Exchange, OpenLedger DEX, Huobi, Liquid, SouthXchange, Instant Bitex, Bitfinex, Braziliex, Bitbns, Nanex, Livecoin, Kraken, BTC-Alpha, Coindeal, Exrates, Upbit, TradeOgre, Trade Satoshi, Bittrex, Ovis, Crex24, Binance, BitBay, Stocks.Exchange, Exmo, Mercatox, OKEx, Tux Exchange, HitBTC, LiteBit.eu and Poloniex. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
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