Monero 1-Day Volume Reaches $75.42 Million (XMR)

Monero (CURRENCY:XMR) traded 6.1% higher against the US dollar during the 24-hour period ending at 0:00 AM E.T. on August 15th. In the last week, Monero has traded 12.1% lower against the US dollar. One Monero coin can now be bought for $82.42 or 0.00797454 BTC on major exchanges including Coinroom, Coindeal, Poloniex and Gate.io. Monero has a market cap of $1.41 billion and approximately $75.42 million worth of Monero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 7.8% higher against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • Aeon (AEON) traded 5.5% higher against the dollar and now trades at $0.67 or 0.00006501 BTC.
  • DigitalNote (XDN) traded 19.2% higher against the dollar and now trades at $0.0008 or 0.00000008 BTC.
  • Boolberry (BBR) traded 2.9% higher against the dollar and now trades at $0.42 or 0.00004020 BTC.
  • BitNewChain (BTN) traded 0.2% lower against the dollar and now trades at $0.0229 or 0.00000221 BTC.
  • BitTube (TUBE) traded 1% higher against the dollar and now trades at $0.0148 or 0.00000144 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 2.9% against the dollar and now trades at $0.0031 or 0.00000030 BTC.
  • Karbo (KRB) traded up 2.6% against the dollar and now trades at $0.0772 or 0.00000747 BTC.
  • Sumokoin (SUMO) traded up 4.4% against the dollar and now trades at $0.0381 or 0.00000369 BTC.

Monero Coin Profile

Monero (CRYPTO: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 17,156,893 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official website for Monero is www.monero.cc. 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 traded on these cryptocurrency exchanges: Coinbe, BTC Trade UA, CoinEx, Exrates, OpenLedger DEX, Liquid, B2BX, Cryptopia, Graviex, SouthXchange, Coinroom, BitBay, Poloniex, Braziliex, Livecoin, Bithumb, OKEx, Upbit, Cryptomate, TradeOgre, Bittrex, Instant Bitex, Coinut, Mercatox, Coindeal, Bitlish, Ovis, Trade Satoshi, Exmo, Bitfinex, Binance, Tux Exchange, Bitbns, BTC-Alpha, Stocks.Exchange, Kraken, Nanex, HitBTC, Huobi, Gate.io, Waves Decentralized Exchange, LiteBit.eu, DragonEX, Crex24 and Bisq. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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