Monero (XMR) Trading Down 2.7% Over Last 7 Days

Monero (CURRENCY:XMR) traded down 0.9% against the US dollar during the one day period ending at 18:00 PM E.T. on September 13th. One Monero coin can currently be purchased for about $74.36 or 0.00723098 BTC on major cryptocurrency exchanges including B2BX, DragonEX, CoinEx and Tux Exchange. Over the last week, Monero has traded down 2.7% against the US dollar. Monero has a market capitalization of $1.28 billion and approximately $81.88 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded 9.6% higher against the dollar and now trades at $0.0005 or 0.00000005 BTC.
  • Aeon (AEON) traded 3.6% lower against the dollar and now trades at $0.47 or 0.00004588 BTC.
  • DigitalNote (XDN) traded 8.8% lower against the dollar and now trades at $0.0007 or 0.00000007 BTC.
  • Boolberry (BBR) traded up 0.5% against the dollar and now trades at $0.33 or 0.00003165 BTC.
  • BitNewChain (BTN) traded 7.5% higher against the dollar and now trades at $0.0192 or 0.00000187 BTC.
  • BitTube (TUBE) traded up 18.6% against the dollar and now trades at $0.0121 or 0.00000118 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 0.3% higher against the dollar and now trades at $0.0033 or 0.00000032 BTC.
  • Karbo (KRB) traded 1.4% higher against the dollar and now trades at $0.0662 or 0.00000644 BTC.
  • Sumokoin (SUMO) traded down 0.8% against the dollar and now trades at $0.0329 or 0.00000320 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,206,778 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official message board 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 traded on these cryptocurrency exchanges: OpenLedger DEX, Instant Bitex, Gate.io, Kraken, Bittrex, Poloniex, Exmo, Braziliex, Graviex, Bisq, Coindeal, Coinroom, CoinEx, Bitfinex, DragonEX, Upbit, Livecoin, Trade Satoshi, Bithumb, SouthXchange, Bitlish, Exrates, Cryptopia, Coinut, BitBay, Nanex, B2BX, Crex24, BTC-Alpha, TradeOgre, Coinbe, Tux Exchange, LiteBit.eu, Binance, HitBTC, Stocks.Exchange, Bitbns, Waves Decentralized Exchange, OKEx, BTC Trade UA, Liquid, Mercatox, Ovis, Huobi and Cryptomate. It is usually not presently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

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