Monero (CURRENCY:XMR) traded down 2.8% against the US dollar during the twenty-four hour period ending at 21:00 PM E.T. on October 13th. One Monero coin can now be bought for approximately $273.91 or 0.00471148 BTC on exchanges. Monero has a market capitalization of $4.93 billion and $170.43 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded down 4.3% against the US dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- Bytecoin (BCN) traded 0% higher against the dollar and now trades at $0.0003 or 0.00000001 BTC.
- Infinitus Token (INF) traded down 0.2% against the dollar and now trades at $0.15 or 0.00000374 BTC.
- DigitalNote (XDN) traded up 16.2% against the dollar and now trades at $0.0010 or 0.00000002 BTC.
- Aeon (AEON) traded 3.6% higher against the dollar and now trades at $0.39 or 0.00000676 BTC.
- Monero Classic (XMC) traded up 0.2% against the dollar and now trades at $0.29 or 0.00000496 BTC.
- Sumokoin (SUMO) traded up 4.3% against the dollar and now trades at $0.0648 or 0.00000111 BTC.
- BitTube (TUBE) traded 29.3% higher against the dollar and now trades at $0.0069 or 0.00000012 BTC.
- Karbo (KRB) traded up 3.7% against the dollar and now trades at $0.16 or 0.00000270 BTC.
- Digital Insurance Token (DIT) traded 3.8% higher against the dollar and now trades at $0.0045 or 0.00000008 BTC.
- BitNewChain (BTN) traded down 0.1% against the dollar and now trades at $0.0025 or 0.00000005 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
It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.
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