Monero (XMR) Reaches 1-Day Volume of $156.98 Million

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Monero (CURRENCY:XMR) traded up 0% against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on December 4th. In the last seven days, Monero has traded 1.1% higher against the U.S. dollar. One Monero coin can now be bought for about $54.62 or 0.00728039 BTC on major cryptocurrency exchanges including Cryptomate, Exmo, Bittrex and SouthXchange. Monero has a market cap of $947.08 million and $156.98 million worth of Monero was traded on exchanges in the last day.

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

  • Bytecoin (BCN) traded 1.4% lower against the dollar and now trades at $0.0003 or 0.00000004 BTC.
  • Monero Classic (XMC) traded down 66.4% against the dollar and now trades at $0.33 or 0.00004355 BTC.
  • DigitalNote (XDN) traded down 12.4% against the dollar and now trades at $0.0005 or 0.00000006 BTC.
  • Aeon (AEON) traded 5.2% higher against the dollar and now trades at $0.20 or 0.00002631 BTC.
  • Sumokoin (SUMO) traded 6% higher against the dollar and now trades at $0.24 or 0.00003174 BTC.
  • Boolberry (BBR) traded 5.3% higher against the dollar and now trades at $0.14 or 0.00001911 BTC.
  • BitTube (TUBE) traded down 4.4% against the dollar and now trades at $0.0079 or 0.00000106 BTC.
  • BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0081 or 0.00000108 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 1.3% against the dollar and now trades at $0.0025 or 0.00000033 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 17,338,920 coins. Monero’s official website is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible 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 bought or sold on these cryptocurrency exchanges: Binance, Bitbns, Bittrex, Exrates, Graviex, Mercatox, Bitlish, CoinEx, BTC-Alpha, BitBay, Braziliex, B2BX, Coinut, Coinroom, Tux Exchange, Coindeal, Livecoin, BTC Trade UA, Liquid, Cryptomate, Waves Decentralized Exchange, Instant Bitex, Upbit, OKEx, Crex24, Nanex, Bithumb, SouthXchange, HitBTC, Cryptopia, Exmo, Bitfinex, OpenLedger DEX, Bisq, Kraken, Huobi, DragonEX, Stocks.Exchange, LiteBit.eu, Gate.io, TradeOgre, Ovis, Trade Satoshi, Poloniex and Coinbe. 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 GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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