Monero (XMR) Trading Down 5.4% Over Last Week

Monero (CURRENCY:XMR) traded 0.5% higher against the dollar during the 1 day period ending at 4:00 AM ET on October 8th. One Monero coin can now be bought for $102.32 or 0.01627489 BTC on popular cryptocurrency exchanges including TradeOgre, Livecoin, LiteBit.eu and Stocks.Exchange. Monero has a total market cap of $1.69 billion and $15.10 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded 5.4% lower against the dollar.

Here is how other cryptocurrencies have performed during the last day:

  • Bytecoin (BCN) traded 0.2% higher against the dollar and now trades at $0.0013 or 0.00000020 BTC.
  • DigitalNote (XDN) traded down 1.2% against the dollar and now trades at $0.0029 or 0.00000046 BTC.
  • Boolberry (BBR) traded down 0.7% against the dollar and now trades at $0.91 or 0.00014422 BTC.
  • Aeon (AEON) traded up 6.3% against the dollar and now trades at $0.57 or 0.00009011 BTC.
  • BitNewChain (BTN) traded down 15.8% against the dollar and now trades at $0.0490 or 0.00000779 BTC.
  • BitTube (TUBE) traded up 0.2% against the dollar and now trades at $0.0854 or 0.00001358 BTC.
  • Stellite (XTL) traded 1.6% lower against the dollar and now trades at $0.0007 or 0.00000011 BTC.
  • Sumokoin (SUMO) traded down 1.1% against the dollar and now trades at $0.11 or 0.00001735 BTC.
  • Karbo (KRB) traded 0% higher against the dollar and now trades at $0.10 or 0.00001644 BTC.
  • UltraNote Coin (XUN) traded 4.8% lower against the dollar and now trades at $0.0005 or 0.00000008 BTC.

Monero Coin Profile

Monero (CRYPTO: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 16,531,982 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org.

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: Crex24, Bitlish, Coinut, Kraken, SouthXchange, Coindeal, Instant Bitex, Binance, Cryptopia, B2BX, HitBTC, Bittrex, LiteBit.eu, Bitfinex, TradeOgre, Liquid, Waves Decentralized Exchange, Coinbe, Trade Satoshi, Tux Exchange, Cryptomate, Nanex, BTC Trade UA, OpenLedger DEX, BitBay, Gate.io, Graviex, Coinroom, Exmo, Livecoin, OKEx, Bisq, Bithumb, DragonEX, CoinEx, Stocks.Exchange, Ovis, BTC-Alpha, Bitbns, Exrates, Huobi, Poloniex, Upbit, Mercatox and Braziliex. 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 Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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