Monero (XMR) Price Down 5.8% Over Last Week

Monero (CURRENCY:XMR) traded 1.8% higher against the U.S. dollar during the 1 day period ending at 15:00 PM E.T. on December 17th. Monero has a total market cap of $782.44 million and $9.49 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 5.8% lower against the U.S. dollar. One Monero coin can currently be bought for approximately $46.88 or 0.01241538 BTC on exchanges including BitBay, Cryptopia, Binance and Cryptomate.

Here’s how similar cryptocurrencies have performed during the last day:

  • Bytecoin (BCN) traded down 0.9% against the dollar and now trades at $0.0007 or 0.00000018 BTC.
  • DigitalNote (XDN) traded 1% higher against the dollar and now trades at $0.0012 or 0.00000032 BTC.
  • Boolberry (BBR) traded up 2.1% against the dollar and now trades at $0.66 or 0.00017417 BTC.
  • BitNewChain (BTN) traded 2.6% lower against the dollar and now trades at $0.0316 or 0.00000838 BTC.
  • Aeon (AEON) traded up 6.3% against the dollar and now trades at $0.28 or 0.00007520 BTC.
  • BitTube (TUBE) traded down 2.9% against the dollar and now trades at $0.0302 or 0.00000801 BTC.
  • Stellite (XTL) traded up 2.4% against the dollar and now trades at $0.0002 or 0.00000006 BTC.
  • Karbo (KRB) traded 3.5% lower against the dollar and now trades at $0.0683 or 0.00001809 BTC.
  • Sumokoin (SUMO) traded down 1.1% against the dollar and now trades at $0.0433 or 0.00001147 BTC.
  • UltraNote Coin (XUN) traded 32.6% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.

Monero Profile

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 16,688,814 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed 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: SouthXchange, Bithumb, Liquid, CoinEx, Tux Exchange, Mercatox, Bitbns, Coinut, BTC Trade UA, Graviex, BitBay, Trade Satoshi, Bitfinex, Bitlish, Bittrex, Kraken, Coinbe, Cryptopia, Exmo, LiteBit.eu, Poloniex, Ovis, Waves Decentralized Exchange, TradeOgre, Nanex, Livecoin, Bisq, Instant Bitex, Braziliex, Binance, HitBTC, Exrates, OpenLedger DEX, Gate.io, Coindeal, OKEx, Huobi, Stocks.Exchange, Cryptomate, Crex24, BTC-Alpha, DragonEX, B2BX, Coinroom and Upbit. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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