Monero Trading 0.4% Higher This Week (XMR)

Fibo Quantum

Monero (CURRENCY:XMR) traded 5.1% lower against the US dollar during the one day period ending at 10:00 AM Eastern on November 8th. Monero has a total market cap of $1.04 billion and approximately $197.61 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded 0.4% higher against the US dollar. One Monero coin can currently be bought for about $60.31 or 0.00685269 BTC on popular cryptocurrency exchanges including Bitfinex, BTC Trade UA, Exrates and Bisq.

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

  • Bytecoin (BCN) traded down 7.6% against the dollar and now trades at $0.0004 or 0.00000004 BTC.
  • Monero Classic (XMC) traded up 2.4% against the dollar and now trades at $0.35 or 0.00003931 BTC.
  • DigitalNote (XDN) traded 18.2% lower against the dollar and now trades at $0.0005 or 0.00000006 BTC.
  • Aeon (AEON) traded 6.9% lower against the dollar and now trades at $0.23 or 0.00002635 BTC.
  • BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0144 or 0.00000164 BTC.
  • BitTube (TUBE) traded up 2.6% against the dollar and now trades at $0.0101 or 0.00000114 BTC.
  • Boolberry (BBR) traded down 2.6% against the dollar and now trades at $0.16 or 0.00001772 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 down 0% against the dollar and now trades at $0.0032 or 0.00000035 BTC.
  • Karbo (KRB) traded 5% lower against the dollar and now trades at $0.0578 or 0.00000652 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 17,296,526 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.monero.cc.

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 purchased on the following cryptocurrency exchanges: Bittrex, Graviex, BitBay, Bitlish, Kraken, Upbit, Huobi, Bithumb, B2BX, HitBTC, Poloniex, Cryptopia, Bitfinex, Coinut, Braziliex, Livecoin, Bitbns, Bisq, OKEx, Trade Satoshi, Exrates, Instant Bitex, CoinEx, Coindeal, DragonEX, Exmo, SouthXchange, Tux Exchange, LiteBit.eu, Waves Decentralized Exchange, Nanex, OpenLedger DEX, BTC-Alpha, Mercatox, Coinbe, Coinroom, BTC Trade UA, Binance, Cryptomate, Liquid, Gate.io, Crex24, TradeOgre, Stocks.Exchange and Ovis. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.



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