Monero Achieves Market Cap of $4.83 Billion (XMR) – Slater Sentinel
Here is how other cryptocurrencies have performed over the last day:
- Bytecoin (BCN) traded up 0.8% against the dollar and now trades at $0.0004 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 1.8% against the dollar and now trades at $0.0012 or 0.00000002 BTC.
- Aeon (AEON) traded 2.9% lower against the dollar and now trades at $0.51 or 0.00000773 BTC.
- Sumokoin (SUMO) traded up 182.9% against the dollar and now trades at $0.19 or 0.00000282 BTC.
- Monero Classic (XMC) traded down 3.7% against the dollar and now trades at $0.30 or 0.00000455 BTC.
- BitTube (TUBE) traded 8.3% lower against the dollar and now trades at $0.0053 or 0.00000008 BTC.
- Karbo (KRB) traded down 1.7% against the dollar and now trades at $0.15 or 0.00000231 BTC.
- Digital Insurance Token (DIT) traded down 33.1% against the dollar and now trades at $0.0033 or 0.00000005 BTC.
- ZUM TOKEN (ZUM) traded down 81.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
Monero Profile
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,014,104 coins. 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. Monero’s official website is ww.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
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, 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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