Monero Trading Up 6.3% Over Last 7 Days (XMR)
Here’s how similar cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
- Infinitus Token (INF) traded flat against the dollar and now trades at $0.15 or 0.00000374 BTC.
- Monero Classic (XMC) traded up 5.8% against the dollar and now trades at $0.23 or 0.00000525 BTC.
- Aeon (AEON) traded up 4.2% against the dollar and now trades at $0.16 or 0.00000367 BTC.
- Sumokoin (SUMO) traded up 0.9% against the dollar and now trades at $0.0375 or 0.00000087 BTC.
- DigitalNote (XDN) traded 7.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
- Karbo (KRB) traded up 4.3% against the dollar and now trades at $0.0977 or 0.00000227 BTC.
- BitTube (TUBE) traded down 7.1% against the dollar and now trades at $0.0017 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded up 3.1% against the dollar and now trades at $0.0023 or 0.00000005 BTC.
- BitNewChain (BTN) traded flat against the dollar and now trades at $0.0025 or 0.00000005 BTC.
About Monero
Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,097,335 coins. The official website for Monero is ww.getmonero.org. 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. “
Buying and Selling Monero
It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.
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