Monero (CURRENCY:XMR) traded down 0.4% against the dollar during the 1 day period ending at 0:00 AM Eastern on June 30th. One Monero coin can now be purchased for about $63.63 or 0.00697817 BTC on exchanges including CoinEx, Cryptopia, SouthXchange and Upbit. Monero has a market cap of $1.12 billion and $62.49 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded 5% lower against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded 0.4% lower against the dollar and now trades at $0.0002 or 0.00000002 BTC.
  • Aeon (AEON) traded up 10% against the dollar and now trades at $0.65 or 0.00007086 BTC.
  • Monero Classic (XMC) traded 113.6% higher against the dollar and now trades at $0.31 or 0.00003358 BTC.
  • DigitalNote (XDN) traded down 1.8% against the dollar and now trades at $0.0004 or 0.00000005 BTC.
  • BitTube (TUBE) traded 15.2% higher against the dollar and now trades at $0.0092 or 0.00000101 BTC.
  • Boolberry (BBR) traded 1.8% lower against the dollar and now trades at $0.14 or 0.00001560 BTC.
  • Sumokoin (SUMO) traded down 2.4% against the dollar and now trades at $0.0597 or 0.00000654 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • BitNewChain (BTN) traded 3.5% higher against the dollar and now trades at $0.0024 or 0.00000026 BTC.
  • Karbo (KRB) traded up 0.5% against the dollar and now trades at $0.0491 or 0.00000539 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 17,615,933 coins. The official website for Monero is www.monero.cc. 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. 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

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

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