Monero (XMR) Market Capitalization Hits $1.54 Billion

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Monero (CURRENCY:XMR) traded up 1.1% against the dollar during the 1 day period ending at 21:00 PM ET on June 14th. Monero has a total market cap of $1.54 billion and $229.90 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 2.5% higher against the dollar. One Monero coin can currently be purchased for $90.20 or 0.01046476 BTC on popular exchanges including Coindeal, Coinroom, Exmo and Gate.io.

Here is how similar cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 9.7% higher against the dollar and now trades at $0.0010 or 0.00000012 BTC.
  • Aeon (AEON) traded up 1.2% against the dollar and now trades at $0.90 or 0.00010461 BTC.
  • DigitalNote (XDN) traded 1.1% higher against the dollar and now trades at $0.0016 or 0.00000019 BTC.
  • BitNewChain (BTN) traded down 0.5% against the dollar and now trades at $0.0474 or 0.00000550 BTC.
  • Boolberry (BBR) traded up 2.8% against the dollar and now trades at $0.64 or 0.00007372 BTC.
  • BitTube (TUBE) traded down 3.8% against the dollar and now trades at $0.0413 or 0.00000480 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded up 5.9% against the dollar and now trades at $0.0037 or 0.00000042 BTC.
  • Karbo (KRB) traded down 2.9% against the dollar and now trades at $0.0933 or 0.00001082 BTC.
  • Sumokoin (SUMO) traded 3.7% higher against the dollar and now trades at $0.0465 or 0.00000540 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 17,042,005 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 website for Monero is www.monero.cc. Monero’s official message board 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 the following cryptocurrency exchanges: Graviex, Coinut, Waves Decentralized Exchange, TradeOgre, LiteBit.eu, Coinroom, HitBTC, Braziliex, Bisq, Instant Bitex, Livecoin, Tux Exchange, Bittrex, Huobi, Kraken, DragonEX, Exmo, BTC Trade UA, Poloniex, Coindeal, Trade Satoshi, Nanex, Stocks.Exchange, Ovis, Bithumb, OKEx, BitBay, Cryptopia, B2BX, Bitfinex, OpenLedger DEX, Gate.io, Exrates, Upbit, BTC-Alpha, SouthXchange, Bitlish, Bitbns, CoinEx, Liquid, Coinbe, Binance, Mercatox, Cryptomate and Crex24. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

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