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Monero Crypto Coin Rank 12
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17,218,563 XMR

Monero
Monero
XMR Coin Values XMR

Monero valuesUSD Price
$ 73.05

Monero BTC Price
0.00719387

Monero 24h Vol
$ 93,427,509

Monero Market Cap
$ 1,257,795,074

24h Vol
9,201 BTC
1 H
-0.08 %
24 H
-3.86 %
7 d
-2.24 %
Today Monero price in US dollars is currently 73.05 USD, and if converted to Bitcoin is 0.00719387 BTC. A total of 123,868 coin's are currently circulating in the Market. Monero prices are currently experiencing a change of -3.86 %, check all cryptocurrency. Over the past 24 hours 0.934 M US dollars Monero has been traded on Crypto Exchanges. Get Monero's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Monero
Symbol
XMR
Algorithm
CryptoNight-V7
BTC Price
0.00719387 BTC
BTC Market
123,868 BTC
BTC 24h Vol
9,201 BTC
Total Coins Mined
17,218,563 XMR
1h
-0.08 %
24h
-3.86 %
7d
-2.24 %
Twitter
Facebook
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Monero Price Charts

XMR High/Low Price Chart

Monero Price High/Low Price Chart

Historical Data

Monero Crypto Technology

Markets

Monero Crypto Market

Description

Monero Crypto ICO Description

Monero is a digital currency very comparable to Bitcoin, but it offers a greater degree of security and anonymity for users and their transactions.

 

The Monero ledger, unlike Blockchain, does not record the actual stealth addresses of parties to transactions, and the one-time created address that is recorded is not linked to the actual addresses of the parties as well. All Monero transactions between two parties are grouped up with a few other transactions that occur among unrelated parties. Monero also handles transactions by splitting the amount transferred into multiple parts after which treating each split part as a transaction that is separate.

 

The popularity of Monero is certainly not growing just because of attention from black market, but in addition because of the massive amount people not keen on being watched by governments, hackers, and corporations.

Technology

Monero Crypto Technology

Ring Signature 

The Fundamentals

 

In cryptography, a ring signature is a kind of digital signature which can be performed by any known member of a group of users that every have keys. Therefore, a note signed with a ring signature is endorsed by someone in a particular band of people. One of many security properties of a ring signature is the fact that it should be computationally infeasible to determine which associated with  group members' keys was used to create the signature.

 

As an example, a ring signature could possibly be used to present an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are suitable for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature may 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.

Features

Monero Crypto Features

  • Privacy (Untraceable payments, Unlinkable transactions)
    Monero daemon uses the original CryptoNote protocol except for the initial changes (as the block time and emission speed). The protocol itself is based on ring signatures (Daniel J. Bernstein's Curve25519 + Ed25519, Schnorr signatures on a Twisted Edwards curve) and stealth addresses. The end result is passive, decentralised mixing based on heavily-tested algorithms.
  • Decentralisation
    The smart mining[20] forthcoming feature will allow transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true p2p currency.
  • Scalability
    Monero has no hardcoded limit, which means it doesn't have a 1 MB block size limitation preventing scalability.

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