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monero  (XMR)

Monero (XMR)

$480.50 4.5%
0.00815415 BTC 3.8%
65,216 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$450.09 / $495.29
Circulating Supply
17,906,077 / ∞

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Monero Price and Market Stats

Monero Price
XMR Price $480.50
Market Cap $8,614,671,848
Market Cap Dominance 0.33%
Trading Volume $671,627,690
Volume / Market Cap 0.0784
24h Low / 24h High $450.09 / $495.29
7d Low / 7d High $380.23 / $479.61
Market Cap Rank #24
All-Time High $542.33 -10.8%
Jan 09, 2018 (over 3 years)
All-Time Low $0.216177 223763.4%
Jan 14, 2015 (over 6 years)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
481.47 USD
0.25% $1,814,491 $2,143,098
3372.387 XMR
0.24% Recently
0.008159 BTC
0.11% $1,733,908 $1,510,147
5580.815 XMR
0.40% Recently
0.008156 BTC
0.09% $1,713,257 $1,366,845
5590.049 XMR
0.40% Recently
0.0081549 BTC
0.15% $1,736,247 $1,374,054
1450.907 XMR
0.10% Recently
479.76 USDT
0.19% $710,580 $1,514,571
40677.292 XMR
2.90% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About Monero Coin

Monero price today is $480.50 with a 24-hour trading volume of $671,627,690. XMR price is up 4.5% in the last 24 hours. It has a circulating supply of 18 Million XMR coins and a max supply of ∞. Bitfinex is the current most active market trading it.

What is Monero?
Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions are remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable.

Origins of Monero
In July of 2012, Bytecoin, the first real life implementation of CryptoNote, was launched. While Bytecoin had promise, people noticed that 80% of the coins were already published. So, it was decided that the bytecoin blockchain will be forked and the new coins in the new chain will be called Bitmonero, which is was then renamed Monero, meaning “coin” in Esperanto language. In this new blockchain, a block will be mined and added every two minutes.

Why Monero?

#1: Unlinkability - Your identity is completely private

You have complete control over your transactions. You are responsible for your money. Because your identity is private no one will be able to see what you are spending your money on. When you send funds to someone’s public address, what happens is that you actually send the funds to a randomly created brand new one-time destination address.

This means that the public record does not contain any mention that funds were received to the recipient’s public address. In Monero, your public address will never appear in the public record of transactions. Instead, a 'stealth address' is recorded in a way that only you, the recipient, can recognize the incoming funds.

#2: Fungibility

Fungibility is interchangeability between one asset and another asset of the same type.

Suppose you borrowed $50 from your friend, you can even return the money in the form of 1 $50 bill or 5 $10 bill, It is still fine. This shows that the dollar has fungible properties. However, if you were to borrow someone’s car for the weekend and come back and give them some other car in return, then that person will probably punch on the face. Cars, in this example, are a nonfungible asset.

What is CryptoNote?
CryptoNote is the application layer protocol that fuels various decentralized currencies. While it is similar to the application layer which runs bitcoin in many aspects, there a lot of areas where the two differ from each other. CryptoNote features an entirely new code base and is not a fork of Bitcoin. More info about CryptoNote can be found at their website.

CryptoNote uses Ring Signatures to conceal sender identities via mixing and it also has unlinkable transactions that is achieved using 1-time keys for each individual payments. Ring signatures enable ‘transaction mixing’ to occur. Transaction mixing means that when funds are sent, the sender randomly chooses several other users’ funds to also appear in the transaction as a possible source of the funds being sent.

The cryptographical nature of the ring signature means that no one can tell which of the funds were really the source of the transaction – not even the person that gave the funds to the sender in the first place. A system of ‘key images’ associated with each ring signature ensures that although no one can tell the true source of the funds, it can be easily detected if the sender attempts to anonymously send their funds twice.

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