The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Sumokoin has fallen by 13.65% in the past 7 days. The price declined by 4.32% in the last 24 hours. The current price is $0.0074 per SUMO. Sumokoin is 99.94% below the all time high of $11.74.
The current circulating supply is 56,210,928.555 SUMO.
is a digital currency created by and aims to be a highly secure asset used for value storage. The currency was for implementing a new ASIC-resistant hashing algorithm, a mechanism used to compare large data easily. A converts input (such as text) into byte strings of fixed length and structure.
Sumokoin is a type of fork that originated from Monero, a highly respectable known for privacy, active development, security, and untraceability. is a privacy-oriented, open-source cryptocurrency that uses a public distributed ledger. A refers to a series of blocks on which details of transactions are recorded after suitable authentication and verification by the designated participants of the network.
As mentioned in the , the developers started Sumokoin as an educational project. Later, it was identified that there is a need to create a new digital currency by moving toward Monero Ring confidential transactions (RingCT). is a feature designed for privacy that aims to be implemented into the Monero . Furthermore, developers are seeking to set minimum transaction mixins to make SUMO highly resistant to analysis attacks. refer to the chaff coins included by the users to obscure their transactions.
Sumokoin (SUMO) is developed with a high level of privacy vision in mind, setting RingCT with a minimum ring size of 49 (48 mixings). The setting seeks to conceal amounts or sources transferred and enhance resistance to blockchain analysis. Sumokoin aims to be untraceable, and encrypted transacted amounts seek to be obfuscated by default. Every transaction on the Sumokoin blockchain aims to be not linked to a specific real-world or user identity.
Moreover, the whitepaper states that Sumokoin follows the vision of Satoshi Nakamoto of decentralized and trustless cryptocurrency, for instance, well-secured digital currency operated by a network of random users. The transaction is further confirmed by distributed consensus and later immutably recorded upon the blockchain. There aims to be absolutely no need to rely on third parties to keep the user's Sumokoin safe. Sumokoin is also highly fungible due to the built-in features seeking to ensure privacy. All Sumokoins are changeable and equal, just like currency.
Sumokoin (SUMO) was officially launched by a team of developers working in Japan on May 7, 2017. In July 2017, Sumokoin was released which was created in python. In January and February 2020, Web and Android wallet for SUMO was launched.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Sumokoin is $417.19K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Sumokoin is $11.74. This all-time high is highest price paid for Sumokoin since it was launched.
Over the last 24 hours, the trading volume of Sumokoin is $795.38.
The current circulating supply of Sumokoin is 56 million.
No, Sumokoin is not currently available on Coinbase, but you can sign up to get the latest news on Sumokoin and be notified when it gets added to our exchange.
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