Komodo (KMD) Cryptocurrency

1 Komodo is currently worth 1.49 usd

1 Hour -0.19%  24 Hours -0.49%  7 Days -8.31%

Coin Rank: 63

Price in BTC: 0.00023361

24H Volume: $361,266.00

Market CAP: $155,021,844.00

Total Supply: 104,254,914

Available Supply: 104,254,914

Komodo (KMD) Cryptocurrency About Komodo
Start date: 01/09/2016

Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.

Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.