Komodo (KMD) Cryptocurrency

1 Komodo is currently worth 2.63 usd

1 Hour 1.18%  24 Hours -1.96%  7 Days -16.09%

Coin Rank: 60

Price in BTC: 0.00035337

24H Volume: $1,119,390.00

Market CAP: $273,768,193.00

Total Supply: 104,172,796

Available Supply: 104,172,796

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.