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.
|Price in BTC||0.00043304653511 BTC|
|Current Supply||104,053,144 KMD|
|Total Coin Supply||200,000,000 KMD|
|24h Volume (coin)||146 KMD|
|24h Volume (currency)||$576|
|Last updated||2018-04-22 07:47:36 +01:00 BST|
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