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.
Market share | 0.00% |
Proof type | dPoW/PoW |
24h Open | $0.36 |
24h Low | $0.34 |
24h High | $0.41 |
Price in BTC | 0.00000420980227 BTC |
Current Supply | 140,599,584 KMD |
Total Supply | 200,000,000 KMD |
Market cap | $57,337,888 |
24h Volume (coin) | 9,958,341 KMD |
24h Volume (currency) | $4,061,109 |
Last updated | 2024-12-04 08:50:19 +00:00 GMT |
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