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 | $0.24 |
24h Low | $0.23 |
24h High | $0.24 |
Price in BTC | 0.00000768417957 BTC |
Current Supply | 138,131,216 KMD |
Total Supply | 200,000,000 KMD |
Market cap | $32,250,414 |
24h Volume (coin) | 1,409,568 KMD |
24h Volume (currency) | $329,101 |
24h Total volume (coin) | 1,972,662 KMD |
24h Total volume (currency) | $460.57K |
Last updated | 2023-06-29 09:15:27 +01:00 BST |
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