Looking for Komodo? Find KMD Price, Exchanges, Reviews, Chart, Historical Data & KMD Marketcap
Komodo (KMD) Ranked 60 in Coin Market Daddy Currencies Index. Komodo (KMD) price is $0.565048. It has a current circulating supply of 116,496,317 KMD and a Marketcap of $65.83M. Today Komodo price is down (-0.61%). $321.27K worth of Komodo (KMD) has been traded in the past 24 hours. Komodo (KMD) currency type is coin (mineable). KMD trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Komodo (KMD) and contribute to CMD Cryptocurrency Encyclopedia.
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.