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||0.00016999721133 BTC|
|Current Supply||114,508,824 KMD|
|Total Supply||200,000,000 KMD|
|24h Volume (coin)||10,978 KMD|
|24h Volume (currency)||$16,452|
|Last updated||2019-06-19 19:00:17 +01:00 BST|