Rank 716
Avg. Price
$ 3.702 USD
24hr Change
-5.7%
Mkt. Cap
$ 384.51 M
Vol. 24H
KMD 368.790 ($ 1,432.716)
Low/High 24h
$ 3.701 / $ 4.051
Total Coins
$ 103.85 M
Last Trade
KMD 0 ( $ 0) / Binance
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Komodo

KMD

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USD

United States Dollar

Historical Data
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Description

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 PoWĀ 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.