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 | 0.08% |
| Proof type | dPoW/PoW |
| 24h Open | $2.34 |
| 24h Low | $2.29 |
| 24h High | $2.40 |
| Price in BTC | 0.00034230045937 BTC |
| Current Supply | 104,037,440 KMD |
| Total Supply | 200,000,000 KMD |
| Market cap | $244,664,848 |
| 24h Volume (coin) | 168 KMD |
| 24h Volume (currency) | $383 |
| Last updated | 2018-04-01 18:48:12 +01:00 BST |
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