$0.96/
Ƀ0.00023251

Komodo (KMD)

Buy KMD
Market Capitalization: $107,662,884 Market Volume: $1,306,008

%(1h) -2.08 %
%(24h) 0.69 %
%(7d) 23.16 %
%(30) 0.69 %
%(6m) 23.16 %

Komodo Conversion Calculator
KMD
USD
Net Hash/s: 0
Algorithm: Equihash
Proof Type: dPoW/PoW
Block Time: 60
Block Reward: 0
Block Reward Reduction: n/a
Coin Supply: 111,841,983
Coins Available: 111,841,983
Difficulty Adjustment: n/a
Start Date: 2016/01/09

What is Komodo?

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.