Last Update 2018.07.17 06:17 PM UTC

Komodo

KMD

LTC Price

Ł 0.01958

Ł -0.00013    ( -0.68% )
Market Cap       64
Ł 2,041.73 K
( Ł 2,041,732 )

Change 1HR
7.67%
Volume 24HR
Ł 0
KMD 0
Change 24HR
-0.68%
24HR Low-High
Ł 0.01899 - Ł 0.02032
Change 7 Day
13.91%

KMD / LTC

2 Exchanges
  • Supply & Demand
    5,7,6,4,2,6,4,7,8,8,3,9
  • Mined
    104,254,959
  • Circulating Supply
    104,254,959
  • Total Supply
    104,254,959

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.