Komodo (KMD) is a cryptocurrency or a form of digital asset. Komodo (KMD) price for today is $0.69 or 0.000068 BTC with a 24-hour trading volume of $ 3.14 Million. KMD price changes -2.54 % in the last 24 hours. It has a circulating supply of 115.94 Million coins and a max supply of 200 Million coins.
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.
|KMD/BTC Price||฿ 0.000068|
|24h Vol||$ 3,137,375|
|Market Cap||$ 79,450,353|
|Full Name||Komodo (KMD)|
|Available/Total Supply||115.94 M - 200 M|
Komodo will bring about the anonymity of Zcash along with the NXT style PoS security, the witness based consensus system inspired by Bitshares, and the security and reliability of the Proof of Work Bitcoin Blockchain, which is a tested and proven system kept by thousands of nodes. Komodo's the Delayed Proof of Work (dPoW) consensus method will make Bitcoin the center of all PoS/dPoW cryptocurrencies, allowing the energy that is used in bitcoin mining to be utilized to secure other cryptocurrencies, thus making Bitcoin more energy efficient, while making other cryptocurrencies safer. this will add value to the entire alternative cryptocurrency sphere and to bitcoin itself as it becomes a vital part of other currencies and platforms.
Komodo's ICO raised 2639 BTC with the majority being received in the first couple of days due to the initial 25% bonus. Komodo will spend the $1.98 Million on development and marketing as well as a fund to offer Bitcoin protection service. Also the ICO funds were used to fund 64 high capacity servers around the world, and to pay the Bitcoin transaction fees. The protection layer is self-sustaining as long as the Komodo price stays above 0.25 USD
Token Reserve Split (10%):
Komodo's ICO campaign featured bonus, bounties and the token is mineable.