Komodo (KMD)

$0.506129 (-6.64%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
129 $61,949,000.00 $2,962,670.00 122,398,000 KMD -- -6.64% -3.45% $33.61

Exchange Pair Volume (24h) Price
Upbit KMD/KRW 270,471.00 568.0000000000
Binance KMD/BTC 190,221.00 0.0000391000
Bittrex KMD/BTC 22,561.00 0.0000387900
HitBTC KMD/BTC 54,068.00 0.0000389600
Huobi Global KMD/BTC 33,862.00 0.0000389700
HitBTC KMD/ETH 26,169.00 0.0012371200
HitBTC KMD/USD 67,736.00 0.5051680000
Binance KMD/USDT 87,114.00 0.5040000000
Bittrex KMD/USD 5,342.03 0.5069500000
Huobi Global KMD/ETH 39,666.00 0.0012360000
Binance KMD/BUSD 3,912.24 0.5040000000
Binance KMD/ETH 7,018.25 0.0012400000
CREX24 KMD/BTC 50.19 0.0000390000
CoinBene KMD/BTC 536,949.00 0.0000388000
CoinEx KMD/BCH 248,974.00 0.0018816700
CoinEx KMD/BTC 338,259.00 0.0000391700
StakeCube Exchange KMD/DOGE 0.00 288.9999000000
Bilaxy KMD/BTC 410,859.00 0.0000392000
Huobi Korea KMD/BTC 105.23 0.0000389400
Livecoin KMD/BTC 271.69 0.0000401400
Graviex KMD/BTC 0.80 0.0000380000
StakeCube Exchange KMD/BTC 16.99 0.0000480000
StakeCube Exchange KMD/SCC 0.00 1.0998989000
Upbit KMD/BTC 190.53 0.0000394000
StakeCube Exchange KMD/LTC 1.03 0.0174995900
StakeCube Exchange KMD/DASH 0.06 0.0023009100
Liquid KMD/QASH 51.51 13.0000000000
Upbit Indonesia KMD/BTC 1,203.56 0.0000394000
Huobi Korea KMD/ETH 13.50 0.0012260000
Graviex ARRR/KMD 0.00 0.0450300000
BitBNS KMD/INR 192.89 38.3600000000
Graviex VRSC/KMD 37.88 0.5002000000
Livecoin KMD/ETH 4.08 0.0007320800
Livecoin KMD/USD 1.35 0.5400000000

Background

Komodo, a code fork of Zcash, is a privacy-focused cryptocurrency that leverages a menagerie of unique features implemented by different existing blockchains in an attempt to create a more private, secure, interoperable, decentralized blockchain network. Instead of competing directly with leading protocols like Bitcoin, which Komodo believes to be a futile effort, the project is an effort to experiment with a different combination of familiar parameters.

Technology

Komodo employs a delayed proof-of-work (dPoW) consensus mechanism that it believes offers a higher level of network security than Bitcoin's PoW model. Every chain, even forks, are more connected under dPoW than regular PoW which Komodo prefers. Komodo's Iguana Core technology, a multi-purpose code base that underlies the Komodo protocol, spawned the security model behind dPoW. Iguana Core and dPoW rely on Notary Nodes chosen by the Komodo network users to archive "true" copies of the network's transaction history and designate the appropriate chain for miners to direct their resources. Notary nodes occasionally receive easy-mining privileges on a lottery basis where the network's difficulty significantly decreases for one of the notary nodes. Every 2000 blocks, every notary node can mine on easy-level difficulty in a Komodo mining "free-for-all". Komodo supports two separate but parallel chains: an asset chain and a main chain (a quasi-layer-two feature). Notary nodes maintain the main chain, but the asset chain can process significantly more transactions in a given time frame than the main chain. Asset developers shoulder the responsibility of bootstrapping a network of nodes to maintain the security of assets issued on the Komodo asset chain though. BarterDEX is the Komodo blockchain's native decentralized exchange (DEX) that functions like any cryptocurrency exchange with order matching, liquidity provision, and transaction clearing. Jumblr is a transaction data anonymizing feature that serves as Komodo's primary tool for targeting on-chain privacy. As a Zcash fork, Komodo retained some of it's parent project's privacy features. But Jumblr relies on BarterDEX, KMD, and Zcash's parameters to attempt the level of security desired by the Komodo team.



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