Komodo (KMD)

$0.707255 (8.46%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
101 $85,706,400.00 $4,944,680.00 121,182,000 KMD -- 8.46% 5.3% -$59.83

Exchange Pair Volume (24h) Price
Binance KMD/BTC 1,246,508.00 0.0000596000
Upbit KMD/KRW 278,014.00 830.0000000000
Bittrex KMD/BTC 91,637.00 0.0000597600
Binance KMD/ETH 75,777.00 0.0017630000
Bittrex KMD/USD 26,261.00 0.7050000000
HitBTC KMD/BTC 448,712.00 0.0000601700
CoinBene KMD/BTC 833,813.00 0.0000597000
VCC Exchange KMD/BTC 89,976.00 0.0000597600
Bilaxy KMD/BTC 579,008.00 0.0000610000
HitBTC KMD/ETH 31,069.00 0.0017764000
HitBTC KMD/USD 69,257.00 0.6989110000
Huobi Global KMD/BTC 56,289.00 0.0000598200
Huobi Global KMD/ETH 27,355.00 0.0017770000
CREX24 KMD/BTC 277.87 0.0000604000
BitBNS KMD/INR 77.79 53.0500000000
CoinEx KMD/BCH 467,806.00 0.0023118000
CoinEx KMD/BTC 469,408.00 0.0000602400
CITEX KMD/USDT 42,178.00 0.6834800000
CITEX KMD/ETH 40,081.00 0.0018195100
CITEX KMD/BTC 34,655.00 0.0000584800
Huobi Korea KMD/BTC 55.93 0.0000598600
StakeCube Exchange KMD/SCC 0.01 0.7000000600
Livecoin KMD/BTC 324.35 0.0000619500
StakeCube Exchange KMD/DOGE 0.01 298.0000000000
Graviex HUSH/KMD 0.00 0.1000000000
StakeCube Exchange KMD/LTC 0.11 0.0100000000
Liquid KMD/QASH 33.61 22.2336000000
Huobi Korea KMD/ETH 9.51 0.0016800000
Graviex KMD/BTC 34.38 0.0000580000
Upbit KMD/BTC 530.10 0.0000565700
Graviex VRSC/KMD 0.30 0.2750000000
StakeCube Exchange KMD/BTC 0.37 0.0000530100
Livecoin KMD/ETH 35.62 0.0018000000
Liquid KMD/BTC 0.55 0.0000700000
StakeCube Exchange KMD/DASH 19.34 0.3693693600
Upbit Indonesia KMD/BTC 1,852.77 0.0000565700

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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