Komodo (KMD)

$0.699009 (18.21%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
311 $88,737,100.00 $3,939,130.00 126,947,000 KMD -- 18.21% 2.46% -$127.29

Exchange Pair Volume (24h) Price
HitBTC KMD/BTC 469,534.00 0.0000178300
Binance KMD/USDT 1,635,716.00 0.6997000000
Binance KMD/BTC 523,420.00 0.0000178900
HitBTC KMD/USDT 267,113.00 0.6991360000
Bittrex KMD/BTC 33,579.00 0.0000177800
Binance KMD/ETH 236,137.00 0.0003080000
Bilaxy KMD/BTC 207,221.00 0.0000180600
HitBTC KMD/ETH 111,014.00 0.0003068000
Huobi Global KMD/BTC 23,907.00 0.0000178500
Bittrex KMD/USD 9,392.84 0.6966000000
Huobi Global KMD/ETH 8,407.14 0.0003060000
CoinEx KMD/USDT 10,438.01 0.6979000000
Bittrex KMD/USDT 2,969.80 0.6980000000
KuCoin KMD/USDT 3,964.94 0.6986000000
KuCoin KMD/BTC 3,581.24 0.0000176000
CITEX KMD/ETH 22,163.00 0.0003073700
BitBNS KMD/INR 456.51 52.1500000000
CREX24 KMD/BTC 27.44 0.0000177000
CoinEx KMD/BTC 8,159.03 0.0000179100
Huobi Korea KMD/BTC 997.09 0.0000178200
WazirX KMD/INR 110,820.00 53.2000000000
WazirX KMD/USDT 7,786.42 0.6586000000
Liquid KMD/BTC 4,705.61 0.0000178000
FinexBox KMD/BTC 3,883.78 0.0000185800
StakeCube Exchange KMD/LTC 0.37 0.0032000700
StakeCube Exchange KMD/DOGE 0.09 3.0100000100
StakeCube Exchange KMD/SCC 0.06 0.7300999900
Graviex VRSC/KMD 8.38 1.2500000000
Huobi Korea KMD/ETH 168.53 0.0003050000
Graviex KMD/BTC 12.25 0.0000130270
SafeTrade VRSC/KMD 3.02 0.5003200000
StakeCube Exchange KMD/BTC 0.99 0.0000166100

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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