Komodo (KMD)

$2.077 (-38.42%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
172 $261,328,000.00 $17,521,700.00 125,820,000 KMD -- -38.42% -15.37% $797.98

Exchange Pair Volume (24h) Price
HitBTC KMD/BTC 681,704.00 0.0000473400
Binance KMD/BTC 3,681,310.00 0.0000474600
Binance KMD/USDT 5,261,599.00 2.1325000000
Bittrex KMD/BTC 158,133.00 0.0000477300
Binance KMD/ETH 862,771.00 0.0006130000
HitBTC KMD/USD 90,836.00 2.1550290000
HitBTC KMD/ETH 5,813,524.00 0.0006157300
Bilaxy KMD/BTC 106,733.00 0.0000476400
Huobi Global KMD/BTC 218,551.00 0.0000472100
Bittrex KMD/USD 32,018.00 2.1438500000
WazirX KMD/USDT 19,552.29 2.1704000000
Huobi Global KMD/ETH 111,660.00 0.0006120000
CoinEx KMD/USDT 27,075.00 2.1339000000
Upbit KMD/BTC 12,649.10 0.0000471400
Liquid KMD/BTC 7,732.94 0.0000471000
Bittrex KMD/USDT 16,497.00 2.1450000000
CREX24 KMD/BTC 88.55 0.0000462000
CoinEx KMD/BTC 4,366.84 0.0000476200
Upbit Indonesia KMD/BTC 12,640.43 0.0000471400
Huobi Korea KMD/BTC 4,248.78 0.0000472000
Upbit KMD/KRW 16,616,769.00 2,600.0000000000
WazirX KMD/INR 50,799.00 178.5000000000
FinexBox KMD/BTC 18,233.70 0.0000675900
BitBNS KMD/INR 151.43 181.0200000000
StakeCube Exchange KMD/DOGE 36.95 3.5100000000
StakeCube Exchange KMD/LTC 0.07 0.0065001000
StakeCube Exchange KMD/SCC 4.05 2.4399998800
Graviex KMD/BTC 452.31 0.0000471000
StakeCube Exchange KMD/BTC 96.30 0.0000669400
Graviex VRSC/KMD 56.16 0.7000000000
StakeCube Exchange KMD/DASH 36.13 0.0149999600
SafeTrade KMD/BTC 10.01 0.0000260000
Huobi Korea KMD/ETH 271.63 0.0006370000

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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