Komodo (KMD)

$0.585673 (-3.51%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
69 $69,159,700.00 $2,234,620.00 118,086,000 KMD 74 -3.51% 0.64% $20.56

Exchange Pair Volume (24h) Price
Binance KMD/BTC 184,503.00 0.0000656000
Bittrex KMD/BTC 27,762.00 0.0000661700
Binance KMD/ETH 20,508.00 0.0033750000
CITEX KMD/ETH 3,119.13 0.0034482800
Bilaxy KMD/BTC 915,227.00 0.0000663000
HitBTC KMD/BTC 144,776.00 0.0000657900
HitBTC KMD/USD 32,588.00 0.5779150000
HitBTC KMD/ETH 18,902.65 0.0033972800
VCC Exchange KMD/BTC 35,584.00 0.0000657000
Huobi Global KMD/BTC 9,576.57 0.0000657500
CITEX KMD/BTC 3,350.64 0.0000650300
Huobi Global KMD/ETH 1,524.30 0.0034060000
CREX24 KMD/BTC 14.82 0.0000651000
Txbit KMD/BTC 3,373.84 0.0000666800
CoinEx KMD/BCH 149,016.00 0.0015369900
CoinBene KMD/BTC 396,621.00 0.0000656000
CoinEx KMD/BTC 96,808.00 0.0000658000
Huobi Korea KMD/BTC 10.40 0.0000660300
Graviex KMD/BTC 15.16 0.0000635890
Upbit KMD/KRW 181,038.00 782.0000000000
Bittrex KMD/USD 2,468.19 0.6200000000
CITEX KMD/USDT 4,809.24 0.6069500000
Livecoin KMD/BTC 169.93 0.0000678100
Graviex VRSC/KMD 11.18 0.1430000000
Graviex ARRR/KMD 0.01 0.0850000000
Graviex HUSH/KMD 27.91 0.0799000000
Upbit KMD/BTC 158.98 0.0000787100
Livecoin KMD/ETH 4.15 0.0027300100
Liquid KMD/BTC 2.65 0.0000302400
Liquid KMD/QASH 3.13 18.0972798200
Upbit Indonesia KMD/BTC 2,999.15 0.0000787100

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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