Komodo (KMD)

$0.58085 (-7.79%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
66 $67,617,700.00 $2,416,680.00 116,412,000 KMD 46 -7.79% -3.61% $45.25

Exchange Pair Volume (24h) Price
Bittrex KMD/BTC 18,613.76 0.0000708900
Upbit KMD/BTC 18,514.75 0.0000708000
Upbit KMD/KRW 80,942.00 690.0000000000
Livecoin KMD/BTC 230.93 0.0000726400
Binance KMD/BTC 152,349.00 0.0000709000
HitBTC KMD/BTC 25,005.00 0.0000708000
HitBTC KMD/USD 49,031.00 0.5802820000
HitBTC KMD/ETH 2,974.66 0.0032055700
Binance KMD/ETH 13,647.86 0.0032060000
Huobi Global KMD/BTC 8,221.77 0.0000707500
Huobi Global KMD/ETH 2,257.95 0.0032010000
Bittrex KMD/USD 2.05 0.5750000000
CoinBene KMD/BTC 642,933.00 0.0000708000
CoinEx KMD/BCH 539,539.00 0.0026066300
CoinEx KMD/BTC 866,925.00 0.0000708900
Upbit Indonesia KMD/BTC 127,324.00 0.0000708000
DigitalPrice ARRR/KMD 1,454.08 0.0410000800
Huobi Korea KMD/BTC 17.78 0.0000708400
Huobi Korea KMD/ETH 0.00 0.0032060000
CREX24 KMD/BTC 37.31 0.0000708000
Graviex KMD/BTC 14.71 0.0000683430
CoinExchange.io KMD/ETH 0.11 0.0034000000
DigitalPrice VRSC/KMD 0.08 0.1050000000
CoinExchange.io KMD/BTC 41.62 0.0000620000
Txbit KMD/BTC 0.00 0.0000731900
Livecoin KMD/ETH 0.00 0.0000000000
Graviex HUSH/KMD 0.00 0.0999990000
Livecoin KMD/USD 0.00 0.0000000000
DigitalPrice DP/KMD 0.00 0.0036502000
DigitalPrice OURC/KMD 0.00 0.0010000200
DigitalPrice KMD/BTC 0.00 0.0000750000
CryTrEx KMD/BTC 0.00 0.0000730000
DigitalPrice OOT/KMD 0.00 0.0200000000
DigitalPrice ZEXO/KMD 0.00 0.0012080100

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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