| General information | |
|---|---|
| Global rank: | 644 |
| Name: |
Komodo |
| Symbol: | KMD |
| Current coin price (NGN): | 421.66 ₦ |
| Last hour: | arrow_upward0.940 % |
| Last 24 hours: | arrow_downward-3.25 % |
| Last 7 days: | 4.45 %trending_up |
| Capitalisation (NGN): | 57 325 684 620.81 ₦ |
| Volume 24h (NGN): | 2 722 206 927.90 ₦ |
| Available supply: | 135 953 876.00 KMD |
| Total coin supply: | 200 000 000.00 KMD |
| Algorithm: | Equihash |
| Proof type: | dPoW/PoW |
| Start date: | 01/09/2016 |
| Komodo (KMD) website: | https://komodoplatform.com/ |
Komodo/Nigerian Naira (KMD/NGN) price chart
Komodo/Nigerian Naira (KMD/NGN) capitalisation and volume charts
Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.
Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.