Komodo (KMD) - JPY

¥ 63.42
Just now
(8.31%)
Market cap.
¥ 8.87 B
Vol 24h
KMD 235,290.6 (¥ 14,923,261.9)
Low/High 24h
¥ 56.89 - ¥ 63.68
Open 24h
¥ 58.56
USD EUR GBP CNY BTC

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.

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