Komodo-KMD

$3.23
$0.35 +12.44%
$3.37
24H High
$2.60
24H Low
$3411.71M
24H Vol

Base Info

  • Max Supply
    200000000 KMD
  • Total Supply
    115256780 KMD
  • Circulating Supply
    115256780 KMD
  • MarketCap
    $37263.67M

Komodo-KMD Introduction

Komodo is an end-to-end blockchain infrastructure solutions provider. Komodo’s tech enables seamless cross-chain interoperability among all federated blockchains. Every blockchain built with Komodo is also connected to 95% of chains outside the federation via atomic swap technology. Future plans are in place for blockchain bridging support, which will create cross-chain fungibility throughout the entire blockchains industry. Moreover, with Komodo’s architecture, multiple blockchains can sync up and function as a single chain. If one chain is not meeting performance needs, additional chains can be added to form a blockchain cluster. A blockchain cluster boosts performance linearly without inflating coin supply or devaluing the currency. The Komodo ecosystem is not only scalable and interoperable, it’s also secured with the power of the Bitcoin network. This is accomplished with a series of cross-chain notarizations that store a blockhash onto the Bitcoin ledger every ten minutes, providing protection from 51% attacks.
Komodo (KMD) is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. 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.