Komodo

Komodo (KMD)

$0.5982 -3.1%

What is Komodo?

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. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin.

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