The Blockchain – powered Komodo (KMD) had -4.37% fall during a day

May 11, 2018 - By Ellis Scott

It was bad day for Komodo (KMD), as it declined by $-0.142424568 or -4.37%, touching $3.116321208. International Cryptocoin Experts believe that Komodo (KMD) is looking for the $3.4279533288 goal. According to 6 analysts could reach $6.77907412088354. The highest price was $3.407440608 and lowest of $3.074220864 for May 10-11. The open was $3.258745776. It last traded at Binance exchange. Aproximately 503 KMD worth $1,901 was traded.

For a month, Komodo (KMD) tokens went up 9.73% from $2.84 for coin. For 100 days KMD is down -46.91% from $5.87. It traded at $1.68 200 days ago. Komodo (KMD) has 104.06M coins mined with the market cap $324.28M. It has 200.00M coins in circulation. It was founded on 01/09/2016. The Crypto KMD has dPoW/PoW proof type and operates under Equihash algorithm.

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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