Komodo Tops One Day Volume of $1.87 Million (KMD)

Komodo (KMD) traded up 2.7% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 22nd. In the last week, Komodo has traded 2.9% higher against the U.S. dollar. One Komodo coin can currently be bought for $0.17 or 0.00000205 BTC on popular exchanges. Komodo has a market capitalization of $23.41 million and approximately $1.87 million worth of Komodo was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded up 0.1% against the dollar and now trades at $30.47 or 0.00036257 BTC.
• Horizen (ZEN) traded up 0.4% against the dollar and now trades at $8.91 or 0.00010600 BTC.
• Bitcoin Gold (BTG) traded down 12.4% against the dollar and now trades at $2.93 or 0.00003483 BTC.
• Pirate Chain (ARRR) traded 0.6% lower against the dollar and now trades at $0.13 or 0.00000154 BTC.
• ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0723 or 0.00000086 BTC.

Komodo Coin Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,756,474 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board is blog.komodoplatform.com.

According to CryptoCompare, “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.”

Komodo Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView