Komodo (KMD) Hits Market Capitalization of $43.06 Million

Komodo (KMD) traded up 6.8% against the US dollar during the twenty-four hour period ending at 13:00 PM Eastern on August 6th. In the last seven days, Komodo has traded up 0.5% against the US dollar. One Komodo coin can now be bought for $0.32 or 0.00001402 BTC on cryptocurrency exchanges. Komodo has a total market capitalization of $43.06 million and approximately $2.96 million worth of Komodo was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

  • Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $67.56 or 0.00292638 BTC.
  • Bitcoin Gold (BTG) traded 0.9% lower against the dollar and now trades at $28.98 or 0.00125514 BTC.
  • Horizen (ZEN) traded 4.8% higher against the dollar and now trades at $18.87 or 0.00081754 BTC.
  • Pirate Chain (ARRR) traded down 1% against the dollar and now trades at $0.51 or 0.00002188 BTC.
  • Alchemy Pay (ACH) traded down 1.3% against the dollar and now trades at $0.0159 or 0.00000069 BTC.
  • Bitcoin Private (BTCP) traded up 0.3% against the dollar and now trades at $0.78 or 0.00003370 BTC.
  • BitcoinZ (BTCZ) traded 0.5% lower against the dollar and now trades at $0.0002 or 0.00000001 BTC.
  • TENT (TENT) traded 1.5% higher against the dollar and now trades at $0.0488 or 0.00000211 BTC.
  • Ycash (YEC) traded 9.1% higher against the dollar and now trades at $0.10 or 0.00000439 BTC.
  • Flux (FLX) traded 4.1% lower against the dollar and now trades at $0.0781 or 0.00000338 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 131,586,722 coins and its circulating supply is 133,061,438 coins. The official message board for Komodo is blog.komodoplatform.com. The Reddit community for Komodo is /r/komodoplatform and the currency’s Github account can be viewed here. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here.

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. “

Buying and Selling Komodo

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

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