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# 1st Gen Model Komodo

$0.00026130 Last close price
at 15-dec-2017

KMDBTC

Model's trade recommendations No return for period yet

100.95M Total coins mined

KMDBTC

Model (following trade recommendations)

KMDBTC

Underlying stock

S&P 500

Index
Return for period
-17.21%
1.78%
52wk return
177.98%
16.82%
52wk Range
0.00—0.00
2000.54—2399.63
  • Equihash Algoritnm
  • dPoW/PoW Proof type

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.

Time to mine a block 60.0