Komodo (KMD) Hits Market Capitalization of $43.06 Million

Komodo (KMD) traded 6.8% higher against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on August 6th. Komodo has a total market capitalization of $43.06 million and $2.96 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be purchased for approximately $0.32 or 0.00001402 BTC on major cryptocurrency exchanges. During the last seven days, Komodo has traded 0.5% higher against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $67.56 or 0.00292638 BTC.
  • Bitcoin Gold (BTG) traded down 0.9% 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 1.3% lower 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 up 1.5% 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 down 4.1% against the dollar and now trades at $0.0781 or 0.00000338 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was 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. Komodo’s official website 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 possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the exchanges listed above.

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