Komodo Trading Up 2.9% Over Last Week (KMD)

Komodo (KMD) traded 2.7% higher against the dollar during the 1-day period ending at 11:00 AM E.T. on March 22nd. Komodo has a total market cap of $23.41 million and $1.87 million worth of Komodo was traded on exchanges in the last day. Over the last seven days, Komodo has traded up 2.9% against the dollar. One Komodo coin can currently be purchased for $0.17 or 0.00000205 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over 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 down 0.6% against the dollar and now trades at $0.13 or 0.00000154 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0723 or 0.00000086 BTC.

Komodo Coin 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 140,756,474 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. The official website for Komodo is 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.”

Buying and Selling Komodo

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

KMD/USD price chart by TradingView