Komodo (KMD) Trading 3.3% Higher This Week

Komodo (KMD) traded down 0.2% against the U.S. dollar during the 24-hour period ending at 23:00 PM E.T. on November 24th. Komodo has a market capitalization of $26.05 million and $2.04 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be purchased for $0.19 or 0.00001171 BTC on major cryptocurrency exchanges. During the last week, Komodo has traded 3.3% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • Zcash (ZEC) traded 1.1% lower against the dollar and now trades at $42.60 or 0.00258324 BTC.
  • Bitcoin Gold (BTG) traded 2.8% lower against the dollar and now trades at $14.57 or 0.00088349 BTC.
  • Horizen (ZEN) traded down 6% against the dollar and now trades at $9.18 or 0.00055665 BTC.
  • Pirate Chain (ARRR) traded up 0.7% against the dollar and now trades at $0.36 or 0.00002178 BTC.
  • Bitcoin Private (BTCP) traded down 9.1% against the dollar and now trades at $0.52 or 0.00003132 BTC.
  • ZClassic (ZCL) traded down 0% against the dollar and now trades at $0.0363 or 0.00000220 BTC.

Komodo Coin Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 131,586,722 coins and its circulating supply is 134,878,546 coins. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. The official message board for Komodo is blog.komodoplatform.com. 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.”

Komodo Coin Trading

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

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