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Komodo

Komodo

KMD
#1064
$0.003926Down 0.04 percent($0.00)

Key Stats

Market Cap$553.64KDown 0.04 percent
Volume (24h)$31.12K
Fully Diluted Value$785.35K
Vol/Mkt Cap (24h)5.62%
Total Supply140.99M KMD
Max Supply200.00M KMD
Circulating Supply140.99M KMD
Launch Date2016-09-13
Block Number5,106,942
Block Reward1.00
Network H/s480.81K

Komodo Information

Websites
komodoplatform.comWhitepaper
Block Explorers
kmdexplorer.io
Hashing Algorithms
Equihash
Industries
Cross-Chain Infrastructure

Komodo Price Converter

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Komodo Markets

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InstrumentExchangeBenchmark DataPrice24h Change
KomodoUSDT logo
KMD-USDT
kmd_usdt
xtpub
-
0.003930USDT
0.00%
KomodoUSDT logo
KMD-USDT
KMDUSDT
hitbtc logohitbtc
E
0.003560USDT
0.00%
KomodoUSDT logo
KMD-USDT
KMDUSDT
latoken logolatoken
D
0.1450USDT
0.00%
KomodoINR logo
KMD-INR
KMDINR
bitbns logobitbns
-
4.80INR
0.00%

About Komodo

Komodo (KMD) is a blockchain and cryptocurrency platform focused on security, anonymity, and interoperability. Stemming from Bitcoin's foundation, it surpasses limitations with advanced tech. Key is "delayed proof of work" (dPoW), backing up Komodo on Bitcoin's chain for extra security. This innovation supports independent blockchains with unique consensus mechanisms, ideal for decentralized apps and secure token sales. Founded by James Lee, Komodo's team envisioned a privacy-focused, scalable ecosystem, leveraging Lee's software and blockchain expertise.

Frequently Asked Questions

Komodo is a comprehensive blockchain platform and cryptocurrency designed with a focus on providing advanced security, anonymity, and interoperability features. Developed as an enhancement over the Bitcoin protocol, Komodo integrates innovative technologies to overcome the limitations of previous blockchain systems and enrich their functionalities.

One of Komodo's hallmark features is "delayed proof of work" (dPoW), a consensus mechanism that allows the Komodo blockchain to secure itself by leveraging the robustness of the Bitcoin blockchain. This adds an additional layer of security, safeguarding the network against potential attacks.

Komodo's versatile platform supports the development of independent blockchains, each with customizable consensus mechanisms. This flexibility makes it suitable for a wide array of applications, including the deployment of decentralized applications (dApps) and the execution of secure token sales. The Komodo token (KMD) serves multiple functions, such as covering transaction fees, powering dApps, voting for Notary Nodes (dedicated validating servers), and even earning users a 5% active user reward without requiring staking or locking of funds.

Komodo was conceived and developed by a team under the leadership of James Lee. With expertise in software development and an in-depth understanding of blockchain technology, Lee has been instrumental in shaping the vision and technical framework of the Komodo ecosystem. The project aims to deliver a secure, private, and scalable blockchain platform that caters to both developers and end-users. Specific information about the timeline of Komodo's creation was not available at the time of writing.