Komodo Coin (KMD): what is it
The Komodo Coin (KMD) emerged from a spin-off from ZCash. You can find out what the currency is all about in this practical tip.
Komodo Coin cryptocurrency - high anonymity and security
- The Komodo Coin was first issued by SuperNET in February 2017 at a price of $ 0.10.
- Komodo is a fork from ZCash. Since ZCash is based on Bitcoin, Komodo combines the properties of both currencies, so to speak.
- ZCash's Zero Knowledge Proof ensures high anonymity. Depending on the situation, the transaction can be masked up to 100% or made partially transparent.
- Komodo inherited security from Bitcoin. Transactions are validated through the Bitcoin blockchain. A possible attacker would also have to manipulate the Bitcoin blockchain in order to attack the Komodo coin. In addition, a so-called delayed proof-of-work was implemented. Transactions are confirmed by both miners and 64 notary nodes.
- The currency can be mined with both CPUs and GPUs using the Equihash algorithm.