Komodo (KMD) Trading 85.8% Higher This Week

Komodo (KMD) traded up 79.1% against the dollar during the 24-hour period ending at 8:00 AM E.T. on August 20th. During the last seven days, Komodo has traded up 85.8% against the dollar. One Komodo coin can currently be bought for approximately $0.0115 or 0.00000016 BTC on popular cryptocurrency exchanges. Komodo has a total market cap of $1.57 million and $5.12 worth of Komodo was traded on exchanges in the last 24 hours.

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

• Zcash (ZEC) traded 9.7% higher against the dollar and now trades at $565.88 or 0.00791100 BTC.
• Horizen (ZEN) traded 10% higher against the dollar and now trades at $4.24 or 0.00005923 BTC.
• Pirate Chain (ARRR) traded up 5.8% against the dollar and now trades at $0.19 or 0.00000264 BTC.
• Bitcoin Gold (BTG) traded 12.7% higher against the dollar and now trades at $0.45 or 0.00000629 BTC.
• ZClassic (ZCL) traded 50% higher against the dollar and now trades at $0.27 or 0.00000377 BTC.

About Komodo

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official website is komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. 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. Telegram, Discord, YouTube, Reddit, Github”

Komodo Coin Trading

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

KMD/USD price chart by TradingView