Crypto currency Komodo gained 15% over the past day.
It has been trading at 0.0001034 BTC or about 29.3 WAXP.
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 secured with Bitcoin's hash rate.
Komodo is listed on CoinBene, Binance, HuobiPro, BitTrex, HitBTC, huobikorea, crex24, LiveCoin and Upbit cryptocurrency exchanges.
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