Komodo (KMD) plunges -27.30% on December 7-8

December 8, 2017 - By Darrin Black

Komodo (KMD) had a bad 24 hours as the cryptocurrency declined $-1.15 or -27.30% trading at $3.07. According to Global Crypto Analysts, Komodo (KMD) eyes $3.38 target on the road to $7.88. KMD last traded at Binance exchange. It had high of $4.29 and low of $2.78 for December 7-8. The open was $4.22.

Komodo (KMD) is up 8.89% in the last 30 days from $2.82 per coin. Its up 102.02% in the last 100 days since when traded at $1.52 and the annual trend is up. 200 days ago KMD traded at $0.52. KMD has 103.71 million coins mined giving it $318.46 million market cap. Komodo maximum coins available are 200.00M. KMD uses Equihash algorithm and dPoW/PoW proof type. It was started on 01/09/2016.

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.

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