Komodo aims to become the new standard of security and anonymity in the world of cryptocurrencies. Protected by Zcash's Zero Knowledge proof technology, users can perform 100% untraceable transactions. These transactions are secured by the computing power of the Bitcoin network, thanks to the new consensus mechanism introduced by Komodo, the delayed Proof of Work (dPoW).
KMD price in September 2017
Komodo team partnered with dICO Service and the world's first light weight SPV atomic swap was completed. So at 93.18 INR on 1 September 2017, there was a steep decline in the price of the KMD to 13.56 INR on 30 September 2017.
KMD price in October 2017
Partnering with Monaize to launch their blockchain on the Komodo platform, the team left no stones unturned in developing the Komodo ecosystem. Beginning at 156.50 INR on 1 October 2017, KMD flung down to 143.07 INR on 31 October 2017.
KMD price in November 2017
KMD being traded from 134.25 INR on 1 November 2017 saw a slow increase towards 169.52 INR on 30 November 2017.
KMD price in December 2017
ARDR started off at 174.78 INR on 2 December 2017 and was valued at 634.36 INR on 30 December 2017.
KMD price in January 2018
KMD started off at INR 631.89 on 1 January 2018 and was valued at INR 383.18 on 31 January 2018.
KMD price in February 2018
KMD started off at INR 373.40 on 1 February 2018 and dipped down to INR 254.65 on 27 February 2018.
About Komodo (KMD):
Komodo's mechanism is based on pre-elected 'notary nodes'. These nodes introduce Komodo blockchain information, based on Proof of Stake (PoS), into the Bitcoin blockchain, making this consensus protocol resistant to all attack vectors.
To be able to cover the costs necessary to maintain the notary nodes, the majority of the block reward and all the transaction fees generated on the platform are allocated directly to them.
By using this "foolproof" security system, Komodo is able to provide anonymous transactions; protected by Zcash's 'zero-disclosure proof of knowledge' and secured by Bitcoin network validation. So there is no risk of seeing a modified blockchain replace the original (which would require compromising the Bitcoin block string itself)
This process makes the Bitcoin network more energy-efficient by "recycling" its computing power to secure the Komodo blockchain. At the same time, other cryptocurrencies can adopt the 'deferred proof of work' (dPoW) for themselves, through Komodo. Komodo adds value to Bitcoin and the entire cryptocurrency ecosystem.