Komodo
KMD

456.75
XVP
5.02 %
Change 24h
Market Cap
XVP 51,905,503,054
Volume 24h
XVP 2,830,921,194
Circulating Supply
113,578,000
Total Supply
200,000,000
KMD
XVP
Description
Komodo is a privacy-centric coin that promises to be a faster, safer, and ultimately decentralized cryptocurrency with its own established ecosystem. Komodo’s very private development team stresses the concept of freedom with their platform, from the standpoint of both users and developers. Access to Komodo receives special attention. Komodo’s system allows crypto users with average equipment to compete equally with those with expensive, specialized equipment, like application-specific integrated circuits (ASICs). ASICs have become a bit of a dirty word in the crypto community despite their prevalence in mining Bitcoin, Ethereum, and other top-shelf coins because they tend to aggregate the hashing power – and thus verification power – of a blockchain in the hands of a few powerful miners. There is little public information available about the core Komodo team, which is in keeping with the coin’s privacy-centric theme and its past life as BitcoinDark. The management, marketing, and development team information, however, is freely available in the project’s roadmap section. The project leader is identified as James “jl777” Lee, and the chief technology officer is identified as ca333. A GitHub user by the handle of jl777 has been identified as one of the developers behind BitcoinDark, so it’s highly likely that this is the same developer or development team, given Komodo’s pedigree. Currently to purchase Komodo you must own Bitcoin. Not to worry! Soon, Komodo users will be able to purchase with fiat directly. However, until then, this guide will help you understand the simplest way of buying KMD on Bittrex. You can buy bitcoins from either exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you live and where you are purchasing. Next, you will need a place to store your new bitcoins. In the bitcoin world, they're called a 'wallet' but it might be best to think of them as a kind of bank account."