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What Is Komodo Coin

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The Best What Is Komodo Coin of 2023 – Reviewed and Top Rated

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FAQ:

Q: How does Komodo work as a cryptocurrency?

A: 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.

Q: Is the Komodo blockchain a bitcoin fork?

A: The Komodo Blockchain, like so many projects, has its origin in the Bitcoin Blockchain, at least indirectly. Komodo is a fork from Zcash (ZEC), which split off from Bitcoin in October 2016 to solve the problem of Bitcoin’s lack of anonymity. Accordingly, Komodo also has the privacy features of Zcash (such as Zero Knowledge Proofs).

Q: How much is Komodo worth in the market?

A: Komodo Price Today Komodo Price $0.6236 Price Change 24h $0.05319 9.32% 24h Low / 24h High $0.5704 / $0.6414 Trading Volume 24h $7,665,982.32 160.77% Volume / Market Cap 0.09712 2 more rows …

Q: What’s the difference between Komodo and Zcash?

A: Komodo is a fork from Zcash (ZEC), which split off from Bitcoin in October 2016 to solve the problem of Bitcoin’s lack of anonymity. Accordingly, Komodo also has the privacy features of Zcash (such as Zero Knowledge Proofs). However, the beginnings of Komodo date further back.

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