• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
komodo
Nexo

Anonymous Altcoin Komodo Launches ICO

Bitcoinist by Bitcoinist
6 years ago
in Altcoin News, Altcoins
0
Advertisement

Komodo (KMD), an anonymous cryptocurrency based on ZCash, launched a public ICO on October 15 that will last until November 20, 2016.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Komodo: Full Anonymity Through Zero Knowledge Proofs

 

komodoSupporting zero knowledge proofs and secured by the Bitcoin hash rate, Komodo claims to be fully anonymous with Bitcoin-level blockchain security.

Operating on the delayed Proof of Work consensus model, the currency uses what developers call “custom transactions,” which are broadcast by Komodo’s “notary nodes.” Developers say that these notary nodes can be used by other currencies to secure their own blockchains.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

According to a press release, this cryptocurrency has an operational testnet in place, with developers working on improving the protocol.

This project draws inspiration from Bitshares and Steemit, using a delegated proof of stake mining algorithm to “eliminate the use of [Proof of Work] mining,” the team said in a press release.

Other cryptocurrency developers have criticized the Proof of Work algorithm, arguing that its resource-intensive nature opens doors for centralization through economies of scale, and is generally bad for the environment.

To solve those perceived problems, developers built alternative models, such as proof of stake.

Komodo creators say the currency is a product of research done by the BitcoinDark (BTCD) and SuperNET teams. As such, the team told press that BTCD holders can swap their coins for KMD at a 50 percent bonus.

Additionally, BTCD holders will “receive a special asset issued on the Komodo blockchain, that allows them to continue receiving dividends from Bitcoin Dark,” according to a press release.

The cryptocurrency will have an initial supply of 100 million KMD. Developers claim that 90 percent of this supply will be distributed to ICO participants, while the other 10 percent will be held “for development, marketing, advisers, and bounties.

This cryptocurrency project comes amid several announcements of new coins claiming to provide full anonymity through the use of zero knowledge proofs.

What do you think about new currencies using zero knowledge proofs? Let us know in the comments below.


Images courtesy of Komodo.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Sango, President Faustin-Archange Touadéra

The Central African Republic Unveils Sango Project, Disappoints The World

22 hours ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

1 week ago
Three Arrows Capital (3AC)

Inside The Three Arrows Capital (3AC) Collapse And The Lessons It Has Taught Crypto

2 weeks ago
Sports sponsorship deals are seeing impacts from the broader crypto markets.

In The Bear Market Madness, Crypto Sports Sponsorships Stall

2 weeks ago
MEV, a pink piggy bank

Bank For International Settlements Explains MEV & Ethereum Market Manipulation

3 weeks ago
Celsius

Hindsight 20/20: The ‘Missed’ Signs Of The Celsius Insolvency

3 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.