Komodo (KMD) is a crypto project intending to provide more anonymity and security than first-generation cryptos like Bitcoin. It is a decentralized Peer to Peer blockchain technology based upon sheer mathematics, who work with a vision of bringing financial inclusion to everyone through a blockchain-based ecosystem. Investors are demanding for KMD forecast due to the recent changes in the market. These changes have entirely changed the phase of the crypto world. We analyze the value of the crypto and give the possible future costs. These projections are made according to today’s price. It cannot be correct all the time.
Komodo Forecast 2018
The coin came to life in 2016 is based on an entirely new protective algorithm created by the project team. The consent mechanism, known as delayed proof-of-work, allows users to certify the blocks of transactions using Bitcoin blockchain. The blockchain security feature and the other SuperNETtechnologies such as atomic swaps will enable them to link multiple blockchains into one vast blockchain network. A token-based platform is the Protocol Equihash. Since the platform uses a zero-disclosure proof algorithm, the coin guarantees an unusually high level of anonymity. After the careful analysis of the costs of KMD, our predictors have stated that Komodo will be experiencing a growth in its value by the end of this year and may reach up to $4.27 which is a 220.54% hike.
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KMD is the world’s first electronic currency to make use of the delayed proof-of-work security Protocol. It relies on a technology termed as Zero Knowledge Proof. ZKP is a system that allows a prover to prove the fact of having some data without revealing anything more than the evidence that he does has it. This technology enables KMD transactions to be 100% private. To enhance security, Komodo uses a Delayed-Proof-of-Work consensus protocol which is related to the standard Proof-of-Work but adds a notarization mechanism that assures the integrity of a new block. We cannot rely on the crypto market. It keeps on fluctuating. If the costs of the coin increase it may go up to $5.33.
Komodo partners up with Monaize
Having focused on the B2B space and young entrepreneurs, e-banking platform Monaize understood the industry shift early on – this has driven its adoption of blockchain platforms and technology through a new strategic partnership with Komodo. Monaize has stated that “Our mission is to push the boundaries in innovation through a long-term partnership with the Komodo Platform. Our joint vision is to bridge banking and blockchain, and to help cryptocurrencies achieve mainstream adoption”. This partnership has increased the values of the coin.
Komodo Price Today, Tomorrow and This Week
The digital currency is currently trading at $2.23 after a decrease of 2.30% in the last twenty-four hours. The predictors believe that the amount is going to have a 39.46% change and will drop down to $1.35. And it is predicted that by the end of this week the value of KMD will be $1.29 with a change of 42.15%. These values cannot be taken as it is, the market may fluctuate anytime. But these type of forecasts gives hopes to the investors to continue to fund in this crypto.
Disclaimer: The content provided in the article should not be practiced as it is, and is not meant to provide, investment advice. Coinsmarketcap and its members, representatives, and writers give the information of the coin with careful study. Please conduct your precise survey before investing in any crypto.