Komodo KMD joins Kyber Network KNC and Quant Network Token QNT as top 3 crypto gainers at Easy Crypto
Komodo, with its in-house coin being KMD, has jumped by 18.65% in the last 24 hours and is valued at US$0.5435.
KMD is an open, multi-chain platform offering end-to-end blockchain solutions for developers in any industry with opportunity for projects to create their own blockchains and host token sales. It is a hard fork from Zcash which is a privacy-oriented fork of Bitcoin.
What it means is that Komodo’s roots stem from Satoshi Nakamoto’s pioneering work and the Bitcoin protocol. It inherits the technology from both Bitcoin and Zcash.
The Komodo Smart Chain software preserves Zcash’s inherent privacy features. These mainly consist of the ability to convert money from a transparent address to a private address and then transfer money from one private address to another. Zcash technology allows the money to be moved between two private addresses without leaving any public data trail.
This is one of the most powerful forms of blockchain privacy in existence, as the privacy offered is permanent.
Being a second-generation blockchain, Komodo Platform integrates several notable features like anonymity, transaction privacy, next-generation UXTO Smart Contracts, limitless scalability, multi-chain sync and heaps more.
Its solutions are focused on improving four pillars of blockchain technology, i.e., interoperability, security, adaptability and scalability.
As of now, KMD’s circulating supply is nearly 130.26 million coins, while its maximum supply stands at 200 million coins.
Kyber Network, with KNC being its native currency, has risen by 11.32% in the last 24 hours and is currently priced at US$2.08.
It is a multi-chain crypto trading and liquidity hub that aggregates liquidity from different sources to enable secure and instant transactions on any DAapp.
The network is governed by KyberDAO, which is a KNC token holders’ decentralised community. The token holders stake their tokens and collectively vote on governance proposals that determine future developments.
It is pointed out that all the transactions on this network can be easily verified using any Ethereum block explorer.
Quant Network’s in-house token is known as QNT, which is up by 16.33% in the last 24 hours and is currently trading at US$124.14.
Launched in 2018, Quant aims to connect distributed ledgers across the globe for faster, more efficient growth.
Its operating system is known as Overledger, which delivers interoperability across networks and systems cost effectively and securely.
As of now, its circulating supply is about 12.07 million QNT coins, while its maximum supply is 14.61 million QNT coins.
Crypto investments are lucrative, though this market witnesses steep price fluctuations. Hence, crypto investors must be very cautious and prudent while investing.