Komodo (KMD), a multi-function blockchain project, recorded a 17.6% price increase until Sunday morning, despite the wider cryptocurrency market recorded a slight decline at the same time.
A large group of mandatory updates is scheduled for the Komodo blockchain on December 15th, including the addition of the Sapling technology recently implemented by Zcash (ZEC), the blockchain from which the Komodo originally was originally created.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
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Komodo Hardfork Nears
The next hardfork will see the implementation of Zling's Sapling technology, which has already been adopted by many other blockchains. The upgrade, which will require a hardfork, will also take advantage of recent Verus Coin (VRSC) developments that enable the same CPU / GPU hashing algorithms, as well as intelligent interchain contracts.
According to a recent announcement by the Komodo team:
"An update of the Komodo code will be made on December 15, 2018 at 01:00 UTC. The update will trigger a series of new features, including the update of sapling, 10 new assetchain parameters and an increase in block sizes for all updated chains, from 2 MB to 4 MB. "
The upgrade will see a number of features added or modified on the KMD blockchain, including the addition of VerusHash and VerusPoS algorithms, which will be able to equally subdivide KMD mining / staking between CPU users and GPU.
Komodo has many strings to its bow, and offers both private and transparent transactions, personalized blockchain, stakeout returns, and its own DEX and Atomic Swaps. It was ranked 16th by the Chinese government in its global public chain technology rating index, and received a friendly boost from Binance CZ in a recent Forbes article, in which he suggested that customizable blockchains like Komodo could survive the standard crop.
Price of Komodo – KMD / USD
KMD grew 17.6% from Saturday to Sunday, as the price of coins rose from $ 0.882491 to $ 0.802885.
The peak arrived at around 09:00 UTC, however the peak seems to have captured many home runs, as an increase in trade volumes came only after the growth had already peaked and was coming back.
From $ 200,000 to $ 1.37 million, KMD's trade volumes have increased nearly seven times since its peak, with more than 80% of the volume flooded by the BTC markets on Binance, Bittrex and Upbit.
Komodo has quietly gained 61% gains in the previous week, and if the old scheme has occurred, we could see other purchases of KMD in the next two weeks before the news is sold when the pitchfork arrives.
Despite the 61% weekly growth, KMD is still down 40% just for the month, and falls 94.7% compared to the ATH of $ 15.41.