Komodo (KMD) 2018-05-02T03:48:44+00:00

Komodo (KMD)

Project Description

Purpose
Komodo was created when they forked from Zcash. The Komodo Platform focuses on providing complete end-to-end blockchain solutions for developers of any level and any industry. It is simple yet powerful, offering customized blockchain solutions that are easy to deploy, and configurable to meet your needs. Their vision is to build a robust ecosystem of partners and developers, where together they create an environment that accelerates anyone’s journey into blockchain technology.
 
Developers who build on the Komodo platform begin with an independent blockchain of their own, which is then connected to the Komodo ecosystem. Because your blockchain is entirely self-contained, you are ultimately not limited by the Komodo parent chain. As the Komodo Platform is modular, developers and partners have the freedom to choose which Komodo technologies they want to enable.
 
The Komodo platform also serves as a decentralized exchange and allows for atomic swaps within its BarterDEX private wallet.
 
Strengths
– Decentralized exchange
– Private transaction through the use of the zero-knowledge proof protocol
Weaknesses
– Tokens created on the Komodo platform are not ERC20
Network Status
The network is up and running.
Roadmap
Komodo has not released a 2018 roadmap yet.
Governance
Komodo used a delayed Proof-of-Work consensus protocol. Komodo’s consensus mechanism uses the chosen PoW network as a storage space for “backups” of Komodo transactions. In a key difference separating Komodo from regular PoW networks, their dPoW consensus mechanism does not recognize The Longest Chain Rule. Instead, to resolve a conflict in the Komodo network, the dPoW consensus mechanism looks to backups it inserted previously into the chosen PoW blockchain.
Every KMD holder will get 5% annual percentage rate (APR) automatically. No other action is required than moving the funds between wallets once a year.
 
Similarities
Komodo is similar to Zcash since is used the same privacy technologies. Komodo is also similar to Ethereum, Cardano and many other blockchain platform on which you build your own blockchain.
Notable partnerships
Komodo is partnered with Syscoin and Monaize.
Exchange
KMD is traded on Upbit, Bittrex, Binance and HitBTC.
Stack
Komodo is a blockchain layer.
Community
Reddit: 5 156 subscribers Twitter: 78.7k followers
Price history
Feb-13-2018: 4.06 USD Dec-2017: 2.63 USD Sept-2017: 1.46 USD July-2017: 1.70 USD
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations

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