KMD’s price surged after the project added support for 13 blockchain networks and announced plans to launch an NFT collection.
Komodo is a decentralized, open-source blockchain that uses the Equihash algorithm, a delayed proof-of-work consensus mechanism. Komodo’s goal is to provide an end-to-end solution for blockchain applications, including a platform for initial coin offerings ( ICOs), atomic swaps and a decentralized exchange (DEX).
The native currency of the Komodo platform is KMD, which can be used to pay for transaction fees, create DApps and vote for Notary Nodes (dedicated servers).
Komodo also aims to help developers carry out transactions while remaining anonymous. The Komodo blockchain claims to facilitate interoperability, security and flexibility in blockchain-based business solutions.
A backup of the Komodo chain is recorded on the Bitcoin network every 10 minutes, a feature made possible by 64 dedicated servers, or Notary Nodes. Such a safeguard ensures that changes won’t be accepted in the event of a hijack, as the Bitcoin network backups won’t reflect them.
The AtomicDEX API claims to be compatible with 99% of cryptocurrencies in existence.6622
A surge in user activity and new token listings allowed WRX, PRE and KMD to shake off the week-long crypto market downturn and post double-digit gains.5421
Privacy coins are quietly being relegated to the fringes of the Blockchain space.11485
Security for mobile decentralized exchange usage depends on several factors.3346
US government decides to foster 5G and IoT technologies over defense lobby’s objections.3212
Little-known multi-chain architecture project, Komodo (KMD), saw 102% growth against the dollar over the past month, after plunging 75% one month previous.13647
Komodo developers claim that it has created an implementation of its AtomicDEX that runs a full P2P node in the user’s web browser.4845
Funds worth an estimated $13 million were successfully shielded from attackers after Komodo reacted to a security vulnerability.7536
A vulnerability that could have permitted an attacker to coin infinite ZEC has been patched and disclosed by the company behind the coin.7192
E-banking platform Monaize set to conduct the world’s first decentralized ICO on Nov. 10 in partnership with Komodo Platform.14292
Decentralized trading, anonymity, and pegged assets is something we all want. Today they are working and waiting for the launch of Komodo.
Concerns regarding the pseudonymous nature of Bitcoin and the techniques that can be used to identify users via Blockchain analysis has led to the creation of a new cryptocurrency: Komodo.