ALTCOINS You need to know about : ALTVIEW CHAPTER 1

in cryptocurrency โ€ขย  7 years agoย 

Welcome to the very first edition of altview.

KOMODO

Today I gonna review about Komodo,the reason I chose the coin to discuss is bcoz I rolled the dice๐Ÿ˜‚ and got komodo. Jokes aside let's jump in to it.

Komodo is pretty vast project so I break the komodo into 4 different parts

Zcash๐Ÿ˜Ž

Yes we have to talk about zero protocol first as komodo got it's backbone from the zero protocol.
As we know in traditional Bitcoin transaction is stored in a distributed ledger form and it's nearly unhackable but anyone with tech savvy brain can Trace back transaction and reach to you
So in zero protocol which creates zcash initially which is a privacy coin
So in a privacy coin your transaction can't be traced back and that's what truly decentralized coin can do so does komodo which inherit the capability of zcash.IMG_20180301_024440.jpg
Here's how it up against other privacy coins1_Ih2lq_Vw3TX3pO6o1cTBTA.png

delayed proof of work (dPoW)๐Ÿ™‚

It is the second layer of mechanism for a unhackable system (just like other blockchain) but with a catch it don't use any hash power like Bitcoin instead it uses the hash power of Bitcoin block chain to authenticate it's work and in future it can shift chain according to the dominant block chain.Screenshot-2017-12-27-07.19.43.png

Decentralized initial coin offerings (dico)๐Ÿ˜‹

It's the key highlighting feature of komodo. Just like any other crypto protocol you can make a dapps/icos in the blockchain but there the similarity ends. Komodo provides a independent block chain to every new projects meaning there is no more congestion like ethereum network in komodo platform as every project have it's own blockchain. Further during ico period investor can contribute to the project through any crypto they like๐Ÿ˜ˆ. That will save so much time and effort.0_5hdqel5jybyoC5P2.pngScreenshot_2018-03-01-02-22-13-630_com.medium.reader.png

Barterdex ๐Ÿ˜

It's a truly decentralized exchange which runs on atomic swaps. Atomic swaps are gonna be the next big thing in crypto. As today the centralized exchange are getting raided and controlled by the government. With increasing regulation truly decentralized exchange is much needed thing. IMG_20180301_025346_222.jpg

a strong roadmap

IMG_20180301_025340_171.jpgIMG_20180301_025238_601.jpg

Some key facts :-

  1. agama wallet :- multi wallet with a 5% of staking reward
  2. komodo platform and team have mastered the atomic swaps which is pretty big deal as of today roughly 68000 swaps completed.IMG_20180301_025100.png
  3. first dicos launch is within 1/2 months.So its price going up for sure.Screenshot-2017-12-27-15.12.17.png
    Lastly should you invest in that's your decision buddy๐Ÿ˜‰.

White paper:- it's here
Website:- I don't wanna give that
Where to buy:- binance

if u like the post don't forget to upvote ๐Ÿ˜‰ let's grow together

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ย  ยท ย 7 years agoย 


Welcome to Steemit @sidd10!

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ย  ยท ย 7 years agoย 


Welcome to Steem @sidd10.

Do read A thumb rule for steemit minnows - 50:100:200:25 for starter tips.

Spend time reading Steem Blue Paper to know how Steem blockchian works and if you still have any queries ask them on our Ask me anything about Steemit post and we will try to answer that.

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ย  ยท ย 7 years agoย 

Great post! I've been a fan of Zcash for a while now but hadn't gotten around to looking deeper into Komodo even though I had heard a lot of good things.

Interested to hear your thoughts on other altcoins in the future!

ย  ยท ย 7 years agoย 

Komodo project is huge mate๐Ÿ™‚ if u have time read their whitepaper ๐Ÿ˜Ž and also chap 1 of ALTVIEW stay tuned for next edition ๐Ÿ˜„

ย  ยท ย 7 years agoย 

welcome to steemit! awesome sidd10

ย  ยท ย 7 years agoย (edited)

You too mate๐Ÿ™‚ nd thanks 4 stopping by

ย  ยท ย 7 years agoย 

I think XLM is a better version of DICO and has more of a following, allowing the ICO to before successful.

ย  ยท ย 7 years agoย 

Actually xlm is older so definitely better in some aspects and also they have more partnerships but I think bartherdex + dico is great๐Ÿ™‚

ย  ยท ย 7 years agoย 

There are so many of them and I wish I can understand them better like you. Good article!

ย  ยท ย 7 years agoย 

I will review more in future in more simpler way๐Ÿ™‚ stay tuned this one is so big ๐Ÿ˜„ so little complicated

ย  ยท ย 7 years agoย 

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ย  ยท ย 6 years agoย 

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ย  ยท ย 5 years agoย 

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