Komodo (KMD) Coin Overview

in komodo •  7 years ago 

what-is-komodo-kmd-crypto-currency-platform-why-this-cryptos-price-is-surging-exponentially.jpg

The Komodo Platform is a cryptocurrency project that focuses on providing obscurity through zero information proofs and security through a unique Delayed Proof of work (dPoW) protocol. The Komodo Platform was forked from Zcash by the SuperNET team and it's the evolution of the BitcoinDark cryptocurrency. 


The SuperNET team has additionally developed a hand filled with individual tools that may stand along with Komodo to create a whole scheme with advanced functionalities like decentralised commercialism and combining.


Understanding The Komodo Platform



1. Zcash 

This can be an open cryptocurrency project that uses the sk-SNARK protocol. this is a brand new cryptological zero-knowledge proof protocol that ensures privacy, anonymity, and exchangeability of any cryptocurrency. Komodo is additionally victimisation constant protocol to form personal and anonymous transactions.


2. Delayed Proof of work (dPOW) 

This can be a brand new protocol developed by Komodo developers. it's a accord mechanism that uses the regular proof of work protocol (just like Bitcoin) however will it somewhat otherwise. dPoW involves a mechanism that notarizes the blocks on the blockchain, making certain total unchangeableness and giving the transactions a second layer of security. The 64 pre-selected functionary nodes try this notarization work and mitigate the chance of unchangeableness. this suggests that if some aggressor desires to vary a historic Komodo dealing, then he/she has got to 1st amendment the Bitcoin blockchain, that we already grasp isn't doable.



3. SuperNET 

SuperNET may be a decentralised organization that's developing open-source and localised tools for the cryptocurrency market, like multi-coin wallets, decentralised exchanges, and worth stability merchandise. The Komodo cryptocurrency is that the official currency of SuperNET.


Market Summary


Current worth - $2.37

Market Cap - $239,394,296 

Volume (24h) - $3,008,700

Circulating provide - 100,945,510 KMD


chart.png

Future of Komodo


From a cryptocurrency investment purpose of read, Komodo has given a major return to its investors since the ICO. i feel this high return can continue because the team goes to refine and strengthen their marketing/development efforts.Apart from this, Komodo is formally a part of the SuperNET project, that is developing many tools for the decentralised cryptocurrency trade.



PLUG & PLAY (WHITE LABEL) SOLUTIONS



Independent Blockchain


Our technology offers developers a native blockchain (assetchain), enabling  full management of the event.



Wallet & Explorer


We have white label merchandise able to go. solely your branding has to be additional.




Micropayment Channels


Attach micropayments into your service: quick block time and no fees.




Scalable Payment Network


Our platform offers ascendable payment solutions through advanced sidechain technology.




Fiat Pegged Assetchains


Integrate stable peer-to-peer payments into your service, totally decentralised.




Blockchain Information System


Key-Value storage brings a lightning quick information structure to blockchain while not the large overhead.




DECENTRALIZED ECONOMY


Our platform is standard and intrinsically it's simple to contribute. Developers can grow our scheme by building DAPPs on prime of our platform. The network impact are going to be huge since all modules are compatible with one another. The scheme can erase borders and connect our society.




Language-Agnostic Smart Contracts


Smart chains are complete modules for developers with any background.




Extensive API Library


The technological capabilities are wide; and so is our API library.




Zcash Private Transactions


Take advantage of the most effective on the market privacy technology.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is great news. Well done!

Thank you.

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jigspatel721 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.