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
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.
This is great news. Well done!
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Thank you.
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