Published on Feb 21, 2020
Komodo (KMD) is a decentralised, open-source cryptocurrency launched in September 2016. It has evolved from BitcoinDark (BTCD) and is developed by the same developer ("jl777"), but the underlying software was forked from Zcash and the new cryptocurrency runs on the SuperNET platform, using SuperNET's infrastructure and software applications. Focusing on privacy and anonymity of transactions, Komodo deploys a "delayed proof-of-work" (dPoW) consensus mechanism which relies on pre-voted notary nodes and which is secured by the Bitcoin (BTC) network. It uses Zcash's "zero knowledge proof" to (optionally) make transactions anonymous and untraceable
Komodo cryptocurrency uses blockchain technology just like many of the new cryptos of 2017. However, this platform offers much better security and decentralized hosting of blockchains. Because privacy is such a valued asset here, the team members of the coin use pseudonyms. The enhanced security is achieved using the Bitcoin’s blockchain ‘delayed proof of work’ technology. With this crypto, you get to enjoy multiple wallets and pegged assets. It is an open-source alternative coin and this means that transactions are transparent, private, anonymous and fungible.
Komodo is a project of SuperNet blockchain. Just like Zcash, this crypto uses the sk-SNARK protocol which improves the way a cryptocurrency works. Komodo became the first crypto to issue a decentralized initial coin offer (dICO). There are 200 million fixed coins of which 100 million were pre-mined and distributed during the ICO. The remaining 100 million coins are mined through the proof-of-work (POW) algorithm.
Komodo is building a border-less world, where horizontal business structure gives a competitive edge. Financial information stays private, and people may save, invest, and prosper without having to worry about politics or corruption.
A cloud-based digital economy drives global prosperity.
What is the Komodo Platform?
We are developing an open financial infrastructure that will form a base for a digital economy where KOMODO will play a central role as currency.
KMD coins are the fuel for our platform. The developed decentralized applications and Komodo services may require KOMODO. As such, the coins will enjoy growing demand.
KOMODO is also a gateway into other financial assets, such as national KOMODO currencies. Also, other coins will be trading against KMD or many other coins in a new decentralized exchange.
