Presentation and definition of the crypto-currency Komodo (KMD)
- Name of the crypto-currency : Komodo
- Acronym : KMD
- Where to buy Komodo ? Binance
- Creation Date : September 2016
- White paper of Komodo
- Web Site of Komodo
The system Komodo
Komodo is a platform for anonymous, secure and decentralized, which allows you to perform transactions via the blockchain. Komodo was founded as the result of a fork of ZCash. The system therefore offers anonymous transactions, and encrypted thanks to the technology zk-SNARKS. Komodo combines the anonymity of the network Cash to the greater security of the Bitcoin network. Strictly speaking, one cannot consider Komodo as a real competitor to Bitcoin, but rather as an innovative project that uses the technology of Bitcoin.
The Delay Proof of Work
For the operation of the blockchain, the Komodo uses a consensus-specific : the Delay Proof of Work. It allows a security as great as the one used on the Bitcoin but has a consumption of much less computing power and energy. The blockchain Komodo works with 64 Notary Nodes. What are the nodes of the network that is used to check the blocks, the Komodo on the blockchain the Bitcoin. This process helps to ensure the safety. All currencies crypto can use the protocol dPoW by attaching to the blockchain Komodo.
The technologies of the dPoW and Notary Nodes allow you to create transactions to custom-called Atomic Swaps. These Atomic Swaps are carried out via BarterDEX. It is a decentralized that works in total autonomy, developed by the team of Komodo. Thus, users can exchange tokens between them without any intermediary, unlike exchange platforms classic.