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Komodo (cryptocurrency)

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Komodo (KMD) is a cryptocurrency and platform, facilitating atomic swaps (cryptocurrency exchange without third-party involvement).[1]

History[edit | edit source]

A atomic swap was achieved in December 2017 between the Komodo and the Bitcoin fork Bitcoin Cash (BCH) cryptocurrency, using BarterDEX, a decentralized cryptocurrency exchange supporting atomic swaps.[1][2]

Komodo partnered with Monaize in 2017, for blockchain e-banking and the development of a decentralized initial coin offering (DICO).[3][4]

Privacy[edit | edit source]

KMD coin has emerged from a fork of Zcash privacy coin and consequently inherited some of its privacy features[5]. Komodo platform privacy features include Zcash's untraceable zk-SNARK addresses, and its native Jumblr anonymizer mechanism[6][7]. Komodo team developed a consensus algorithm called Delayed Proof of Work (dPOW) which is an improved version of Bitcoin's proof-of-work system. This algorithm adds another layer of security by notarizing the blocks[8].

See also[edit | edit source]

Reference[edit | edit source]

  1. 1.0 1.1 "First Atomic Swap Between Bitcoin Cash and Komodo Is a Success". The Merkle. 2017.
  2. "What Is BarterDEX?". The Merkle. 2017.
  3. "Monaize Partners With Komodo, Launching Blockchain e-Banking Platform". Finance Magnates.
  4. "'Challenger Bank' Monaize Partners with Komodo Platform to Conduct First Ever-Decentralized ICO (dICO)". Coinspeaker.
  5. "Whitepaper" (PDF). Komodo Platform. Retrieved 2018-03-13.
  6. "Komodo KMD". Cryptgap: Cryptocurrency Reviews. Retrieved 2018-03-13.
  7. "Jumblr". Komodo platform service desk. Retrieved 2018-03-13.
  8. "Komodo Cryptocurrency: Everything Beginners Need to Know". Coinsutra. Retrieved 2018-03-13.

External links[edit | edit source]

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