Trade KMD - KMD Markets, Exchanges, Broker
Silently and secretly, the Komodo Coin defies the current downtrend of almost all old coins and has done quite a good rally since then.
Since the beginning of April this year the price has risen from almost 0.15 Euro to 2.43 Euro. So if you had invested your capital in this coin in April, you would now have earned more than 15 times as much and thus a really strong plus. But what is behind this promising platform?
The Komodo Coin is the result of the ZCash Fork, which also uses a delayed proof-of-work consensus. What that means exactly, we'll clarify in the following report.
Komodo Platform and Komodo Coin
The following video explains briefly and concisely what the developed technology brings with it:
The Komodo platform is part of a larger project, the Supernet platform, which has been in existence since 2014 and has been under constant development ever since. The aim of this platform is to create an environment in which users can store and manage their capital on a self-chosen blockchain.
Here there will be a wallet which will make it possible to exchange different currencies directly against each other without having to go through another trading platform. It is then possible to exchange Komodo for Bitcoin, Ethereum, Monero or other Altcoins at very low fees.
Thus the way over an exchange stock exchange like changelly.com or shapeshift.io becomes redundant. The wallet is called Agama Wallet and is still under development, but will be available soon.
The Komodo Platform offers a complete blockchain kit for ICOs and crypto currencies. The new token will be fully compatible with the entire ecosystem and will continue to take over and support all developed functions.
This technology guarantees coin developers the introduction of a transparent coin offer, while the privacy of the investors is protected by Komodo's integrated data protection functions.
Privacy is based on the "ZCash Zero Knowledge Proof", which makes every transaction virtually untraceable and thus offers a particularly high level of security. Edward Snowden also mentioned in an interview that he considers ZCash to be the most secure crypto currency. At Bitcoin, every transaction can be tracked, so there is no anonymity.
Furthermore a new mechanism is used, which brings a lot of advantages and is a real unique selling point of the coin.
New consensus mechanism: Delayed proof-of-work
dICOs (Delayed Initial Coin Offersings) on the Komodo platform do not require high fees as each chain is an independent blockchain secured by dPoW (delayed Proof-of-Work), whereby all dICO transaction fees can be paid with the dICO coin.
This consensus mechanism relies on a delayed proof of work for which so-called notary nodes are necessary. These are network nodes that act as notaries (watchdogs), who are selected beforehand in free consultation with the Komodocoin owners.
These notes bring the information on the Komodo chain to the Bitcoin blockchain. Through this consensus protocol, the network is virtually immune to almost any type of attack.
As compensation, the operators of the notary nodes receive the fees incurred for the transaction as well as part of the reward paid for the creation of new blocks on the chain.
Delayed PoW is able to secure any kind of consensus. These third-party chains (blockchains) do not have to pay the Bitcoin transaction fees, but only the fees to the initial dPoW chain. This means that only the transaction fees incurred in the Komodo network are charged.
This system ensures that the wasted energy is also used to secure the dPoW blockchain and any third-party chains that use this consensus mechanism on transactions with the dPoW blockchain. Coupling the blockchain with Bitcoin creates an ecosystem where Bitcoin is the center of all currencies that dPoW uses. This means that there is a direct incentive for these crypto currencies to actively contribute to the development of the Bitcoin blockchain.
With the new dPoW consensus mechanism, everyone wins. Even the weakest blockchain can get the best security, while Bitcoin is rewarded with an even more important role in the entire crypto currency ecosystem.
Komodo Coin (KMD) ICO and Coin Distribution
There are currently 100 million Komodo Coins in circulation, of which 10 million will be retained for development, bounties and consultants. 90 million coins will be distributed to the participants of the current ICO. This ICO runs until 20.11.2017 and early investors receive a bonus of 25%.