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.
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