What is Komodo?

Meredith Davis
Jun 27, 2018 · 2 min read

Like many forks, Komodo builds on the technology of the Bitcoin legacy system, taking the best of the original and improving it. With delayed proof of work (dPoW), once a transaction is verified, it is also recorded on the Bitcoin blockchain for an added layer of immutability and security. Users also have the option to choose transparent or anonymous transactions with the same level of fungibility and security. As a sweet little side benefit, all t-address users holding Komodo (KMD coins) also receive a 5% annual percentage rate until the maximum supply of 200 million KMD is reached.

Komodo is the blockchain industry leader in Atomic Swap technology, a super cool term that refers to a smart contract that enables the exchange of one cryptocurrency for another without using an exchange or other intermediary. Central to the Komodo program is a DIY package solution for developers and entrepreneurs, allowing them to crowdfund and launch their own democratized Initial Coin Offerings (dICOs). The company running the dICO can get on with the business of business, without having to worry about the technical aspects of security and guaranteed performance. Developers can also build and secure their own blockchain, providing the opportunity to develop without limitations, but with security and limitless scaling. This is democratization in progress.

AcreApp

Acre is the simplest all-in-one cryptocurrency investing platform. To learn more, visit www.getacre.io

Meredith Davis

Written by

GM of Enterprise at Cred

AcreApp

AcreApp

Acre is the simplest all-in-one cryptocurrency investing platform. To learn more, visit www.getacre.io

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