Komodo is a decentralized cryptocurrency based on an open source blockchain model, launched in September 2016. The platform is forked from Zcash – a cryptocurrency that allows users to remain anonymous while making transactions.
The Komodo algorithm makes transactions easy, highly secure and anonymous. For this, the platform uses a Delayed Proof of Work (dPoW) model.. Remember that all transactions are subject to low fees.
How does the Komodo platform work?
The Komodo platform successfully combines three terms: Zcash, Proof of Work and SuperNET. To see what’s behind the network, let’s briefly describe the importance of terminology in the Komodo algorithm.
Zcash is a cryptocurrency that works with the protocol Zero Knowledge Proof. This means that all your personal information – including your private address, transaction amounts and other amounts – remains private and anonymous to other traders.
The Delayed Proof of Work protocol has become more advanced as Komodo’s team has taken it to the next level. This protocol provides a stronger security thanks to the two-layer protection that has been incorporated into the trading system.
SuperNET is a model of developing features on the platform Nxt’s cryptocurrency. This allows users to operate with transactions between centralized and decentralized platforms, considering security as an important factor. Komodo cryptocurrency has become the official digital currency of the SuperNET project.
How can you buy KMD?
You can buy Komodo from the following trading platforms:
Remember that buying KMD is even simpler when trading altcoins like Bitcoin, Ethereum or Litecoin.
You can keep safe Where are your tokens?
You can choose to keep your tokens with one of the following three wallets. DThe first is the Ledger Nano S and it is probably the safest wallet for your KMD tokens, as it keeps your private keys strongly secured.
The second option is the Komodo paper wallet. The last is called the Komodo Swing wallet and is the official Komodo wallet. The developers recommend choosing this one, because it will give you the necessary benefits you are looking for. The wallet is available on Linux, Mac and Windows operating systems.
Advantages of the Komodo . platform
- Strong security due to its correlation with Zcash, Delayed Proof of Work and SuperNET protocols;
- As a decentralized and open source blockchain platform;
- Transactions are highly secure and anonymous;
- The platform uses a more advanced technology than the Zcash or Nxt blockchain-based networks;
- You can choose between 3 wallets to keep your tokens safe.
Disadvantages of Komodo . Platform
- It is very difficult to buy Komodo tokens with fiat currencies.
Komodo has developed a revolutionary cutting edge technology. It is based on three main factors to provide what users are looking for: Zcash, Delayed Proof of Work and SuperNET protocols and it will definitely grow more in the future.
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