About Komodo (KMD)
Komodo is a decentralized, open-source blockchain platform that enables developers complete transactions anonymously. The $KMD coin powers the Komodo platform.
Komodo states that it derives its security from its Delayed Proof-of-Work (dPoW) consensus mechanism. Komodo was the first network dPoW, a hybrid consensus algorithm that allows one blockchain to use the protection provided by a secondary blockchain's hashing power. Komodo uses a group of 64 elected notary nodes that add data from Komodo to the Bitcoin blockchain to perform a special block hash mined on the Komodo blockchain and record the overall "height" of the Komodo blockchain. Because of this mechanism, an attack on the KMD blockchain would necessitate simultaneously overcoming both the Bitcoin and Komodo chains.
One of Komodo's flagship applications is its AtomicDEX, a cryptocurrency wallet with a built-in atomic swap decentralized exchange in a single application. Users can store digital assets and conduct alleged low-cost cross-chain transactions without an intermediary.
Komodo is partnered with SmartFi, NEM, Tokel, and other notable organizations. The live price of Komodo is updated and available on Binance in real-time.