Two of the topics that are often spoken about in regards to crypto are privacy and security. Many are seeking both when they come into crypto and even more are unaware of which projects can actually provide those two features to them. Today we’re going to be looking at Komodo a platform that offers just that privacy, security, and also decentralization. First I’ll be jumping into a brief summary of what the Komodo project is really all about followed by its features, and wrapping up with information regarding its roadmap and price.

What is Komodo

Komodo is a platform that can be used to launch other independent blockchains. Those blockchains themselves can be crowdfunded using the Komodo platform and the KMD coin. In most cases, crowdfunding an dICO with the use of KMD will result in the bonuses for that user.

The dICO

I didn’t have a typo in that last sentence, on the Komodo platform there are dICOs not ICOs. The “d” stands for decentralized and its put in to ensure the security of the ICO and to protect its users. As Komodo explains typical ICOs are all executed on one node and then have their funds sitting in escrow until the completion of the ICO. That situation can present many opportunities for theft or loss of funds.

With the dICO process the coins submitted for the ICO are scattered across multiple nodes using as many as chosen by the dICO administrator. In addition, with the coins being allocated to multiple nodes, the creator can release the coins at a customized rate. KMD uses the example of 45% at the start followed by 15% in the days following and so on. With that process someone looking to accumulate a massive amount of coins would need to do considerable more work to garner a huge position.

A last point of the dICO is specific to Komodo thanks to their blockchain. The transaction in the Komodo dICOs are instantaneous and those transactions also have the option of being private thanks to Jumblr and zk-snarks.

Independent Blockchains and DEX Listings

For a dICO on Komodo it’s going to be given its own parallel chain to run off of. What that essentially means is a new project is given its own blockchain that runs off of Komodo tech. The advantage here is of course that its not running on the Komodo chain but in one built off the same tech. That feature is made possible thanks to Komodo’s delayed Proof of Work (dPoW) notarization feature that is discussed below. The issue of ICOs and congestion on other ICO launching blockchains, namely Ethereum, has been spoken about frequently since the crypto kitty incident and Komodo has a solution already in place.

On top of not having to worry about network congestion, ICOs launched on Komodo don’t have to fret about exchange listings too much either. All tokens launched via Komodo are automatically integrated into the Komodo BarterDEX, a decentralized exchange. What that does for tokens is provides them with liquidity so their able to be traded immediately. With typical exchanges projects have to jump through a lot of hoops to become listed which eats up a lot of time and can present projects with issues after completing their ICO.

dPoW

Komodo makes use of what they call delayed Proof of Work. This consensus mechanism adds security to the Komodo blockchain and enables it to have some nifty features like the one explained previously. What happens is the blockchain uses a notarization process to create a backup of itself and saves into onto the Bitcoin blockchain. That process occurs around every 10 minutes or so.

The advantage of this process is that if the Komodo blockchain itself were attacked. Komodo could rollback its blockchain to a previous “save” that is located on a blockchain that is large enough to withstand an attack. That is why Bitcoin is chosen as the holder of the backup. If in the future a different coin were to become the new king of hashrate then Komodo could simply switch blockchains its notarizing to.

The KMD Coin

KMD is necessary to interact with many of the features that are taking place on the Komodo blockchain as well as imparts several advantages to the holder. The first of these advantages is interest. When holding KMD in a wallet (not on an exchange) holders receive a 5% annual award. At minimum a holder must have 10 KMD to receive an award and this process can be thought of as similar to proof of stake except that your wallet does not need to be online to accrue the award. This process is hybrid zero footprint proof of stake that only requires the private key of the wallet to claim the reward.

KMD itself is necessary for the blockchain in a lot of ways. The first of which is that KMD is required to use Jumblr which is a privatization process for transactions that is built into Komodo. This process makes use of zk-snarks and atomic swaps. A brief description may be found here. That feature as well as many others make payouts in KMD and fees for those are also calculated in KMD so KMD is needed at all times and in demand. Additionally, there are the advantages to holders for any dICO that Komodo launches including airdrops to KMD holders.

Outlook

An aspect of Komodo that I like is there separated Technical and Marketing roadmap. Most projects choose to place all of these milestones on one document which is still fine, but a great deal of projects don’t go into much detail in regards to marketing. “New exchange” is a nice goal but in the end it doesn’t really mean anything for many projects. Getting listed on memecoins.ru isn’t an accomplishment (for the record I would definitely use an exchange called memecoins).

The technical roadmap for Komodo has a couple of milestones left for 2018 with its BarterDEX GUI 2.0 update along with other implementations of its DEX. Those other implementations are the possibility of a native mobile DEX as well as a web based DEX. For those milestones the team is looking to see if those projects can be accomplished.

The marketing roadmap is laid out in a much different format than the technical one. For marketing Komodo has a full presentation that shows where the team is and how the team is looking to expand in various areas including branding, content, and the team itself. The roadmap shown in the presentation is for a complete brand overhaul that was scheduled to be completed at the end of Q2 2018 with a new website launch.

Price

KMD is currently traded at a price of $1.43 or 18,451 Sats. The circulating supply of the coin is 108 million and given those numbers the market cap of the project sits at $155 million. 24 hour volume for the coin across exchanges was $493K.

Exchanges

As far as exchanges go KMD is traded across eight exchanges in total with the vast majority of volume coming from three of them. Those three exchanges are Binance, Upbit, and Bittrex in descending order of volume. Binance is once again at the top spot with 39.5% daily volume on its BTC pairing. Upbit is second with 25% daily volume on its KRW pairing and Bittrex is third with 18.9% daily volume on its BTC pairing. Another exchange to check out is Komodo’s own BarterDEX.

Binance — https://www.binance.com/

Upbit — https://upbit.com/

Bittrex — https://bittrex.com/

BarterDEX — https://komodoplatform.com/decentralized-exchange/

Community

To learn more about the Komodo project please see the following links.

Website — https://komodoplatform.com/

ANN — https://bitcointalk.org/index.php?topic=1605144.0

Reddit — https://www.reddit.com/r/komodoplatform/

Twitter — https://twitter.com/KomodoPlatform

Conclusion

Komodo is a project that hopes to serve the crypto community with decentralization, privacy and security. It already has the structure to do all of that thanks to Jumblr, dPoW, and its dICO processes and is currently looking to expand its DEX and refine its market to reach a larger audience. I particularly enjoy Jumblr and dPoW and will be curious to see how those features evolve in the greater cryptocurrency space.

Thank you for reading today’s article! I have one other article being released this week which will be covering Mainframe or $mft and it will be out on Thursday! As always follow me on here or on Twitter @thant1194 or on InvestFeed @thant11 in order to stay up to date on all my articles as I release them. I am not associated with the Komodo project and am a holder of their coin. Thank you again for reading. I have to return some video tapes.

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