KomodoCoin:
Defined in CryptoCurrency
Komodo(KMD) is a cryptocurrency project that focuses on providing anonymity through zero knowledge proofs and security through a novel Delayed Proof of Work (dPoW) protocol.
Description
Komodo is a new standard for cryptocurrency security and anonymity. Protected by Zcash Zero Knowledger proofs, users can make 100% untraceable transactions.
The SuperNET team has also developed a hand full of individual tools that will stand together with Komodo to form a complete ecosystem with advanced functionalities like decentralized trading and mixing. Based on bitcoin dark and Zcash principles.
A new mining algorithm, dPoW (delayed proof-of-work), uses bitcoin network hash power- Anonymous team, but the main developer is well-kinown in the community and has frequently worked with the Super.NET project.
Komodo holders receive 5% annual percentage rate (APR) revenue. Every KMD holder will receive it, and it is indeed automatic as there are no settings to turn on, no modes to activate or no passwords to unlock. The 5% APR will remain until the max supply of 200M KMD is reached. Only T-address balances will get the APR.
The Komodo Platform was forked from Zcash by the SuperNET team and it is the evolution of the BitcoinDark cryptocurrency.
The KomodoCoin blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions.
They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol. Komodo presents its decentralized (ICO) platform (dICO).
This technology guarantees coin developers a transparent coin offering while maintaining investor privacy through Komodo’s built-in privacy features.
For the first time in crypto history it’s possible to issue and distribute native cryptocurrencies without a trusted third party.
So a dICO doesn’t differentiate from other ICOs by decentralization only, it also needs Komodo Platform’s Jumblr technology to guarantee complete privacy for all ICO parties.
Knowing that dICO is on a Komodo Platform don’t require high fees as each asset chain is an independent blockchain secured by dPoW, enabling all dICO transaction fees to be paid with the dICO coin.
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