Welcome to the very first edition of altview.
KOMODO
Today I gonna review about Komodo,the reason I chose the coin to discuss is bcoz I rolled the dice😂 and got komodo. Jokes aside let's jump in to it.
Komodo is pretty vast project so I break the komodo into 4 different parts
Zcash😎
Yes we have to talk about zero protocol first as komodo got it's backbone from the zero protocol.
As we know in traditional Bitcoin transaction is stored in a distributed ledger form and it's nearly unhackable but anyone with tech savvy brain can Trace back transaction and reach to you
So in zero protocol which creates zcash initially which is a privacy coin
So in a privacy coin your transaction can't be traced back and that's what truly decentralized coin can do so does komodo which inherit the capability of zcash.
Here's how it up against other privacy coins
delayed proof of work (dPoW)🙂
It is the second layer of mechanism for a unhackable system (just like other blockchain) but with a catch it don't use any hash power like Bitcoin instead it uses the hash power of Bitcoin block chain to authenticate it's work and in future it can shift chain according to the dominant block chain.
Decentralized initial coin offerings (dico)😋
It's the key highlighting feature of komodo. Just like any other crypto protocol you can make a dapps/icos in the blockchain but there the similarity ends. Komodo provides a independent block chain to every new projects meaning there is no more congestion like ethereum network in komodo platform as every project have it's own blockchain. Further during ico period investor can contribute to the project through any crypto they like😈. That will save so much time and effort.
Barterdex 😍
It's a truly decentralized exchange which runs on atomic swaps. Atomic swaps are gonna be the next big thing in crypto. As today the centralized exchange are getting raided and controlled by the government. With increasing regulation truly decentralized exchange is much needed thing.
a strong roadmap
Some key facts :-
- agama wallet :- multi wallet with a 5% of staking reward
- komodo platform and team have mastered the atomic swaps which is pretty big deal as of today roughly 68000 swaps completed.
- first dicos launch is within 1/2 months.So its price going up for sure.
Lastly should you invest in that's your decision buddy😉.
White paper:- it's here
Website:- I don't wanna give that
Where to buy:- binance