In a live hangout with
@ PTY X
@ K.C. Gonzalez
@ The Blockchainers
PTYX gives a good rundown on Komodos advanced inclusive decentralized networking structure
here some excerpts from the Whitepaper
The Komodo project focuses on empowering users with Freedom through blockchain technology.
The foundational pillar of the Komodo ecosystem is security. Komodo provides a unique and innovative form of security that is as strong as the Bitcoin network, yet does not require the incredible cost. Every member of the Komodo ecosystem receives the benefits of this security. The investor relies on it for everyday use. The entrepreneur relies on it to protect their blockchain innovation at a cost that is affordable even to small businesses and startups.
Another of Komodo’s powerful technologies is a new method of trading cryptocurrencies directly from one person to another. It is a new kind of “decentralized exchange.” Our decentralized exchange removes all forms of middlemen, vouchers, and escrow services. It relies on an underlying concept called the “atomic swap,” and we are the leaders in this technology. Our atomic-swap powered decentralized exchange serves both the investor and the blockchain entrepreneur.
For the investor, they can trade cryptocurrencies without having to pass through a centralized exchange, which can be an arduous and even dangerous process. They also do not have to use an escrow service, voucher, nor even an intermediary coin—not even Bitcoin. Furthermore, there is no registration process required, nor are there any withdrawal limits. We currently feature approximately one hundred blockchain coins for trading, and we are prepared to scale into the thousands.
For the entrepreneur, our decentralized exchange enables the release of new products to the world without middleman involvement. Furthermore, even entrepreneurs who have previously built other blockchain projects outside our ecosystem can easily feature their coin on our decentralized exchange. The only requirement is that the blockchain product have the proper security elements in the core of the blockchain’s code.
Komodo also has powerful privacy features built into our platform. This allows the investor to trade and purchase goods and services within their right to privacy. It also allows the entrepreneur to release their product, and to crowdsource funds, from an audience that may prefer to maintain their privacy
BarterDEX: A Complete Solution
We now present a fully functional, new decentralized technology that makes a competitive decentralized exchange possible. We call our technology BarterDEX, and it allows people to freely and safely exchange cryptocurrency coins from one person to another.
The BarterDEX decentralized exchange creates a competitive method for bartering cryptocurrencies, combining three key components: order matching, trade clearing, and liquidity provision. These components are combined into a single integrated system that allows users to make a request to trade their coins, find a suitable trading partner, and complete the trade using an atomic cross-chain protocol.
Additionally, BarterDEX provides a layer of privacy during the order-matching process, enabling two nodes to perform a peer-to-peer atomic swap without any direct IP contact.
the Video was first published on youtube by The Blockchainers