Review on Komodo by francis fernandez
Komodo: Enjoy the privacy, flexibility and interactivity of the blockchain
Komodo is a blockchain protocol that hit the market in October 2016 with a maximum issuance of 200 million coins.
This platform uses its native currency KMD to carry out anonymous, confidential and transparent transactions.
Beyond being a payment platform; Komodo constitutes a digital ecosystem that uses the KMD cryptocurrency, which is also the token of the SuperNet network.
Komodo's mission is to be a convergence platform for the creation of multiple decentralized applications from its main chain and through the implementation of collateral chains.
Due to its multifunctionality, Komodo offers great advantages:
* Allows you to store assets through the use of smart contracts in asset chains (assetchains).
* Allows users and developers to design cryptocurrency projects and decentralized applications based on their blockchain. It even makes it easy to launch ICOs.
* Allows you to exchange crypto assets using your DEX Exchange BarterDEX application without third party mediation, through the atomic swaps system.
* It makes available to its users a multiwallet wallet that supports a variety of digital currencies in addition to its native currency.
* It uses a Delayed Proof Of Work algorithm that provides security to its platform and privacy to the commercial operations of users.
MIneria Beam:
As for KDM coin mining, half of the maximum coin issue is available for mining; that is, the remaining 100 million that remained after launching through an ICO in 2016.
Pros
- It is a tool for the development of other decentralized applications starting from its main blockchain.
- Offers the possibility of carrying out exchanges of multiple cryptocurrencies.
- It has its own wallet and exchange house within its ecosystem.
- Offers the possibility of maintaining the privacy of your operations
Cons
- Mining is limited to 100 million coins.
