Review on Komodo by Mehdi hazni
KMD
The first thing I came across in my research on KMD was that it uses the Delayed Proof of Work protocol, and I had never seen this protocol on another network (perhaps I had not seen many currencies).
One of the most important things KMD executives have done is improve privacy. It also actually improves Atomic Swap.
If you do not know about atomic swap, I must say that they are exchanges that allow you to exchange different currencies with each other without the need for a third party (for example, centralized exchange), and it is very good that KMD has improved it.
Currency Price Analysis: In the daily and btc pair, it seems to be in the range between 5000 Satoshi and 9000 Satoshi. (In the chart below, I have specified the range)
On the other hand, it seems that in this time frame, he might want to form a Head and shoulders pattern. If this pattern is formed, it can be dropped to 1300 Satoshi. So at the moment I do not think it is suitable for investment.
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Pros
- Take advantage of the powerful bitcoin network and equihash algorithm with privacy improvements
Cons
- At the moment, its price is not suitable for investment
