Review on Komodo by Olugbenga Ajayi
Komodo cryptocurrency is innovative
Komodo project is a project with innovation and focus. The team behind it is ever active. They are either creating more solutions for the blockchain or improving development platform which developers can use to create standalone blockchain with it's ICO.
Komodo cryptocurrency has been existing since 2014 and have maintained a leading role in the cryptocurrency development since inception.
The main objective of the project is to provide high level annonymity and security of transactions. About annonymity, they achieve this by using a zero knowledge proofs which they inherited from zcashzcash where it was forked from. Its security architecture is built through the notarization of bitcoin blockchain so that all transactions on Komodo are backed up on Bitcoin blockchain.
The project is also the first to launch a decentralized exchange with Atomic swap.
Pros
- It offers the first decentralized exchange with Atomic swap capabilities
- On Komodo cryptocurrency, there is no vendor lock - in
- The project has an ever active and innovative team
- Holders of KMD earn regular interest on investment
- It is open source
- It provide first class rated annonymity and security
- Despite annonymity they are transparent
Cons
- No negative comment
