Komodo (KMD) — is a cryptocurrency and blockchain platform that was launched in 2016 This year, it was a fork of Bitcoin. It is designed for creating decentralized applications (dApps) and smart contracts based on the blockchain.
Komodo’s main advantage is its “AtomicDEX” technology, which enables secure exchange between different cryptocurrencies without the involvement of intermediaries. In addition, by using the “delayed Proof of Work” (dPoW) mechanism, Komodo ensures a high level of security for its network, making it resistant to 51% attacks.
KMD is also used to pay transaction fees on the Komodo network, as well as as a reward for mining new blocks. In addition, your own tokens can be created based on the Komodo blockchain and ICOs can be held.
Useful links:
The information on this site is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended to conduct your own research (DYOR) before making investment decisions. Read the editorial policy at https://happycoin.news/about/