What Is Komodo (KMD)?

The Komodo project claims to focus on empowering users with blockchain technology. As mentioned in the whitepaper, Komodo can provide freedom in many forms, and the team is currently focusing on empowering two types of users: blockchain entrepreneurs and ordinary cryptocurrency traders. The platform’s community of entrepreneurs, traders, and other users together form an economic ecosystem.

A fundamental pillar of the Komodo ecosystem is security. Komodo offers a unique and innovative form of security that is as robust as the Bitcoin network but that comes without a high cost. Every member of the Komodo ecosystem can benefit from this security. The traders rely on it for everyday use. Entrepreneurs rely on it to protect their blockchain innovations, and even small businesses and startups can afford it.

Another powerful technology of Komodo is a new way to trade cryptocurrencies directly from one person to another. This is a new type of "Decentralized Exchange." The decentralized exchange of Komodo eliminates all forms of middlemen, vouchers, and escrow services. The platform relies on a fundamental concept called "atomic swaps", and the platform claims to be a leader in this technology.

Komodo aims to provide secure, scalable, interoperable, and adaptable business-friendly blockchain solutions. Komodo's current technology suite, the Antara Framework, provides tools for end-to-end blockchain development, including customizable, application-specific smart chains with a built-in library of modules and an open source for building blockchain-based applications API.

Komodo's platform also has strong privacy features built into it. When activated, these features allow traders to trade and purchase goods and services within their privacy rights. This also allows entrepreneurs to launch their products and crowdsource funding from audiences who may prefer to maintain this privacy.

History of Komodo (KMD): 

Milena Nikitovic is one of the co-founders of Komodo platform. The whitepaper of Komodo was written in the year 2017. The same was finally updated in July 2019.