Last updated 28/11/2022
Official Website: https://komodoplatform.com/en/
For developers and businesses, Komodo is an open-source technology supplier that provides all-in-one blockchain solutions. Komodo develops tools that anybody may use to construct their own independent blockchains, cross-protocol financial applications, and branded decentralised exchanges. AtomicDEX, a non-custodial multi-coin wallet, bridge, and DEX all in one app, is the project's main end-user application. Of all decentralised exchanges, AtomicDEX has the broadest cross-chain, cross-protocol trading capabilities and is compatible with 95% of the cryptocurrencies in existence, including Bitcoin (BTC) protocol based coins, Ethereum (ETH) and Ethereum-based ERC20 tokens.
Security is the main tenet of the Komodo ecology. Komodo offers a distinctive and cutting-edge method of security that is just as effective as the Bitcoin network but does not come at the exorbitant price. The advantages of this security are enjoyed by every member of the Komodo ecosystem. It is a daily necessity for the investor. At a price that is affordable for even small businesses and startups, the entrepreneur relies on it to protect their blockchain innovation.
AtomicDEX, a decentralised exchange operated by Komodo, enables cryptocurrency trading without the risk of dealing with a third party. A peer-to-peer network is used for the order-matching component to create public orderbooks, and an atomic cross-chain protocol, also known as an "atomic swap," is used for trade clearing.
Delayed Proof of Work (dPoW), the leading 51% attack security network, was invented by Komodo. Over 30 production blockchains are currently secured by dPoW, which is supported by a network of notary nodes and powered by Litecoin cross-notarizations.
The Komodo ecosystem uses $KMD tokens as its community currency for scalable, quick, affordable, and secure transactions. Usually, 0.00001 KMD is enough to confirm a transaction in a matter of seconds.
One option to store Komodo (KMD) tokens securely is using the official Komodo Platform wallet called AtomicDEX. One wallet that is a multi-coin wallet, bridge, and DEX.
If you are looking for hardware solutions to keep your $KMD tokens secure and offline, we recommend the leading hardware providers Trezor and Ledger.
Other wallet alternatives include:
Block Explorer: https://kmdexplorer.io/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.