Komodo
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Information about Komodo (KMD)
Komodo is a multi-chain structured smart-chain platform launched in 2016. This project focuses on providing user-friendly, secure, and easily customizable blockchain solutions for businesses. Due to an open-source algorithm and the Delayed Proof of Work (dPoW) protocol, transactions on the system are guaranteed to be private and anonymous but still transparent. In addition, Komodo helps solve some problems with gas fees, transaction throughput, and network scalability.
Most of Komodo’s development and operations team members are anonymous, with JL777 as their leader. JL777 previously worked with NXT Coin and was highly appreciated by the blockchain community. In addition, the project’s advisory board includes Michael J. Toutonghi (former Vice President of Microsoft) and Sajib Datta (Ph.D. in Computer Science).
KMD is a native token of the Komodo ecosystem, operating on Komodo Blockchain and can be used to:
- Pay for some financial services
- Join ICO programs
- Stake and earn rewards
- Pay transactions fee
- Pay for operating and interactive projects in the network
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