Monaize as a strategic partner
The first platform to use the KMD cryptocurrency will be Monaize, the 100% mobile e-banking platform. The first ICO will be launched by the end of this year.
The roadmap between the two partners will be very similar to that of Ethereum, the development of the platform, mobile wallets, the development of dApps and a new type of interface.
Cryptocurrency exchange via Atomic Swap
Komodo will use this new type of exchange between different currencies (cross-chain)
You have to know that Atomic Swaps allow you to exchange two virtual coins with the blockchain, without the use of exchanges
It’s a fast cryptocurrency exchange, without commissions, and above all it’s safe thanks to the use of HTLCs (Hash time-locked contracts )
Komodo and the dPOW protocol
Komodo’s platform has as its first objective to ensure transactions between individuals which will be transparent, and will guarantee privacy.
Security is guaranteed by the Bitcoin blockchain through the “delayed” dPOW (Delayed Proof of Work) protocol.
For the first time, Komodo will allow to issue then distribute native cryptocurrencies without a trusted third party
It will also be possible to mine currency with few hardware resources.
The Zcash team and Komodo
You have to know that the Komodo platform is based on the one developed by the Zcash team, it in fact has implemented the Zero Knowledge Proofs technology.
ZKP is a technology that allows 100% transparent and private blockchain transactions, in fact no one can know who is the sender, the recipient and the amount of the transaction.
Miners can still verify the correctness and the uniqueness of every single transaction, KMD is therefore a cryptocurrency that protects privacy, and at the same time it’s usable by anyone.
the Komodo platform is of the dICO type, it differs from normal ICOs because:
- It uses Komodo Platform’s Jumblr technology to ensure privacy
- It does not have high commissions, as each asset chain is an independent blockchain
- It’s protected by the dPoW protocol
- All transaction fees are paid with dICO coin
KMC cryptocurrency holders will automatically receive 5% interest each year, up to a limit in the wallet of 200 million tokens
The KMD coin will rapidly expand thanks to the strategic banking partner, Monaize.
Future entrepreneurs who will invest in the Komodo platform, will receive an entire blockchain package, and they will be able to realize a decentralized crowdfund and act as an independent blockchain.
What are the strengths of Komodo?
The revolutionary dPOW of Komodo provides a great security, creating data backups in your blockchain, annotating them simultaneously in that Bitcoin.
Simplicity and Support
The KMD platform is easy to use, and it also offers support and service for developers or partners.
How can I have a KMD wallet?
It’s really easy, just follow these 3 little steps
- Download the latest version of Agama from the website
- Double-click on the installer
- Follow the instructions
This post is also available in: Italian