A fab news for the client and supporters of CoinPayment. Komodo [KMD] is a platform that aims to design the cryptocurrency ecosystem. CoinPayment is proud to add Komodo [KMD], a payment processing unit for making the transaction process more easy and transparent.
With KMD the transaction can be made easily through any of the existing plugins and integration available on the system allowing the businesses to commence the open-source cryptocurrency. This will comparatively make the settlement accountable, transparent, private and fungible transactions.
In addition, the KMD settlements are made ultra-secure via Bitcoin through a ‘Delayed Proof of Work (dPoW)’ mechanism.
The experts of Komodo has come up with an advance decentralized trading backed by the incredible idea of having atomic swaps and that is the only reason that makes it unique from other traditional cryptocurrencies.
If we look at the other decentralized cryptocurrencies they utilize the concept of proxy coins or clubbed assets to encourage the trading but KMD has the potential to surpass those chores via atomic swaps.
In toto Komodo supply around 200 million tokens out of which 100 million of them were allocated in the ICO or were pre-mined. Among 100 million, 10 million were stored for the coming developments and for advertising Komodo platform and 90 million were distributed among the developers or the investors.
While, the left 100 million tokens are still being mined through the proof-of-work- method. The sources have confirmed that within 14 years almost 200 million hard caps is ascertained to reach across the world. Among which the Komodo owner who addresses commence with ‘R’ will attain 5% of annual percentage rate (APR) as treat or bonus on the holdings till they reach 200 million supply.
This Komody Security Services (dPoW) have the potential to power the independent blockchain and further locate its background in the Bitcoin network.
The interesting part is that each confirmation of the Bitcoin network is the assurance of the whole Komodo ecosystem that intends to protect the customers from all sources of attacks vis incredible support of the Bitcoin network.
From the cryptocurrency investor point of view, it can be said that Komodo has given remarkable goals to its investors since the ICO and hope this return is to grow with time by possing innovative developments and marketing strategies.