What is Komodo?
Komodo is an open-source,decentralized cryptocurrency that was created in September 2016 having evolved from Bitcoin Dark. What is different is that the underlying software was forked from Zcash. It is vital to note too that new cryptocurrency runs on the SuperNET platform, by utilizing SuperNET’s infrastructure and also its applications.
So how does this platform work? Well, it uses Komodo’s open-source cryptocurrency to perform fungible, private, anonymous, and transparent transactions. The transactions are then made ultra-secure by the use of Bitcoin’s blockchain through the Delayed Proof of Work (DPoW) protocol. The advantage for cryptocurrencies attached to Komodo over Bitcoin is the reward of lower transaction fees.
The returns to investors after its ICO has been high and it is poised to continue as the team is going to refine and strengthen their development and marketing efforts.
Release Date: Feb 6, 2017