您现在的位置是:An objective review of Komodo Platform >>正文
An objective review of Komodo Platform
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛8116人已围观
简介The Komodo Platform provides full-scale, end-to-end blockchain solutions for developers of different...
The Komodo Platform provides full-scale, end-to-end blockchain solutions for developers of different industries and levels. It offers customized, configurable blockchain solutions that are easy to deploy.
Komodo’s goal is to build a complete ecosystem consisting of various partnerships.
How it works
Komodo has a blockchain with autonomous infrastructure, achieved by means of parallel chains. These chains create a separate Komodo blockchain copy. The dPoW consensus mechanism secures new parallel chains.
Developers on Komodo don’t build on the blockchain itself. Rather, they create their own autonomous blockchains. They are neither sidechains nor forks.
Coins that use KSCs include Pirate Chain (ARRR) VerusCoin (VRSC), and Gleec (GLEEC), among others.
Komodo has built AtomicDEX — a non-custodial wallet, cross-chain bridge, and cross-chain decentralized exchange rolled into one application. Users can hold and trade BTC, ETH and ERC-20 tokens, BNB and BEP-20 tokens, Polygon and PLG-20 tokens, KMD, and other cryptocurrencies from dozens of blockchain protocols.
Key features
Komodo’s most important features are related to security, scalability, adaptability, and interoperability.
Security
Komodo’s security stands out through the use of the dPoW consensus mechanism. The mechanism offers 51% attack security to all projects and blockchains associated with Komodo.
Adaptability
As one of the best-known open-source projects, Komodo is well-recognized for its features and innovations. Komodo-based projects are equipped with the ability to create custom solutions depending on the different situations and needs.
Scalability
Komodo lets each project have a dedicated blockchain and infrastructure, unlike other enterprise solutions. Komodo network projects can scale at any time, and blockchains can be added to improve performance as needed.
Interoperability
AtomicDEX uses atomic swap technology, which enables peer-to-peer crypto trades across various blockchain protocols. For example, users can trade Bitcoin, Litecoin, Dogecoin, and other UTXO-based projects with EVM-based projects like Ethereum, Polygon, and Avalanche. AtomicDEX doesn’t use centralized liquidity pools or complex smart contracts, which makes it a more secure solution for interoperability.
Extensive development activity
Komodo has been very active in pushing code to its base repository. It has tens of repositories, all of which are quite dynamic. The ecosystem ranked 12th on Coincodecap in terms of overall coding activity.
Pros
· Scores well on scalability, adaptability, and interoperability
· Extensive development activity
Why should you pay attention to Komodo?
One reason is that security is top-notch. At the time of writing, Komodo was preparing for an external security review for AtomicDEX. They will be creating an architecture diagram and an SRS document, updating and refactoring dependencies, and doing an internal security code review so auditors can access the code.
Recently, Komodo optimized the blockchain node call amounts and added an infrastructure enhancement microservice. They are in the process of integrating QuickNode blockchain nodes into AtomicDEX. They created a microservice layer to be able to complete the integration.
Komodo offers convenience to its users by providing the option to collect fiat price information in the AtomicDEX API database. This way, traders can calculate fiat prices retroactively, if needed.
Another advantage is the Komodo cryptocurrency (KMD) itself, which can be used to mediate transactions with tokens that don’t have a direct pair on BarterDEX and to enable instant zero-confirmation exchanges on Komodo DEX.
If you have 10 KMD or more in a supported non-custodial wallet (i.e. AtomicDEX or Ledger), you can earn up to 5.1% annual rewards as an active user.
What makes it stand out?
Komodo’s dPoW consensus algorithm increases network security by using Litecoin’s hash power for cross-chain notarizations. Litecoin has one of the highest hash power of all blockchain networks, rendering it practically impervious to hijacking.
The bottom line
Komodo has a vast and extensive library and a reliable, solid team and community. They publish updates in real time and provide transparent yearly and quarterly reviews. They are an excellent choice of blockchain solution for experienced developers.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/894873.html
相关文章
Decentralized Science and its benefits to human progress
An objective review of Komodo PlatformDecentralized Science (DeSci), much like decentralized finance (DeFi), is a recent development in th...
阅读更多
Bitget announces listing of TonUP on Launchpad
An objective review of Komodo PlatformVictoria, Seychelles, December 15th, 2023, ChainwireBitget, the world’s leading cryptocurrency...
阅读更多
Binance CEO says he's ready to support Terra (LUNA) rebuild
An objective review of Komodo PlatformBinance CEO Changpeng ‘CZ’ Zhao says the leading cryptocurrency is ready to support Terr...
阅读更多
热门文章
- South Korea Stalls Approval For NFT Token
- SafeMoon files for bankruptcy amid legal woes and executives arrest
- Global Marketing Head At Coinbase Exits The Company
- Crypto drops, NuggetRush Resilient raises over $1.6 million
- Wrapped Bitcoin Posts A Meteoric Rise Of 900%
- Uniswap token escapes consolidation zone with a chance to ride up to $8.0
最新文章
Bitcoin (BTC) Surpasses $43,000; InQubeta (QUBE) Mainstream Buzz Intensifies
DCG settles Genesis Debt, Memeinator's token presale takes centre stage
2024 may be a year of memecoins as this presale cruises past $2M
Bitfinex Securities announces $5M tokenized bond on Liquid Network
Binance fined by Dutch central bank over illegal services
RNDR Token Price is on the Cusp of a 35% Breakout