Komodo KMD current price is $0.2148 with a marketcap of $29.02 M. Its price is 3.41% up in last 24 hours.
Komodo is an end-to-end blockchain infrastructure solutions provider. Consistently recognized as one of the world’s most innovative blockchain projects, Komodo is developing technologies at the cutting-edge of the blockchain industry.In reality, most blockchain platforms today are but a single blockchain that offers support for smart contracts and decentralized applications. This model forces all projects to share the same infrastructure, leading to congestion, increased transactions fees, and stifled growth.Whereas other blockchain platforms employ a single, shared-blockchain model, Komodo’s federated multi-chain architecture provides each and every external project with independent infrastructure and a dedicated blockchain.This multi-chain design is what makes Komodo unique among blockchain platforms. Each project is given the opportunity to create their own blockchain ecosystem via Komodo’s infinitely scalable infrastructure.Komodo’s tech enables seamless cross-chain interoperability among all federated blockchains. Every blockchain built with Komodo is also connected to 95% of chains outside the federation via atomic swap technology. Future plans are in place for blockchain bridging support, which will create cross-chain fungibility throughout the entire blockchains industry.Moreover, with Komodo’s architecture, multiple blockchains can sync up and function as a single chain. If one chain is not meeting performance needs, additional chains can be added to form a blockchain cluster. A blockchain cluster boosts performance linearly without inflating coin supply or devaluing the currency.The Komodo ecosystem is not only scalable and interoperable, it’s also secured with the power of the Bitcoin network. This is accomplished with a series of cross-chain notarizations that store a blockhash onto the Bitcoin ledger every ten minutes, providing protection from 51% attacks.Join Komodo as we continue to accelerate the global adoption of blockchain technology.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.