Komodo is a cryptocurrency created on Komodo blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized.Komodo was created from the Zcash hard-fork. Komodo was mainly created to safeguard users account from hacking.
Komodo transaction
Komodo transaction takes place on the Komodo blockchain Explorer based on Komodo blocks height and timestamp. To view how Komodo transaction takes place on the Komodo blockchain explorer, simply follow the link below;
Date Launched
Komodo was first released to the public in 2016 with the main objective of securing users account.
Founder Of Komodo
Komodo came to be from the Zcash hard-fork. Since it was created from the Zcash hard-fork, it therefore follows that the team behind it is from Zcash. One of the creator annonymity called himself as JL777.
Process of creating Komodo
Komodo is created through the mining process by aid of GPU and CPU in the presence of internet and electricity using the equihash mining algorithm.To mine using CPU and GPU, you have to download the software .You can either choose to mine as a solo miner which is very slow thus few reward or can choose to join pool mining where you share your computing power with other miner. Pool mining will increase the speed of mining thus more reward.
Maximum circulation of Komodo
The maximum supply of Komodo to the komodo blockchain is expected to be 200,000,000 upon completion of its mining process
Komodo Price
Currently, 1 Komodo is worth more than $1.3 and its price is expected to increase over the next period of time. Komodo is being abbreviated as KMD.
Converting my Komodo to other cryptocurrencies
To convert your Komodo to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Komodo to bitcoin
https://www.binance.com/?ref=10776203
Storing my Komodo
To store your Komodo, you need a Komodo wallet or other supported cryptocurrency wallets.You can use , coinpayment or other supported Komodo wallets. For the safety of your Komodo, you can use offline Komodo wallet like Komodo paper wallet or you can download Komodoocean QT wallet
Transferring my Komodo to other Users
If you want to transfer your Komodo to another user, the two of you must have trust on each other. The trust should be the Komodo address provided for the receiver while the sender must have the Komodo balance in their account to send to the receiver .For the sender, a blank space to insert receiver address and another blank space to insert amount to send to receiver is indicated .Here is how it looks like;
Knowing more About Komodo
If you feel that you need to learn more about Komodo, then you can follow them on their site. Here is the link redirecting you to Komodo site https://komodoplatform.com/
Now that you know, i think that it is time for you to start owning some Komodo if you feel it is a promising future project for you. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my Komodo address ;
RBdLDxnhpjHw6WTPveQpfQCoRDuoRrNJBc
