We Look At Komodo And Its Massive Gains Over The Last Month

We Look At Komodo And Its Massive Gains Over The Last Month

By Sapphire | Sapphire Crypto | 15 Apr 2020


The Birth Of Komodo

Komodo was actually created as a fork of Zcash and focuses on security and privacy designed to serve blockchain entrepreneurs . Many readers will know that I am not a fan of forked projects, the main reason being that I view it as piggybacking on the power of the original brand. However, Komodo is different!

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The only relation to Zcash is the shared open-source code. Komodo does not leverage the Zcash brand in any way, unlike Bitcoin hard forks which are quite clearly hijacking the brand. Why did Bitcoin Cash not name the project B-Cash?

Simple, nobody will hear the name Bitcoin and that is the main objective. They wish to create a second "Bitcoin wave", not a unique project with unique benefits to Bitcoin. All my opinion of course, you can form whatever view you like.

Advanced Blockchain Platform

Built on top of a composable, multi-chain infrastructure, the Komodo Antara Framework gives every project a fully customizable smart chain. Smart chains that can support contracts, apps as well as games. Smart Chains provide the resource pool from which all blockchain-based apps and other expressions extract.

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In the event that a project experiences significant growth, additional smart chains can be added so as to increase the size of the pool. Transaction fees are always paid in each smart chain's native coin and is independent of other smart chains.

Komodo boast Bitcoin-level security with their delayed proof of work security mechanism. Delayed proof of work is a second-layer mechanism that provides remarkably high security, compounding a blockchain's standard consensus rules.

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Komodo also offer atomic swaps through their AtomicDEX application. Available on Android and IOS, the app enables non-custodial trading. The trader who takes an offer pays 0.13%, while the maker pays no fees. I have mentioned previously in other articles that I believe that this is the future of trading, also minimizing risk! 

Komodo Blasts Off

Almost unnoticed, Komodo has climbed over 50% in the last month. In a recent article, I mentioned how ChainLink has also surged more than 50%, in a month where many coins and tokens were not producing very high gains at all.

Komodo has an average daily trading volume of approximately $4 million, where the majority is being traded on Binance. Currently trading at $0,046 with an all time high of $11.54 makes KMD very attractive for accumulation at these levels.

Komodo is a quality project in my opinion and one worth some investigation. It is important to note that when prices crashed in 2018, great projects were pulled down with everything else. These projects have not really been identified yet by the market. I think Komodo could be one of those hidden gems. Remember this is not financial advice and always DYOR.

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Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!

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