What Is Komodo (KMD)? Komodo is a versatile crypto finance platform based on the blockchain.

What Is Komodo (KMD)?

The Komodo Platform is a blockchain with plenty going for it. It includes a multi-currency wallet, decentralized exchange, crowdfunding platform, and it even has privacycoin features. This multi-purpose cryptocurrency and blockchain project uses Zcash technology to create a crypto ecosystem as good as anything the big banks have. KMD is the native cryptocurrency used by the platform.

Who Is Komodo?

Komodo was founded as Bitcoin Dark in 2016 by a psuedonymous team that includes JL777. Because of the lack of birth names attached, some are wary of this platform. Others are drawn to it for much the same reason.

Use Cases of Komodo

The Komodo Platform can be used for untraceable currency exchanges, secure storage, and E2E-encrypted transactions. Atomic swaps are used for a decentralized exchange platform that remains psuedonymous.

How to Mine KMD

KMD is mined with a Proof-of-Stake (PoS) algorithm and verified with a delayed Proof-of-Stake (dPoS) consensus.

Learn More About Komodo

If you want to learn more about Komodo, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

Versability

Dr. Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer. You can find his work in Cracked, High Times, HuffPost, Lifewire, Forbes, Fast Company, and dozens of other places, although much of it is no longer under his name. Dr. Penny loves annoying fake media.

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