There is no doubt that the future of blockchain and DeFi will favor only those platforms that provide multi-chain user solutions. The hard cold truth is that your project needs to be multi-chain to become competitive. And that’s where the debate about which blockchain platform is the best foundation lies. The Komodo project, a multi-chain platform, is a blockchain project that seeks to provide business-friendly solutions that are secure, affordable and speedy. In today’s article, we take a deep dive into Komodo, what it is, key features, partnerships, and how you can buy Komodo coins.

What Is Komodo?

Komodo is a privacy-oriented cryptocurrency project that promises to provide more privacy and security using its own ecosystem. Komodo’s blockchain development can be traced all the way back to 2014. Therefore, Komodo is one of the pioneers of multi-chain architecture in the blockchain industry.

The platform relies on a technology referred to as a Delayed Proof-of-Work (DPoW) consensus protocol. Additionally, Komodo offers a technology suite known as the Antara framework that houses tools for blockchain development, a library of built-in modules, an open API for building blockchain-based apps, and an app-specific Smart Chain.

Key Features

After several years of innovation and development, the Komodo multi-chain architecture has become a solution to problems that challenge other smart contract platforms. Some of the major features that the Komodo platform relies on include:

Security

Through the Komodo platform, you can enjoy the protection provided by Litecoin hash rate. Through Komodo’s Delayed Proof-of-Work consensus mechanism, you can spend less time worrying about attackers and more time developing your project.

Scalability

As a developer or a user on the Komodo platform, you have full access to the Komodo smart chain. Not to mention, you also have the ability to create more than one blockchain and combine any number of them into one cluster. Therefore, if your project grows beyond the capabilities of a single chain, you can simply add more.

Interoperability

Thanks to Komodo’s industry-leading Atomic swap technology, it’s possible for one project to become interoperable with all other projects within the Komodo ecosystem. It also enables all these projects to be connected with over 99% of coins and tokens on the platform as well. Therefore, you can simply transfer assets and tokens between any and all compatible smart chains.

Adaptability

You can create and adapt your smart chain to be a solution to a problem that fits your individual needs. This you can do with the help of the Antara framework.

Komodo Coin

Komodo coin is Komodo’s native cryptocurrency, otherwise known as KMD. Thanks to the DPoW consensus mechanism, the Komodo crypto is an integral part of the Komodo network. KMD is mineable using the Equihash algorithm and a total of 200,000,000 tokens will be issued by the network. Currently, over 120 million KMD tokens are in circulation with the last coin expected to be mined in 2030. KMD initially began as an ICO which lasted from October 15th all the way to November 2016. The ICO event raised 2,639 BTC which was valued at nearly $2 million at the time.

Ecosystem

Komodo ecosystem’s composable design makes it a choice platform for a wide range of blockchain projects and dApps. Currently, there are several projects building their own independent chains on the platform. The focus of these projects spans a wide range of use cases such as digital privacy, gaming, instant messaging, and lending. The ecosystem allows any developer to create a fully independent chain that’s secure and exists in a competitive environment.

Partnerships

Thanks to its multi-chain architecture and cutting-edge technology, Komodo has become wildly popular with both enthusiasts and investors across all manner of industries. Therefore, it has formed crucial partnerships with several companies to enable the continued development of the Komodo ecosystem along with the apps being built upon it. A few key partnerships include:

• Travala
• Amazon Web Services
• Google Cloud
• Binance chain
• Atomic DEX
• Tokel

How to Buy Komodo Coin On JansWap?

If you are wondering how to buy Komodo coin worry no more. In this section, we are going to show you how to buy Komodo coins using the best KMD exchange aggregator in the market. Simply head on to the official JansWap website and follow the below procedure:

• Step 1. Launch JansWap on your computer browser.
• Step 2. In the “select pair” tab choose BTC as the coin that you wish to exchange to receive KMD.
• Step 3. In the section “get up to” enter KMD.
• Step 4. After you’ve entered these details along with the correct amount, JansWap will provide you with a number of Komodo exchange offers from the exchange platforms it has partnered with.
• Step 5. Go through the different offers and select the one that you want.
• Step 6. Once you’ve narrowed down an offer you want, select it and click on “exchange” to proceed.
• Step 7. Do provide a wallet address to receive your Komodo coins. You may also provide additional details if you so wish. Click on “proceed to exchange” to initiate the process.
• Step 8. Once the transaction begins, it may take a while before your coins show up in your wallet. Just give it a few minutes.
• Step 9. The process will finalize and you will receive your coins at your wallet address. After this, just take a moment to rate the experience and leave behind an honest review.