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Komodo (KMD)

Zero Knowledge Privacy Secured by Bitcoin

Komodo (KMD) is the first cryptocurrency to employ the Delayed Proof of Work (dPoW) consensus mechanism, which relies on pre-voted notary nodes. These nodes introduce the information from Komodo's PoS blockchain into Bitcoin's blockchain, making this coinsensus protocol resistant to all attack vectors.

In order to cover the costs associated with running these notary nodes, the majority of the block reward and all of the transaction fees generated on the platform are allocated to them.

Using this "bullet-proof" security system, Komodo is able to provide anonymous transactions that are protected by Zcash's Zero Knowledge Proof and secured with Bitcoin's "seal of approval", meaning that there is no risk of a fake encrypted blockchain taking over the real one, which would require Bitcoin's blockchain to be compromised as well.

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Last update: 12/16/2017