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Komodo (KMD)What is Komodo (KMD)?

Komodo is an end-to-end blockchain infrastructure solutions provider. Consistently recognized as one of the world’s most innovative blockchain projects, Komodo is developing technologies at the cutting-edge of the blockchain industry.

In reality, most blockchain platforms today are but a single blockchain that offers support for smart contracts and decentralized applications. This model forces all projects to share the same infrastructure, leading to congestion, increased transactions fees, and stifled growth.

Whereas other blockchain platforms employ a single, shared-blockchain model, Komodo’s federated multi-chain architecture provides each and every external project with independent infrastructure and a dedicated blockchain.

This multi-chain design is what makes Komodo unique among blockchain platforms. Each project is given the opportunity to create their own blockchain ecosystem via Komodo’s infinitely scalable infrastructure.

Komodo’s tech enables seamless cross-chain interoperability among all federated blockchains. Every blockchain built with Komodo is also connected to 95% of chains outside the federation via atomic swap technology. Future plans are in place for blockchain bridging support, which will create cross-chain fungibility throughout the entire blockchains industry.

Moreover, with Komodo’s architecture, multiple blockchains can sync up and function as a single chain. If one chain is not meeting performance needs, additional chains can be added to form a blockchain cluster. A blockchain cluster boosts performance linearly without inflating coin supply or devaluing the currency.

The Komodo ecosystem is not only scalable and interoperable, it’s also secured with the power of the Bitcoin network. This is accomplished with a series of cross-chain notarizations that store a blockhash onto the Bitcoin ledger every ten minutes, providing protection from 51% attacks.

Join Komodo as we continue to accelerate the global adoption of blockchain technology.

Top 4 wallets for Komodo (KMD) in April 2021

Hardware wallets are the safest and most convenient options for securing your Komodo (KMD). These hardware wallets are specially designed to store private keys securely. They're considered safer than desktop or smartphone wallets, mainly because they don't connect to the Internet at any point. These properties significantly reduce the attack vectors available to malicious parties, as it means that they can't tamper with the device remotely.

  1. Ledger Nano S
  2. Ledger Nano X
  3. Trezor One
  4. Trezor Model T

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