Comodo Coin

1. Summary

Ranks

Liquidity

-

Developer

-

Social

62

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000027 0.0%

Market Cap

$0.00 (#12188)

Supply

/

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Price
52W High price	$0.000000066500
52W High date	2nd Apr 2022 (3 years ago)
All Time High (ATH) Date	1st Mar 2025 (2 months ago)
All Time Low (ATL) Date	1st Mar 2025 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1.00

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Description

Komodo Platform Description

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Komodo Platform Description

Komodo is a cryptocurrency project aiming to leverage blockchain technology to provide enhanced security, anonymity, and scalability. The platform is founded on the principles of community, collaboration, and innovation. It operates on a multi-chain architecture, which means each blockchain has its native coin and does not include network fees, allowing for better scalability.

Komodo uses a Delayed Proof of Work (dPoW) consensus mechanism, which ensures the security of its network by leveraging the hash rate of the Litecoin network (previously the Bitcoin network). This mechanism has successfully defended against 51% attacks and currently protects over 30 production blockchains with hundreds of millions of dollars in value. Annual fees are relatively marginal compared to the level of security provided.

The platform features the Komodo Daemon and Komodo Chain Composer tools, which allow users to create independent and customized blockchains (called smart chains) within minutes. These chains can be tailored with specific features such as coin names, consensus rules, mining/staking rewards, block times, and more. Each chain can opt to secure itself using Komodo’s dPoW.

Additionally, the platform provides modularity for projects to develop their own blockchain, which can inherit or not inherit future upgrades while still being tied to the Komodo ecosystem. This allows them to maintain autonomy and choice while benefiting from Komodo’s security measures.

Komodo also has an ecosystem comprising diverse partnerships and tools, such as BarterDex (a decentralized exchange), Jumbrl (a cryptocurrency anonymizer), and AtomicDEX (facilitating atomic swaps between different coins and tokens). The project emphasizes providing trustworthy services to both investors and entrepreneurs.

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