Komodo (KMD)

Komodo (KMD) is an open-source cryptocurrency and blockchain platform launched in 2016. The project aims to provide a privacy-focused, decentralized, and secure blockchain ecosystem for both individuals and businesses. Komodo operates on its own independent blockchain and uses the delayed Proof of Work (dPoW) consensus mechanism, which is an extra layer of security that ensures the platform is not vulnerable to 51% attacks. This means that Komodo has an additional backup mechanism that ensures the network's security by leveraging the hash power of the Bitcoin network. One of the key features of Komodo is its ability to create independent blockchains that are interconnected with the Komodo main chain. These blockchains are known as "sidechains" and they inherit the security and immutability of the Komodo main chain, enabling developers to create custom solutions without having to build and maintain an entire blockchain from scratch. In addition to providing a platform for developers, Komodo also has its own native cryptocurrency (KMD), which can be used for transactions, staking, and participating in the platform's governance model. Overall, Komodo provides a unique combination of security, privacy, and flexibility, making it a popular choice for businesses and individuals seeking decentralized solutions.