THELOGICALINDIAN - Komodo KMD an bearding cryptocurrency based on ZCash launched a accessible ICO on October 15 that will aftermost until November 20 2024
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Komodo: Full Anonymity Through Zero Knowledge Proofs
Supporting aught ability proofs and anchored by the Bitcoin assortment rate, Komodo claims to be absolutely bearding with Bitcoin-level blockchain security.
Operating on the delayed Proof of Work accord model, the bill uses what developers alarm “custom transactions,” which are advertisement by Komodo’s “notary nodes.” Developers say that these agent nodes can be acclimated by added currencies to defended their own blockchains.
According to a columnist release, this cryptocurrency has an operational testnet in place, with developers alive on convalescent the protocol.
This activity draws afflatus from Bitshares and Steemit, application a delegated affidavit of pale mining algorithm to “eliminate the use of [Proof of Work] mining,” the aggregation said in a columnist release.
Other cryptocurrency developers accept criticized the Proof of Work algorithm, arguing that its resource-intensive attributes opens doors for absorption through economies of scale, and is about bad for the environment.
To break those perceived problems, developers congenital another models, such as affidavit of stake.
Komodo creators say the bill is a artefact of analysis done by the BitcoinDark (BTCD) and SuperNET teams. As such, the aggregation told columnist that BTCD holders can bandy their bill for KMD at a 50 percent bonus.
Additionally, BTCD holders will “receive a appropriate asset issued on the Komodo blockchain, that allows them to abide accepting assets from Bitcoin Dark,” according to a columnist release.
The cryptocurrency will accept an antecedent accumulation of 100 actor KMD. Developers affirmation that 90 percent of this accumulation will be broadcast to ICO participants, while the added 10 percent will be captivated “for development, marketing, advisers, and bounties.
This cryptocurrency activity comes amidst several announcements of new bill claiming to accommodate abounding anonymity through the use of aught ability proofs.
What do you anticipate about new currencies application aught ability proofs? Let us apperceive in the comments below.
Images address of Komodo.
