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Komodo (KMD)

Komodo (KMD)

About Komodo

Komodo (KMD) describes itself as 'a secure, scalable, and interoperable blockchain ecosystem that offers the tech and tools to create customizable independent blockchains'. Komodo's multi-chain design reportedly enables projects to build their own blockchain ecosystem via Komodo’s scalable infrastructure. It also claims to supports cross-chain interoperability, which could allow blockchains built with Komodo to connect with external chains via atomic swaps. Additional chains can reportedly be added to form a blockchain cluster to enhance performance without debasing the currency. Komodo is also reportedly secured with the hashing power of the Bitcoin network via a series of cross-chain notarizations that store a blockhash onto the Bitcoin ledger every ten minutes.
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