Komodo cryptocurrency is now supported

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We're glad to announce the addition of Komodo to our systems! Here you'll find some information about this cryptocurrency.

About Komodo

From the Komodo information page at CoinGecko:

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.

Asset specifications

  • Max Supply: 200 million KMD
  • Block Time: 60 seconds
  • Block Reward: 3 KMD
  • Mining Algorithm: Equihash
  • P2P port: 7770
  • RPC port: 7771
  • Block explorer: https://kmdexplorer.io

What can you do with KMD on Blockchain Financial?

Here at BCF, the wallet functionality of the Komodo Platform has been integrated so you can use your KMD in our systems:

Send/receive and transfer KMD using our online wallet services

Create a CryptoWiz button and share the link everywhere to receive tips

Purchase goods or pay for services using our marketplace
Trade your KMD for every other asset (even fiat currencies) on our P2P exchange

If you want to sell KMD for fiat over electronic gateways like PayPal to business willing to accept KMD as payment or you have a business and want to allow your customers to pay you with KMD and receive fiat in return, then AutoCash is for you.

And if you upgrade from a normal to a premium account, you can:

  • Create advanced CryptoWiz buttons to use BCF as a payment gateway
  • Create a store in our marketplace and sell goods or services for Hempcoin and other cryptocurrencies

Take a look at the coin specifications page

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