StakeCube, on 14 February, listed Komodo on its exchange. Komodo with a market cap of $106.5 million is ranked 64 and is only the 5th coin from the top 100 to be listed on StakeCube.
StakeCube, one of the most popular POS pools and masternode services, has its own exchange and over 33,566 registered users on its platform. The SC platform has 48 coins listed currenrly. Based in Germany, StakeCube was launched on 13th June 2018.
StakeCube also offers interest on Bitcoin, Doge, Litecoin and Dash. Reddcoin and Digibyte are also listed on StakeCube exchange.
Understanding Komodo
Komodo has been around since 2014. Under the anonymous leadership of JL777c, KMD offers blockchain solutions to fintech, supply chain management, digital identity and records, voting and gaming. In an interview given to Naomi Brockwell, JL777c said, “Komodo offers to resolve the issues of privacy, scalability and security.”
Komodo uses a concept called delayed proof-of-work (dPOW). It uses Bitcoin’s security and Zcash’s privacy tech. In the same interview, JL777c said “KMD piggy backs on the security and all the electricity used by miners” of bitcoin. What this essentially means is Komodo community appointed notary nodes leverages from Bitcoin’s hash. dPoW algorithm takes snapshots of the KMD blockchain and inserts them into BTC every 10 minutes. With this feature, dPOW provides developers the ability to conduct fast and secure transactions on their blockchain relying on Bitcoin’s security and resources. KMD can create a new blockchain that can be configured to have 0 to 100% Proof-of-Stake in a Proof-of-Work, Proof of Work and many other hybrids.
KMD Notary elections coming up soon
The Komodo notary node network consists of 64 independent servers that are located across the world. The notary nodes defend the entire Komodo ecosystem against 51% attacks by relaying blocks to BTC. Komo has its notary node elections coming up in March 2020. Anyone with technical skills can stand for elections and you do not need a minimum level of KMD to contest. However, voters are airdropped a token based on their holding on a. 1:1 ration.
Komodo’s all time high was on December 22, 2017 at $11.54. Maximum supply 200 million with a circulating supply of close to 120 million. Binance is the current most active market for Komodo.
sid@ledgerlife.io
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