October 19, 2016 – Komodo , based on ZCash fork is delighted to announce the successful start of its ICO. The privacy and security driven cryptocurrency platform has raised 1267.78 BTCs on the very first day of its crowdfunding campaign. The platform developed by members of SuperNET and BitcoinDark (BTCD) communities offered a 25% bonus to all the investors who took part on the first day of the 36 day ICO period, ending November 20, 2016. As a part of its development roadmap, Komodo Platform will be using the funds raised through ICO to enable anonymous cryptocurrency transactions over Bitcoin’s ZCash fork using zero-knowledge proofs. In addition to anonymity, the protocol also offers extra security by notarizing Komodo blocks on Bitcoin blockchain using Delayed Proof of Work (dPoW) consensus mechanism. The dPoW protocol involves the use of special notary nodes to migrate information from Komodo blockchain to that of Bitcoin and then back again to Komodo . This will, in turn, makes rewriting Komodo blockchain virtually impossible, unless the attacker is capable of compromising Bitcoin. Komodo’s dPoW technology allows cryptocurrencies to leverage the power and security of Bitcoin blockchain by using just a fraction of hashing power. The dPoW technology makes Komodo Proof of Work (PoW) cryptocurrency as efficient as a PoS based digital currency with unparalleled security. Other cryptocurrencies can also make use of Komodo’s notary nodes to notarize their blocks on Bitcoin blockchain without having to pay Bitcoin transaction fees. Komodo ICO Roadmap Until November 20, 2016, users can participate in the ongoing Komodo ICO by exchanging Bitcoin or any other altcoin supported by Shapeshift and benefit from the bonus offerings. About Komodo Komodo is a secure and anonymous cryptocurrency based on the ZCash fork. It is a result of the joint development effort between BitcoinDark and […]
