$KMD can often be used to buy into decentralized ICOs launched on our platform at a discounted price.
KMD can also be traded with absolute privacy using Komodo’s Jumblr tool
What is a privacy coin? Privacy coins implement various protocols to create a layer of privacy between blockchain transactions. This can be utilized to prevent blockchain traceability or provide different levels of privacy for data stored on the blockchain.
What is Jumblr? A decentralized cryptocurrency shuffler that allows your transactions to become incognito and protects them from being traced through a time or knapsack attack. It adds a privacy layer to your transactions because after your coins are Jumbled, an analysis of the amounts that went in or times that they came out is futile. This function is unique to Komodo and does not require third parties.
2. Security: a secure and robust consensus mechanism called delayed Proof of Work (dPoW) that protects your funds and our ecosystem. This unique technology uses a notarization process to create a backup of the entire Komodo blockchain onto the Bitcoin blockchain thereby increasing security and resilience. This happens roughly every ten minutes. The backups are then saved (notarized) onto the Bitcoin blockchain because it has the highest hashrate available. So even if Komodo suffered a devastating attack (which is extremely unlikely), the Komodo blockchain would merely revert to the most recently notarized copy of the chain. If Bitcoin loses superiority in terms of hashrate the dPOW mechanism can be switched to another blockchain on demand. Hence, Komodo is the most flexible platform to build on and one of the most secure.
What is hashrate? A proof of work blockchain needs a lot of calculations. Hashrate is the way it is measured. The amount of data hashed in a given time by a machine. It is a unit used to define the amount of calculations made by a machine. When you add all the machines together you have the hashrate for that blockchain (here’s a great chart that illustrates it). It's like a river of transactions and the broader and wider it is, the harder it is to manipulate it.
3. Freedom from middlemen: a decentralized exchange (DEX) called BarterDEX, with a fully working order book, powered by our world-class atomic swap technology. This reduces risk and transaction fees. Komodo’s atomic swaps work between Bitcoin protocol and ERC20 tokens which means we can support over 95% of all the tokens and coins in existence. Our decentralized exchange offers ‘liquidity power-ups’ which mean that you can place more than one buy order with the same funds (i.e. pick your top 5 coins and if any of them drop below 50% of their value you’ll buy it and cancel the other orders at the same time) which means your funds have a greater value! On top of all that, Komodo’s DEX has fast transaction speeds and super low transaction fees (0.15%). You can find live BarterDEX and Komodo Stats here: https://dexstats.info/index.php.
What are atomic swaps? Atomic swaps are a method of trading cryptocurrencies peer-to-peer, directly from one blockchain to another, without the need to trust a third-party. Here is a good article to read that will take you about 11 minutes ‘Atomic Swaps & Etomic Swaps, Explained in Plain English’ written by John Westbrook on Medium.
Why do YOU want an exchange to be decentralized? A centralized exchange is a third party and requires you to trust them with your funds. If they’re hacked you’re at risk of losing your funds. Centralized exchanges also require you to trade between pillars (i.e. BTC or USDT) which can involve higher transaction fees and a greater number of trades than necessary to swap the token you have for the one you want (i.e. DOGE sell to BTC to buy KMD is two trades when all you really want is DOGE to KMD).
4. Independence: decentralized ICO crowdfunding and scalability solutions for blockchain startups. You can think of a blockchain as a motorway and if you build a project on the same blockchain as other projects you will be impacted by how well the other drives behave, or by the motorway introducing tolls, or you could suffer from congestion (i.e. if you’re familiar with how crypto kitties caused ETH transaction fees to greatly increase and transaction speeds to slow down then you’ll understand multiple projects on one blockchain cause a scalability and independence problem ). Komodo offers parallel chains which mean a project or decentralized ICO is given its own chain which uses Komodo’s technology. This also solves the scalability issue because using the motorway analogy we can simply open more lanes for a project with a high amount of congestion. This is possible because of the dPOW notarisation. It allows projects to launch completely independent blockchains. Every independent blockchain created on Komodo Platform is automatically integrated into Komodo’s BarterDEX (DEX) which means they have instant access to liquidity for their token and their community can buy and trade immediately. If you compare this to a centralized exchange where projects are often met with a list of onerous demands and fees to be listed and risk being delisted then you’ll understand how important this is for any project especially smaller teams and decentralized apps (dAPPS).
5. Universal Wallet: the Agama Wallet is a universal secure, multi-coin wallet to store funds on and claim the 5% reward for your $KMD tokens. There is also a paper wallet available if you would prefer a cold storage option for those who want to maximize their security.
Chart 1 - Mining difficulty of Bitcoin (BTC) (log scale) Sources: Binance Research, Coin Metrics. As illustrated by chart 1, the mining difficulty of Bitcoin has increased dramatically since 2010. Before 2010, the mining difficulty remained constant around 1 as Satoshi was likely “mining everything by himself”. Regarding Bitcoin mining, there are four primary paradigm shifts (and five ... Most mining algorithms are either GPU- or CPU-friendly, but not both. But Cryptonight can be profitable on both a GPU and CPU, which makes Cryptonight mining rigs more efficient. In most other mining rigs, the CPU is usually just a waste of space. Setting Up a Cryptonight Mining Rig. A mining-rig setup can be tricky, especially if you want to mine with both GPUs and CPUs. Choosing the CPU, GPU Chart 4 shows, for example, that the founding BP EOSHuobiPool has the largest amount of votes with 336mn votes. In comparison, the largest proxy, “colintcrypto” controls roughly 10mn EOS, with the largest 21 proxies controlling over 94mn votes. Other than BPs, the overarching idea behind proxies is similar to representative democracies ... Here is a comparison chart showing key specifications for the above-mentioned cryptocurrency mining GPUs. In summary, cryptocurrency mining is the act of balancing. To mine profitably you need to find a perfect balance between mining the most profitable coin, having the most computational power, and using the right amount of electric power, that would not exceed the possible profit. Best GPU for Mining - Top 6 Choices. Find your best GPU for mining: top 6 choices in the market with an included GPU comparison chart. Choosing GPU for mining is now easier than ever. Comparison Bitcoin vs. Ethereum vs. Ripple etc. Place to learn about crypto currencies and start to understand some of the fundamental concepts behind the major crypto currencies. Comparison Chart. BTD Comparison With Major Coins. BTD: Bitcoin Dollar BTC: Bitcoin ETH: Ethereum (ETH) - #1 : Bitcoin Cash (BCH), Bitcoin SV (BSV), Bitcoin Gold (BTG) & Bitcoin Diamond (BCD). #2 : Ripple (XRP ... Bittrex currently offers 100s of coins with its strongest pairs being Bitcoin and Ethereum. You can also make fiat deposits with USD, EUR, GBP. Now that you have a basic idea of both exchanges, we will now look at other details in our comparison of Binance vs Bittrex. We will be looking at the features, pricing, fees, security and other ... Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. after 2 months of being banned im still bullish as shit as long as 8.7k-9k is protected. im throwing some bids there. go below and hello 7k's A GPU provides a higher Hashrate and is an excellent alternative to CPU mining. As we adopt the era of digital currencies, there are people who are interested in investing in one of the best mining GPUs to make significant profits. However, when you intend to buy a good GPU, you should consider factors like memory, power, and cost.
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