Cryptocurrency again made its way into the center of media attention in 2021 with popular cryptocurrencies like Bitcoin and Ethereum hitting all-time highs of $40,000+ and $1,300, respectively, completely blowing past their previous all-time highs ($19,783 for Bitcoin in 2017).

The state of crypto feels very similar to when crypto was first made popular and mainstream in 2017. Almost deja vu like. And as you may know, the fear of missing out (FOMO) for crypto was real among investors on the first wave, so you definitely don’t want to miss out again when things pick up steam again on the second wave.

Now, the question remains, where is the love for promising altcoins and other project initiatives that may be the “next” Bitcoin or cryptocurrency with potential for promising returns?

I’ve always been fascinated with altcoins and contrary to many crypto investor’s advice of not playing altcoins due to their huge fluctuations and potential price manipulation due to limited volume, I still think there are some golden nuggets still within the altcoin community that deserves some love and some projects are on to something. In this $1,000 altcoin challenge, I will break down why I selected each individual altcoin and will allocate about $71.42 per altcoin in the altcoin portfolio tracker (updated in real-time) displayed below.

In the coming days, I will blog more depth about why I selected these 14 altcoins in a more comprehensive blog post review for each altcoin so stay tuned. This post will ultimately link to the individual altcoin reviews as I continue to write about my methodology in selecting these 14 altcoins that I believe are promising.

Hopefully, this post ages well within 1 or 2 years because anything can happen with the price velocity of cryptocurrency, which can be a good thing or a bad thing. The $1,000 altcoin challenge is mainly for entertainment value and for experimenting. If you enjoyed the project, please remember to share with social media like Twitter or Facebook using the hashtag, #1000altcoinchallenge. Greatly appreciated.

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The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.

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The largest cryptocurrency, both in terms of price as well as market cap, Bitcoin [BTC] has witnessed nothing less than a roller coaster ride. The king coin has been experiencing high volatility causing a commotion in the crypto industry. While several decided to sell, many crypto personalities preferred to stay patient, banking on a further rise. At the time of writing, the coin was trading for $39,630 and had surged over 14.53% in just a day.

Lauding this price change, the Winklevoss twins, Peter Schiff, and several others took to Twitter. Prominent entrepreneur, Michael Saylor went on to compare Bitcoin to electricity and said:

“Powering your treasury with #Bitcoin is like powering your home with #Electricity.”

Gemini’s CEO, Tyler Winklevoss recalled the market sentiment and urged people to remain focused instead of listening to “noise”.

The king coin has been receiving an array of appreciation with tech entrepreneurs such as Twitter CEO Jack Dorsey praising Bitcoin in his tweets in a thread justifying Trump’s ban. But the real question is if Bitcoin would continue its hot streak or fail trying to reach – or even surpass – its recent all-time high.

The one-hour price chart of BTC on the Bitfinex revealed that the bears were going to disrupt the ongoing bull market. The king coin could be preparing for another retracement. An upward channel pattern was formed in the short term chart of BTC. This is considered to be a bearish pattern as the direction of breakout during the formation of such a pattern is downwards. If Bitcoin does break in this direction, the asset would retrace at $36,794 or $35959, the Fibonacci Retracement indicator affirmed.

The Money Flow Index was returning from its journey to the overbought zone. At the time of writing, the MFI marker was at 65.30 median which revealed that the Bitcoin market was manifesting a buyers’ sentiment.

Bitcoin price has recovered strongly to the upside, breaking upwards by about 10% from yesterday’s prices.

Top-20 altcoins have also risen, as Ethereum gains 8%, XRP stays stable, and Polkadot stands out with a 28% gain.

eToro has sent out an email to its users warning that it may be forced to limit “buy” orders on cryptocurrencies over the weekend, due to “unprecedented demand”.

The platform has had 380,000 new accounts opened over the last 11 days, with reported trading volumes of more than 25 times those of the same time last year.

Digital asset investment giant Grayscale has commenced the dissolution of its XRP Trust, following the SEC’s lawsuit against Ripple. The XRP Trust raised more than $19 million over three years.

Grayscale will be distributing proceeds from its liquidated XRP holdings to shareholders in the trust, and has already removed XRP from its large-cap cryptocurrency fund.

The European Central Bank has reported that it received more than 8,000 responses to its digital euro survey, since mid October.

41% of respondents viewed privacy as the most important feature of a digital euro, with security and accessibility also widely regarded as important aspects.

Interestingly, the integration is well-timed for AtomicDEX v0.3 beta release as it will go live tomorrow on October 29. The prior versions of AtomicDEX used a centralized price feed. As a result, the DEX was vulnerable to price manipulations. Effectively, the Band protocol scalable price oracles will greatly benefit the traders.

In addition to this, the integration will enable the BAND store and swap on AtomicDEX for desktop users. The initial 10 secure price feeds will be enabled for both mobile and desktop AtomicDEX. These price feeds are BAND/USD, BAT/USD, BTC/USD, COMP/USD, DAI/USD, ETH/USD, KNC/USD, LINK/USD, REP/USD, and ZRX/USD.

According to Kadan Stadelmann, CTO Komodo, both companies share the vision to build an interoperable blockchain world. This is what makes the partnership even more valuable. Additionally, the decentralized oracle solution by Band Protocol will accelerate the adoption of AtomicDEX and the other segments of the Komodo ecosystem.

Moreover, the partnership will deepen over time. Band protocol will help Komodo developers write custom oracle scripts. These scripts can connect Komodo to any external data source or API. Thus, the Komodo application ecosystem will have access to reliable decentralized price feeds as well as data from diverse verticals. Precisely, the data from DeFi, gaming, prediction markets, insurance, and more such sectors will become accessible to Komodo developers.

Band Protocol is becoming widely popular. According to many Band loyalists, Band is better than Link. This is because Link is built on Ethereum and will be facing scalability issues. On the other hand, Band is 5 times faster and cheaper as it has its own blockchain. Thus the price feeds refresh more quickly.

According to the crypto research organization Messari, Band Protocol, and few other projects represent critical infrastructure pieces required to build DeFi ecosystem.

Currently, the BAND price is struggling to move upwards. In the last 30 days, the BAND token has shown no positive price movement and at the time of press, it is trading close to $5.19.

For the latest cryptocurrency related news, do check out our Altcoin Buzz YouTube channel. 

Popular crypto trader and analyst Elliot Wainman says a group of relatively obscure altcoins have the potential to moon this January.

In a new YouTube video, Wainmain, also known as EllioTrades, picks 14 crypto assets that could provide traders with major gains in the next few weeks.

First, Wainman predicts big things are in store for decentralized liquidity network THORChain (RUNE), which is currently trading at $1.76 with about a $278.28 million market cap at time of writing, according to CoinMarketCap.

The altcoin analyst predicts THORChain will reach a $1 billion market cap and potentially even higher.

“I’ve always been a fan of THORChain, I’ve always been a fan of RUNE, because it allows for yield to be extracted by locking up Bitcoin, and anything that’s DeFi and Bitcoin related to me is set to go absolutely bananas as Bitcoin also grows. So in my mind, a project like RUNE was and always is set to do really well on the back of Bitcoin and DeFi growing together.” 

Another crypto Wainman says is set to grow with Bitcoin and Defi is REN, a protocol that enables the transfer of crypto assets between blockchains. The trader says he’s “betting big” on REN, which is trading around $0.42 with $369 million market cap at time of writing.

Wainman is also bullish on AllianceBlock (ALBT), a “decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance” with only a $46 million market cap. The trader highlights AllianceBlock’s new partnership with data storage project Ocean Protocol as a bullish sign of things to come.

Next up, the crypto trader mentions two related projects that help miners extract the greatest possible value from confirming transactions. Wainman says KeeperDAO (ROOK) and Archer DAO (ARCH), which is up 128% on the day, can multiply in value during this bull cycle.

Wainman then moves on to the decentralized insurance sector, which the analyst labels as one of the most important portions of the decentralized space. Wainman chooses to spotlight Polkadot-based Bridge Mutual (BMI) as an exciting project in the sector.

“Bridge has been at this for two years and has a very interesting complex web of mechanisms that they use to ensure that insurance is provided accurately, that the right policies get approved, that when people are harmed that they actually get the coverage that they’re entitled to.”

Next on Wainman’s list is decentralized derivatives platform, Injective Protocol (INJ). With a market cap of $88 million, the trader points out that the project, which just announced the first decentralized Tesla futures market is now available on its Solstice testnet, has a lot of room to grow considering the traditional derivates market is worth tens of trillions of dollars.

Wainman’s next three picks are also decentralized derivatives related products. The trader highlights Oiler Network, which has not yet had its token launch, Hegic, and a project built on top of Hegic, Whiteheart (WHITE).

Wainman then highlights REVV which is a project in the NFT space, a sector which Wainman is particularly bullish on.

Next on his list is PARSIQ (PRQ), which Wainman labels as an undervalued project that boasts high profile partnerships and great tech.

“They’ve partnered with some of the biggest and most influential coins and projects and chains in the entire ecosystem and I believe they are just getting started as their technology is being recognized a one of the most superior infrastructure projects in the entire space.”

The last two assets Wainman mentions are Akash (AKT), a decentralized cloud storage project, and RAMP which as of writing stand at $27 and $28 million market caps respectively.

Featured Image: Shutterstock/Marc A

Are you looking for an easy, fast and reliable place to buy Komodo in 2020? We’ve selected the best brokers available in Europe to invest in Komodo. Each broker offers an easy to use portal, popular payment methods and fair prices.

You can invest in Komodo using the secure brokers available on this website. All brokers offer easy to use websites and mobile applications which eliminate the need of having technical knowledge of cryptocurrencies.

Buying Komodo fast is possible when you have a wallet on the platform. The good news for you is that all the brokers available on this page offer a built-in Komodo wallet. This expedites the buying process.

Losing money is frightening. Isn’t it? Are you thinking about investing in Komodo? Be aware that buying Komodo is risky, you can easily lose money due to the volatile prices. You hear a lot of succes stories of people who made a fortune by investing in crypto. It is possible to make money, but you should also be aware of the risks. Investing in cryptocurrencies is considered riskier than investing in other assets available in the market.

The Komodo price can change quickly. Sometimes people don’t get the chance to buy and sell KMD at the right time due to the volatile nature of its price. Those who manage to buy and sell cryptocurrencies at the right time will make the most profits.

Wise investors warn new entrants about the risk and suggest only invest the amount of money you are comfortable losing. Do not put yourself in a condition where you don’t have enough money to pay for your rent or buy groceries for the whole month. 

It is good advice to consider that do your research before buying any cryptocurrency. Do not follow the footsteps of your friends or relatives, who you tell you amazing stories of how he/she earned fortune trading cryptocurrency. So, do your research and check whether it is feasible to buy Komodo or not. Things you could check are:

Safety and security are the basic and crucial parameters to consider before selecting a broker to buy Komodo. Not all the brokers available on the internet are safe and secure. Many brokers got hacked in the past.

So, it is better to check the safety and security of the broker beforehand. Brokers charge a service fee of their users. They offer different services to users that help them trade conveniently. When you check the price of any cryptocurrency on any broker platform make sure it includes the service fees to avoid an unpleasant surprise at the checkout page. Make sure the brokers follow the KYC and AML guidelines to enhance the security of their platform.

Are you looking for a broker to buy your Komodo? That is a personalized question. Every person has its own trading goals to achieve. Some people like brokers that give good incentives when they invest a large amount of money while others look for brokers that do not put minimum investment limits, so they can invest a small amount of money. Choosing a broker depends on many factors, some are mentioned below:

We have listed several well-reputed brokers available in Europe. If you want to buy Komodo using your credit card you can do that easily. You can use fiat currency as well to invest in Komodo. All the brokers shown on this website accept major payment methods like Credit Card, GiroPay, MyBank, SOFORT, iDEAL, Bank Transfer, and Bancontact. Choose the one that is the most suitable for you.

You can buy Komodo from any broker of your choice from the brokers mentioned on this webpage.

You can buy KMD using a credit card or other major payment methods like: GiroPay, MyBank, SOFORT, iDEAL, Bank Transfer, and Bancontact.

When you buy a cryptocurrency from a broker you pay a trading fee. Different brokers charge trading fees ranging from 0.25% to 5% of the total value of the trade. It varies from case to case.

Within seconds. Yes, when you own a built-in KMD on the same platform your coins will be delivered in your wallet in seconds once you pay the money.

The minimum investment depends on your investment budget. You will find brokers selling KMD for as low a € 1. It is also true that there are brokers that have set a minimum investment limit on their platform. You have to invest more than the set limit to trade on the platform.

Singapore’s Anti-Money Laundering (AML) laws aimed at preventing terrorist financing and money laundering thereby protecting Singapore’s financial integrity, and for this, the AML acts issue guidelines and acts of legislation for various financial institutions; stripping off the privacy features from the Komodo (KMD) cryptocurrency is a step towards that development.

Accordingly, the Monetary Authority of Singapore (MAS), which is the central bank and financial regulator of Singapore responsible for regulating the financial sector and promoting the economic sectors of Singapore, came out with a decision, that required all projects listed on any exchange that is incorporated in Singapore to submit new legal opinions.

The legal opinions would be based on whether the assets listed on any exchange comply with the AML laws of Singapore and falls within the scope of “Capital Markets Product” sectioned under the Securities and Futures Act of Singapore.

To bring KMD, which is a decentralized and open-source cryptocurrency under the securities laws of Singapore, some of the privacy features of KMD was were stripped off by the financial regulators of Singapore. On February 15, 2019, some of the shielded transactions were also disabled on the KMD chain. Komodo’s current technology aims at developing end-to-end blockchain network that can be customized into a Smart Chain network with built-in modules and an open API for developing blockchain-based applications.

Considering Singapore’s crypto laws to be the most stringent in the world, this step is expected to help eliminate money laundering and financial crimes in all the jurisdictions. As KMD is listed more than a dozen exchanges incorporated in Singapore, including Binance, Huobi, Upbit, Liquid, Global, and Bittrex, this legal opinion is necessary for KMD to submit for establishing compliance with the AML regulations of Singapore.

In this way, Singapore strongly focusses on the financial regulations surrounding the crypto market, thereby playing a significant role in fighting against money laundering. However, independent of the legal opinion and considering the legal strength of Komodo, KMD will continue to be listed on the exchanges like Binance and Liquid. Komodo is considered as the top multi-chain architecture in the cryptocurrency ecosystem. Due to this reason, on August 11, 2020, Binance enabled crypto pairs KMD/BUSD and KMD/USDT on their platform.

This article covers in detail what security on a blockchain entails, digital signatures, and the Komodo security detail. One major attraction point of the decentralized tech space is security. This tech has also been touted as secure, reliable, and immutable. The blockchain makes use of a digital signature amongst several other features to ensure it is secured at all times.

According to an official blog post, a digital signature is a mathematical protocol that makes the verification of the authenticity of digital messages, transactions, or even documents possible. For every new message, document, email, etc. sent, a new signature is made. Every digital signature is unique and manipulation-proof; hence, the reason for digital signatures having almost 100% certainty. Digital signatures are also one of the most widely used methods of authenticating the communication process. It is used today for a wide variety of processes from the blockchain and crypto space to PDF signing, etc.

To accurately analyze how digital signature works, we will need to break down the process of this technology.

Data hashing involves creating a cryptographic hash of the document, transaction, message, email, etc. All things being equal, the same input is expected to produce the same output. All outputs are also usually random yet always of the same length. It is also impossible to determine the output simply from the input and also impossible to find the exact output from two inputs. Interestingly, the average computer can also easily perform data hashing functions.

Once a document has undergone data hashing, the output of the hashing process serves as an identification (fingerprint) of that document.

Following the hashing process, the sender will also need to further authenticate the document, message, etc. with a digital signature. Every digital signature is different and unique to the transaction being signed. Once assigned, it can never be reused. From the user’s point of view, this whole process takes place in a very short time.

Digital signatures can be created via several means, one of which is the Elliptic Curve Digital Signature Algorithm (ECDSA). Every digital signature consists of a random part and a signature part.

For the random part – a random number is created and multiplied with a point known as the generator point. Elliptic Curve Cryptography (ECC) requires different processes for different curves. In ECC, important parameters like the generator point are known beforehand. Bitcoin protocol employs ECC and makes use of the curve known as secp2561k.

Following the multiplication, a new point is acquired. This point has x and y-coordinates and is most times referred to as component “r.”

The second part (signature) – component “r” is multiplied by the sender’s private key. The product is added to the hash of the message and finally divided by component “r.” The result gotten is known as the component “s.”

Combining components “r” and “s” produces the digital signature.

There are three main processes of verifying the authenticity of a digital signature.

To find out the importance of digital signatures, let’s first find out why we need this innovation.

However, there are a few disadvantages, which include:

In line with blockchain security, Komodo released details of its Quantum security module. Last year, James “jl777” Lee, Komodo’s lead dev, created a quantum-secure digital signature algorithm. The module was launched in Komodo’s Antara Framework, simply known as Dilithium. The entire module was also built on the Dilithium-Crystals quantum secure digital signature technique. This technique was first modeled by a team of developers at IBM Zurich. With this module, any user can create “a quantum-secured blockchain within the Komodo ecosystem.” The module also “enables users to create unique, human-readable handles in place of traditional blockchain addresses.”

Previously, Altcoin Buzz covered also Band Protocol’s strategic partnership with Komodo.

At the time of writing, KMD was trading at $0.604942, the token also has a market cap of $74,344,376 and a 24-hour trading volume of $36,700,544.

Find out more about Komodo on the Altcoin Buzz YouTube channel.

Last Updated January 8, 2021, 22:17 GMT

At the moment, Ethereum’s price is down $-15.02 (-1.26%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on ETH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum is up 1.23% ($14.91) since yesterday, marking the 6th straight day an upward move has occurred. The change in price came along side change in volume that was down 30.52% from previous day, but up 382.48% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Behold! Here are the top tweets related to Ethereum:

Flare will be integrating Litecoin ahead of the Flare network launch in Q2. This will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability. #LTC #Unlockingvalue @LTCFoundation @litecoin /1 of 2

A thread!One of the richest Ethereum addresses is @0x_b1. They have ~99.9% of $300M+ deployed in various DeFi protocols. My friend @n2ckchong did an analysis of the farms they are involved in. Let’s take a look at which coins they are particularly interested in.👇 (1/8)

#Ethereum ATH is $1400 – Current price ($1210) is 16% off this level.#litecoin ATH is $360 – Current price ($170) needs to rise by 111% to reach this.#DigiByte ATH is $0.13 – Current price ($0.032) needs to rise by 306% to reach this.I believe all 3 will retest their ATHs.

As for a news story related to Ethereum getting some buzz:

Scalable & Low Cost Computation of Ethereum Smart Contracts Using Arbitrum, on the Chainlink Network | by Ed Felten | Offchain Labs | Medium

With Chainlink node operators now able to operate as validators of Arbitrum’s secure off-chain computation protocol, developers can build smart contracts using an entirely new approach to secure off-chain computation, providing previously inaccessible scalability for running Solidity, and extreme improvements in cost efficiency….Combining Arbitrum’s unique trust-minimized smart contracts together with Chainlink’s high quality node network as secure validators of those computations, as well as their ability to create secure connections to key external resources, provides a greatly improved, more scalable, and extremely cost efficient off-chain development stack for smart contracts….Arbitrum supports secure smart contracts using an off-chain protocol that gives smart contract developers the flexibility to move most of the work of smart contract execution off-chain, to nodes running the Arbitrum protocol, while maintaining the trustless security of Ethereum….As the value of an Arbitrum off-chain computation increases, developers can always add Chainlink oracles/node operators to increase the number of validators securing their specific computation’s overall security….Putting it together, decentralized networks of Chainlink nodes running Arbitrum can validate a solidity smart contract, retrieve external data inputs, scalably compute the smart contract with associated correctness guarantees, push these contract outputs and proofs on-chain, and send a provable result to the user’s on-chain contract once the arbitration period has ended.

Last Updated January 8, 2021, 03:016 GMT

Currently, Bitcoin Cash’s price is up $5.28 (1.28%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash entered today at $448.88, down 1.21% ($5.48) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 50.43% from the day prior, and up 243.76% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to the day prior. The daily price chart of Bitcoin Cash below illustrates.

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

I told you Bitcoin is great from the very beginning. Did you get in or did you wait too long? Now I’m telling you to get involved in Bitcoin Cash too. It has the biggest upside potential and is currently undervalued. #BitcoinCash #Bitcoin

@KimDotcom You can’t get it right all the time. Bitcoin Cash will be killed by the Lightning Network. There’s no need for it. I’d be more interested in any alt that doesn’t have Bitcoin in its name, as that’s obviously not a good idea. Dogecoin probably better than Bcash.

@dkemper Bitcoin and Bitcoin Cash are my favorites. One is digital gold the other is digital cash. One to store for long term the other to pay for things on a daily basis.

As for a news story related to Bitcoin Cash getting some buzz:

Moon Cash | Free bitcoin cash faucet

(This privacy policy is applicable to the Moon Cash web site)

All web servers track basic information about their visitors….You will earn a % bonus which builds up for every consecutive day that you make at least one faucet claim….So simply make a faucet claim at least once every day and your earnings will ROCKET TO THE MOON!!!…(NOTE: Moon Cash uses UTC dates and times – so these will be used to determine the days that you have made faucet claims)

Refer your friends, enemies and everyone else to Moon Cash and recieve a massive 25% lifetime commission on all their faucet claims!

Komodo is a privacy chain and blockchain project that is far more secure than the traditional blockchains. It is a unique platform that allows the developers to launch blockchains and ICOs. The Komodo platform also has a decentralized exchange and an anonymizer that helps to secure all transactions private. The Komodo platform has several components that create the entire ecosystem. The Komodo Token or KMD is the native currency of the Komodo platform. As per the last reports, KMD ranks at 78 in the market.

Those who traded in the cryptocurrency and even a few newcomers would have come across the word—DeFi. DeFi (an acronym for Decentralized Finance) is the specific ecosystem in the blockchain space that enables digital financial services. Based on the Ethereum blockchain, specially designed DApps or decentralized applications can be created for the financial sector. The principal characteristic of DApps is that they can be programmed as needed. When the DApp is implemented on the blockchain, it runs in a decentralized and independent manner.

The AtomicDEX is a decentralized exchange that sits atop the Komodo multi-chain platform. It is the most advanced peer-to-peer atomic swap protocol in the world. The Atomic DEX allows people to trade cryptocurrency in a secure environment. Trading is available for any coin that a developer chooses to connect to AtomicDEX. Not many people are still aware that the Komodo platform has two exciting DeFi ecosystem projects and not one.

In the 3rd week of July, Komodo had announced that Antara, a simple and adaptable framework for blockchain development, has gone live. It deserves special praise as it has allowed the developers to get complete freedom from the limitations that are associated with a single-chain blockchain platform architecture. It has allowed the creation of modular Smart Chains. They are made secure through the Bitcoin network with the help of the DPoW or Delayed Proof of Work feature. With the help of Antara, Komodo seeks developer independence from the single-chain architectures like Ethereum.

Through a unique industry partnership, Bidao enables KMD holders to use KMD as a collateral asset for loans.

Komodo, an open-source blockchain ecosystem pioneering multi-chain architecture and atomic swap technology since 2014, announces its strategic partnership with Bidao, a decentralized finance and stablecoin system. This partnership furthers Komodo’s mission of interoperability, as it will enable Komodo’s native coin KMD to be a collateralized asset within the Bidao ecosystem through the BAI stablecoin. This partnership will include listing Bidao’s governance token, BID, on AtomicDEX, the world’s leading cross-protocol decentralized exchange (DEX).

Bidao is the only trustless stablecoin that is both blockchain-agnostic and allows for different crypto assets to be used as collateral. Although it is tied to the Binance Chain, Bidao can accommodate any blockchain network and is able to interact frictionlessly with other crypto assets. Bidao utilizes two tokens: the governance token, BID, which uses a completely decentralized proof-of-stake blockchain with an additional collateral-backed value token which is 100% stable in value, and the stablecoin BAI, which is pegged 1:1 to the US dollar.

This partnership creates a new use case for KMD holders. Bidao is building a blockchain system in which users can open Collateralized Debt Positions (CDPs) by locking KMD as collateral to generate BAI, the Bidao stablecoin. BAI limits exposure to volatility as it is anchored to the value of the US dollar through smart contracts. To unlock their KMD, users can close the CDP at any time by repaying their BAI to the system using a simple function call.

Kadan Stadelmann, CTO at Komodo, said,

Effective immediately, AtomicDEX will also list Bidao’s governance token, BID. Komodo’s breakthrough AtomicDEX is powered by cross-chain atomic swaps. AtomicDEX provides an all-in-one non-custodial wallet and decentralized exchange in which users can store their digital assets and trade them across different protocols. For example, users can trade BTC for ETH, and vice versa, without any third party.

Bastian Aigner, CEO at Bidao, said,

Komodo is a community-led blockchain project for passionate, dedicated, and inquisitive tech enthusiasts. The Komodo community helps shape the future of the project’s technology initiatives, marketing efforts, and overall strategy. Komodo’s AtomicDEX is an all-in-one non-custodial wallet and decentralized exchange that offers the industry’s widest cross-protocol support. Available on all devices, AtomicDEX supports 20+ blockchain networks. Users can trade BTC, ETH, ERC-20 tokens, LTC, KMD, and much more directly from their wallets. Komodo’s other open-source technologies enable developers to launch independent chains with UTXO smart contract technology and create robust cross-protocol DeFi applications such as multi-coin wallets, DEXs, and marketplaces.

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The Bidao Cryptocurrency (BID) utilizes a completely decentralized proof-of-stake blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to other cryptocurrencies such as Bitcoin, Binance Coin, or Ethereum which experience huge price fluctuations.

Bidao is integrating with many different blockchains like Bitcoin, Ethereum, Ontology, and Tron. This way Bidao becomes the one-stop-shop for Decentralized Finance (DeFi) applications.

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Komodo is een open multi-chain blockchain platform. Komodo biedt een de mogelijkheid aan projecten om hun eigen blockchains maken en tokensales te hosten.

Komodo is een hard fork van Zcash. ZCash is een privacy gerichte fork van Bitcoin.

De roots van Komodo komen voort uit het baanbrekende werk van Satoshi Nakamoto en het Bitcoin-protocol. Komodo erft de technologie van zowel Bitcoin als Zcash.

De Komodo Smart Chain-software behoudt de inherente privacyfuncties van Zcash. Deze bestaan ​​voornamelijk uit de mogelijkheid om geld om te zetten van een transparant adres naar een privé adres en vervolgens geld over te maken van het ene privé adres naar het andere. De Zcash-technologie zorgt ervoor dat het geld kan worden verplaatst tussen twee privé adressen zonder openbaar gegevens spoor achter te laten.

Dit is een van de krachtigste vormen van blockchain-privacy die er bestaat, omdat de geboden privacy permanent is.

Komodo is een van de pioniers als het aankomt op multi-chain integraties waarbij de roots teruggaan tot 2014. Sinds 2019 richt Komodo zich op het bieden van bedrijfsvriendelijke blockchain oplossingen met de aandacht op veiligheid, schaalbaarheid interoperabiliteit en makkelijke aanpasbaarheid.

Komodo biedt het Antara-framework, welke tools biedt voor end-to-end blockchain ontwikkeling waaronder een aanpasbare, toepassingsspecifieke Smart Chain, compleet met een bibliotheek met ingebouwde modules en een open API voor het bouwen van blockchain applicaties

De munt gekoppeld aan het Komodo netwerk is KMD-token. KMD is een integraal onderdeel van het Komodo netwerk vanwege het dPoW-consensus mechanisme. Het consensus mechanisme zou niet kunnen werken zonder een cryptocurrency.

KMD is mineable, in totaal zal 200.000.000 KMD worden uitgegeven door het netwerk. Net als Zcash (ZEC) worden de munten gedolven middels het Equihash-algoritme. Op dit moment zijn er iets meer dan 120 miljoen KMD in omloop. Naar verwachting zal de laatste coin in 2030 worden gemined.

KMD is begonnen als ICO, de ICO van Komodo duurde van 15 oktober tot 20 november 2016. Één KMD werd aangeboden voor 0.00012908222 BTC, destijds was dit 7747 KMD per 1 BTC of $0,376 per KMD.

De ICO bracht 2639 BTC op, op dat moment omgerekend bijna $ 2 miljoen. Precies 100.000.000 KMD werd uitgegeven tijdens de crowdsale en 90% van de munten werd verkocht aan investeerders. De resterende 10% werd toegewezen om de ontwikkelings- en marketingkosten van Komodo te dekken.

KMD bezit positie #70 in de top 100 gebaseerd op marktkapitalisatie. De totale ROI is 477%. Momenteel zijn er 120 miljoen van de 200 miljoen KMD in omloop. De ATH bedraagt $11,61 op 21 december 2017. De ATL bedraagt $0.002143 op 13 maart 2017.

Het Komodo team van ontwikkelaars is druk bezig en heeft het afgelopen jaar een aantal mooie prestaties neergezet. Zo heeft het team in maart 2019 Dilithium ontwikkeld, een blockchain-module met kwantum beveiliging die is gemaakt met het Komodo Antara Framework. Hierdoor is Dilithium compatible met ieder ander project is gebouwd op het Komodo-ecosysteem.

Later in het jaar lanceerde Komodo AtomicDEX, een wallet en exchange in één. Hierop kan er tussen peers met elkaar worden gehandeld.

Een aantal andere ontwikkelingen gerealiseerd door het Komodo team zijn nSPV, een eenvoudige betaling verificatie technologie, het Adaptive Proof of Work (APoW) consensus mechanisme, AtomicDEX-tests en de upgrade naar Komodo v0.5.0 met DeFi-oplossingen.

De rest van 2020 zal het Komodo team de focus vooral leggen op de Komodo Core, het Antara Framework en AtomicDEX verder uitbreiden.

De Komodo Core is de ‘core’ van het project en heeft constant aandacht nodig om optimaal te kunnen werken.

Een aantal focuspunten zijn het verbeteren van de efficiëntie en daarmee het verhogen van de prestaties.

Het Antara Framework is de applicatie voor de ontwikkeling van op Komodo gebaseerde Blockchains. Een van de speerpunten in de roadmap is de herziening en optimalisatie van het Antara Framework.

De gedecentraliseerde exchange en wallet in een van Komodo was een van de grote lanceringen van het platform in 2019. In 2020 zal deze worden bijgewerkt, verbeterd en nieuwe diensten aanbieden om aan de behoeften van zijn gebruikers te voldoen.

Het bericht Coin of the Week: Komodo (KMD) verscheen eerst op Bitcoin Meester.

Bitcoin’s kopen? Simpel, zeker en snel bitcoinmeester.nl.

The blockchain revolution began with Bitcoin and went on to produce other kinds of blockchains. While Bitcoin focuses on being a peer-to-peer currency, other blockchains such as Ethereum focused on being a platform that enables contracts and utility purposes. Being a new technology and a decentralized model comes with a lot of challenges. While some wait for the top blockchain projects to optimize before utilizing them, others embrace new cryptos that seems to have innovative use cases and great problem-solving potential.One of the blockchain projects that has arisen to challenge the top blockchain projects is Komodo, a blockchain platform designed to serve blockchain entrepreneurs as well as the average cryptocurrency investor. Komodo focuses on security (its security mechanisms are as strong as those of Bitcoin), scalability, interoperability, and adaptability (to stay compatible with future improvements).A notable feature of Komodo is that it enables crypto miners with average equipment to compete equally with those who have expensive, specialized equipment like ASICs (Application-Specific Integrated Circuits) through its consensus mechanism. Those who wish to spawn a blockchain with Komodo can between Equihash or Verushash, the later being ASIC resistant. Komodo is a fork of Zcash and Zcash is a fork of Bitcoin.Komodo is an interoperable privacy blockchain with open-source infrastructure that empowers developers and businesses with end-to-end blockchain solutions. This means developers can create their own blockchain projects (or independent blockchains), crowdfund, launch, and integrate with other projects in the crypto industry through the decentralized exchange (via atomic swaps).One of the functions offered on the Komodo platform is the capacity to launch new independent blockchains. This is made easy to launch, requiring just 2 Komodo commands. The new coin then exists on a separate chain that is “backed up” on the Komodo main chain.With DICO, coins are distributed across many nodes on the Komodo blockchain, making it almost impossible for a large number of coins to be concentrated in the hands of a small number of people. DICO directly connects to the decentralized exchange, BarterDEX, for ease of trading after the crowdfunding. Also, participants in the DICO can be anonymous via the privacy feature, Jumblr.Komodo hosts one DICO at a time, and the first project to use this service was Monaize, a mobile e-banking platform.BarterDEX is Komodo’s decentralized exchange, and it allows the trading of cryptocurrencies without counterparty risk. BarterDEX uses atomic swaps in place of proxy tokens commonly used by centralized exchanges. Centralized exchanges carry counterparty risk, as trading relies on the exchange that actually holds the coins.To solve the problem of liquidity that decentralized exchanges are often faced with, BarterDEX has 2 separate types of nodes that run the network. The first is a full-relay node that provides liquidity by being a high-volume trader, in exchange for being a trading hub on the network. The other is the non-relay node which has all the trading options as a full-relay node, but is limited in the connections it can make with other users. There are incentives (such as having a higher chance to complete a trade) that encourage becoming a full-relay node, as the network is dependent on them for liquidity.The BarterDEX supports coins based on the Bitcoin protocol, ERC-20 tokens, and SPV Electrum-based coins.The Komodo platform uses Delayed Proof-of-Work (dPOW) consensus algorithm, developed by Komodo’s team of developers. It is attached to Bitcoin’s Proof-of-Work protocol, and Komodo network transactions are “backed up” on the Bitcoin POW. Likewise, independent blockchains in the Komodo ecosystem are backed up on the Komodo mainchain. The dPOW looks to the “backed up” records on the Bitcoin POW to resolve any conflict for transactions older than the most recent backup. Hence, it does not follow the Longest Chain Rule that basically says that the chain with the most blocks wins disputes.The dPOW has 2 types of nodes: notary and normal. Notary nodes make it possible for transactions to be published on the “backup” consensus chain (which in this case is Bitcoin blockchain). Normal nodes read and validate transactions on the dPOW chain.The diagram below shows the Delayed Proof-of-Work architecture.For an attack to be successfully carried out on Komodo, the attacker has to infiltrate the Bitcoin blockchain to be successful. This makes the Komodo blockchain, as well as all chains based on Komodo, very secure.Jumblr, according to the Komodo whitepaper, is a technology that allows users to anonymize their cryptocurrencies. Users have the option of using it to make their transactions anonymous.In a simple form, Jumblr takes a non-private fund from a non-private address and sends it through a series of private and non-traceable zk-SNARK addresses. This disconnects the money trail and anonymizes the funds. The funds are then sent to the user’s new transparent address. The average fee to use Jumblr is 0.3% (paid using KMD coins). This function can also be used on BarterDEX to anonymize trading transactions.The history of Komodo traces back to a project known as SuperNET. SuperNET was created in 2014 to build services on the Nxt blockchain. Unfortunately, changes were made to the Nxt blockchain by its developers without carrying the SuperNET team along. This led to the 2016 event where the lead developer of SuperNET, James “Jl777” Lee disavowed from the Nxt blockchain. Komodo started in 2016 with James “Jl777” Lee declaring independence from “any single blockchain” after an event that frustrated his then project, SuperNET. As a result of this experience, Komodo was founded on the principles of freedom and autonomy. The goal of the Komodo platform was to create an independent blockchain architecture without the imperfections of a single-blockchain platform model.Komodo is an evolution of the BitcoinDark cryptocurrency. The platform was initially forked from Zcash.The Komodo team is made up of the management, development, administration and support, and marketing teams. The management team consists of the Kadan Stadelmann (CTO), Ben Fairbank (General Manager), Saddam Hossain (Support Manager), and Steve Lee (CMO). The development team is led by the founder, James “Jl777” Lee, working with 23 other developers and engineers.Komodo has a team of 10 people in administration and support, and 8 people in marketing. Advisors of Komodo include Michael J. Toutonghi (former VP of Microsoft) and Dr. Sajib Datta. In addition, Komodo is supported with dozens of volunteers. Since the launch of the platform in 2016, the team has been working diligently to make the platform reflect their vision. In September 2018, the project reached a significant milestone with the 1 millionth block mined, with more exciting developments to come.On December 15, 2018, Komodo successfully hard-forked more than 40 blockchains at the same time with no issues. This demonstrates the impact of technological improvements on the Komodo platform since it launched. This upgrade by Komodo was truly groundbreaking and is acclaimed as the largest single upgrade performed by a blockchain thus far.The Komodo platform has scheduled a rebranding, which is said to be coming soon. The extent of the rebranding is uncertain, but it will definitely involve a change in the website and hopefully make Komodo more of a household name. Other developments expected include UTXO-based smart contracts, Delayed Proof-of-Work security services, cross-chain smart contracts, and scaling solution with the ability to process 1 million transactions in a second.Komodo stands out because it addresses several blockchain issues such as privacy and smart contract platform, all in one blockchain. As a platform for smart contracts, it competes with projects such as Ethereum and NEO. As a privacy coin, it is in competition with Zcash, Monero, and Dash.Komodo is the first platform to introduce a decentralized ICO. However, offering a DEX is a service they share with other platforms such as Ethereum, BitShares, and Waves.The KMD coin is the official cryptocurrency of the Komodo blockchain. It has a fixed supply of 200 million coins. Out of this, 100 million was pre-mined and distributed during the ICO, with 90 million for investors and 10 million for the platform development. The other 100 million is still being mined. However, many coins are lost or where never claimed after mining, meaning that this number could be much lower. The ICO took place October 15, 2016, and ended on November 20, 2016, raising about 2,639 bitcoins (which was then worth about $1.98 million).KMD coin holders receive up to 5% interest on the coins they hold each month. All that is needed to activate this interest is to send the coins from one address to another. You need to hold the coins in a wallet — not an exchange — to earn this interest. The interest will cease once the total number of coins have been mined, which is expected to happen in about 12 years.KMD coins can be bought and traded on Binance, Bittrex, Upbit, and several others. The coin can also be stored on the Komodo wallet, Agama. The KMD coin can also be stored on the Ledger Nano S.The Komodo platform incorporates a lot of big ideas in the blockchain space. The most interesting part of it is that the project seems to be keeping up with the bar it has set for itself. Its robust security and decentralized structure make it desirable for projects eyeing a move into blockchain.As the crypto community expects to rise again after the 2018 bear market, sound projects that have made significant progress despite the bear trend are expected to thrive going forward. Hot News David is a tech and crypto enthusiast who enjoys making complex things look simple. When not reading or writing on crypto, he is analyzing a critical subject to simplify for other people. He plans to be one of the most respected voices in crypto in a few years. He lives on the internet.You write amazing articles keep up the good work ✊🏾Me and my team have prepared a nice infographic about Komodo. You can check here – https://www.cyberius.com/komodo-infographic-contest/This site uses Akismet to reduce spam. 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