I N T R O D U C T I O N T O K O M O D O
The Komodo project focuses on empowering users with Freedom through
blockchain technology. There are many forms of Freedom that Komodo can provide,
and we are currently focusing on empowering two types of users: the blockchain
entrepreneur, and the average cryptocurrency investor. Together, our community of
entrepreneurs, investors, and other users form an economic ecosystem.
The foundational pillar of the Komodo ecosystem is security. Komodo provides
a unique and innovative form of security that is as strong as the Bitcoin network,
yet does not require the incredible cost. Every member of the Komodo ecosystem
receives the benefits of this security. The investor relies on it for everyday use. The entrepreneur
relies on it to protect their blockchain innovation at a cost that is affordable
even to small businesses and startups.
Another of Komodo’s powerful technologies is a new method of trading cryptocurrencies
directly from one person to another. It is a new kind of "decentralized exchange."
Our decentralized exchange removes all forms of middlemen, vouchers, and
escrow services. It relies on an underlying concept called the "atomic swap", and we
are the leaders in this technology.
Our atomic-swap powered decentralized exchange serves both the investor and the
blockchain entrepreneur.
For the investor, they can trade cryptocurrencies without having to pass through a
centralized exchange, which can be an arduous and even dangerous process. They
also do not have to use an escrow service, voucher, nor even an intermediary
coin—not even Bitcoin. Furthermore, there is no registration process required, nor
are there any withdrawal limits. We currently support approximately 95% of the
cryptocurrencies in existence, including Bitcoin-protocol based coins, Ethereum, and
Ethereum-based ERC20 tokens.
For the entrepreneur, our decentralized exchange enables the release of new products
to the world without middleman involvement. Furthermore, even entrepreneurs
who have previously built other blockchain projects outside our ecosystem can easily
feature their coin on our decentralized exchange. The only requirement is that the
blockchain product have the proper security elements in the core of the blockchain’s
code.
Komodo also has powerful privacy features built into our platform. This allows the
investor to trade and purchase goods and services within their right to privacy. It also
allows the entrepreneur to release their product, and to crowdsource funds, from an
audience that may prefer to maintain this privacy.
There are many other technologies and features in the Komodo ecosystem, and we
are experiencing a rapid growth of both entrepreneurs and investors.
ii
[ June 3, 2018 at 16:15 – WhitePaper – Komodo Platform – version 1.1 ]
This Komodo white paper provides an in-depth discussion about Komodo’s unique
security features, our decentralized exchange, the method of releasing new products
on it, and our native privacy features.
We welcome feedback from our readers. If you have any questions or concerns over
the course of reading this material, please reach out to our team directly. You may
find our contact information on our accompanying website: komodoplatform.com
https://komodoplatform.com/wp-content/uploads/2018/06/Komodo-Whitepaper-June-3.pdf
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