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Komodo

Komodo KMD

  • Digital currency
  • Privacy
  • Anonymity
$1.91 Price
-10.07% % 24h
-2.05% % 1h
Score
$192,658,544 Mkt. Cap
$3,600,640 Vol. 24h
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Komodo project purpose and description

Short description

KOMODO PLATFORM WILL HELP THE CRYPTOCURRENCY SPACE DEVELOP AND FLOURISH BY PROVIDING SECURITY TO THIRD PARTY BLOCKCHAINS, POWER APPLICATIONS WITH PRIVACY FEATURES, AND PROVIDE THE MEANS TO ACHIEVE PRICE STABILITY IN PEER-TO-PEER PAYMENT SERVICES.

Abstract

A bridge between the old centralized and the new decentralized financial infrastructures will help accelerate blockchain adoption. It is possible to create decentralized fiat payments by creating a decentralized cryptocurrency that is pegged to local currency. The pegged fiat currency is automatically converted into another cryptocurrency that has market value. The prices are recorded on the Komodo blockchain, and all the nodes use the information to maintain a universal price consensus of each fiat currency.

Link to Roadmap: https://komodoplatform.com/infographics/
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