Komodo (KMD) Price, Charts & Market Data

One of Komodo's hallmark features is "delayed proof of work" (dPoW), a consensus mechanism that allows the Komodo blockchain to secure itself by leveraging the robustness of the Bitcoin blockchain. This adds an additional layer of security, safeguarding the network against potential attacks.

Komodo's versatile platform supports the development of independent blockchains, each with customizable consensus mechanisms. This flexibility makes it suitable for a wide array of applications, including the deployment of decentralized applications (dApps) and the execution of secure token sales. The Komodo token (KMD) serves multiple functions, such as covering transaction fees, powering dApps, voting for Notary Nodes (dedicated validating servers), and even earning users a 5% active user reward without requiring staking or locking of funds.