$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.
Crypto Mining: What’s Most Profitable in 2019. March 14, 2018 8:00 am by Steve Walters. 26,100 Investors read this. When bitcoin first appeared on the scene in 2009, it was mined using the CPU (central processing unit) in any basic computer. That lasted for a couple years until miners learned how to use the more powerful GPU (graphics processing unit). While it is still possible to mine ... All you need to do is enter some details and the calculator will show you which is most profitable out of BTC, XMR, DASH, ETH, ZEC, LTC, ETC, and PASC. Other calculators will show the profitability of other coins too. Finding out what to mine using the crypto compare mining calculator is easy. I’ve detailed the steps below: Enter the total hashing power (hash rate) of your mining rigs. Each ... The model is the most powerful graphics processing card ideal for mining Cryptocurrencies. Due to its high performance and specification, it also ranks as the best gaming card among the gaming community. It is the most powerful GPU, second to Radeon VII and caters to most of the Crypto mining needs. The GPU has a total capacity of up to 11GB of ... Mining costs: This is arguably the most crucial aspect of the debate; to determine profitability, bitcoins earned must exceed the equipment required. Although mining was once easy to perform on personal computers and from home, the scope of mining has now expanded. It now requires the latest tech equipment, especially the ASIC (Application-specific integrated circuit) chips. Now the majority ... Chart 2 – Countries with the cheapest electricity At first sight it may seem that the mining farm should definitely be opened in the countries indicated in the above table. However, to choose the proper location for mining, it is necessary to take into account not only the cost of electricity, but also a lot of other factors , including security, legislation in the sphere of crypto economics ... 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 ... DETERMINING THE COST IS COMPLEX. In the article, the mining pool notes that there a wide range of individual variables determine mining profitability.Poolin has created a mining profit estimator that breaks down these factors to better understand which rig is the best value.. Example as shown: It is important to note that electricity costs vary widely from place-to-place, and are the most ... Start mining Bitcoin Cash or Bitcoin today! Supercharge your mining potential . Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. Sign up now Log in. Mine Bitcoin. We offer BTC and BCH mining. You can also choose to automatically mine the most profitable coin. Cloud Mining. Start mining immediately with our ... GPU mining for Ethereum is more efficient than mining with Bitcoin with an ASIC machine. You can think of it as though the miners are a decentralized Paypal. Allowing all the transactions to be recorded accurately and making a bit of money for running the system. Bitcoin miners earn bitcoin by collecting something called the block reward plus the fees bitcoin users pay the miners for safely ... The following list of cryptocurrencies are being compared to Bitcoin mining to determine if a cryptocurrency is more profitable to mine than mining Bitcoin. The cryptocurrency profitability information displayed is based on a statistical calculation using the hash rate values entered and does not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, a pool's ...
Binance Launches Crypto Mining Pool Amid Centralization Concerns
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