Komodo is an open-source technology provider that offers all-in-one blockchain solutions for developers and enterprises. Komodo builds technologies that enable anyone to launch branded decentralized exchanges, cross-protocol financial applications, and independent blockchains. The project’s flagship end-user application is Komodo Wallet (formerly AtomicDEX) — a non-custodial multi-coin wallet, crypto bridge, and DEX rolled into one app. Komodo Wallet is compatible with 99% of cryptocurrencies in existence and offers the widest cross-chain, cross-protocol trading support of any decentralized exchange.
Komodo Wallet is the third-generation application of Komodo’s atomic swap technology. In 2016, Komodo first implemented Tier Nolan’s idea of atomic swap technology. Since then, Komodo has continued pioneering atomic swap technology and offers the first production-ready atomic swap DEX in the industry. Komodo Wallet's DEX feature is built using a peer-to-peer (P2P) atomic swap protocol with decentralized order books. Developers use the open-source Komodo DeFi Framework to build cross-protocol DEXs, multi-coin non-custodial wallets, initial DEX offering (IDO) portals, and other decentralized applications.
KMD is the community currency for the Komodo ecosystem and is used for scalable, fast, cheap, and secure transactions. In most cases, 0.00001 KMD is sufficient for a transaction to be confirmed within a few seconds. KMD is one of the most actively traded pairs within Komodo Wallet. There is also a 10% trading fee discount for taker orders when selling KMD for another cryptocurrency within Komodo Wallet.
Komodo is the creator of delayed Proof of Work (dPoW) — the industry-leading 51% attack security network. Powered by Litecoin cross-notarizations and backed by a notary node network, dPoW currently secures over 30 production blockchains. Komodo also provides its own native multi-chain blockchain network that enables anyone to launch an independent blockchain called a Komodo Smart Chain (KSC), which runs separately from the KMD chain. Each KSC gets its own coin with zero gas fees and fully customizable parameters. Komodo also offers Komodo Custom Contracts (CCs) — a library of UTXO-based smart contracts for creating advanced dApps on KSCs.