Komodo (KMD) is a decentralized, open-source end-to-end blockchain and cryptocurrency platform that allows developers from any industry to perform transactions anonymously. Its secure ecosystem is cheaper than Bitcoin, so it attracts small businesses and start-ups at an affordable price. In 2014, an unknown organization led by someone going by the alias JL777 forked Zcash to create the Komodo platform. Komodo is a fresh addition to the enormous cryptocurrency market. It was created to help blockchain entrepreneurs and typical crypto investors. As a result, the community has made a hopeful and enthusiastic gesture. And we do business in a secure environment. What is a Komodo coin? Komodo Coin, often known as Komodo (KMD), is a privacy-focused decentralized cryptocurrency that promises to be safer, faster, and easier to use thanks to its own ecosystem. It is said to combine Bitcoin’s security and Zcash’s anonymity. It works on the basis of Deferred Proof of Work. Komodo is a revolution The Delayed Proof of Work (dPoW) technology is used in Komodo blockchain systems. This is an example of zero-knowledge proof in action. Below is a more detailed explanation – ZCash – It is a cryptocurrency that operates on the zk-SNARK technology. This zero-knowledge proof ensures that any cryptocurrency’s privacy, anonymity, and fungibility are preserved. Komodo also employs this protocol for private transactions. Delayed Proof of Work (dPOW) – The PoW network, provides all of the necessary security, but it also serves as a storage space for Komodo transaction backups. It provides safe immunity, but only in the short term. According to their whitepaper, in order to hack a transaction, the Bitcoin blockchain must be changed. To mitigate the possibility of it continuing in the same manner, 64 pre-selected notary nodes notarize the blocks on the blockchain. The SuperNET – The new cryptocurrency sector is moving forward with the help of updated decentralized tools such as multi-coin wallets, decentralized exchanges, price stability products, and other resources such as infrastructure and software apps provided by SuperNET. The following are some tools that have been created. dICO – it is a decentralized kind of ICOs that Komodo raises. It enables independent entrepreneurs to launch a blockchain product without being disrupted. Through the exchange, BarterDEX, dICO enables the release of the product in a certain fashion that eliminates key difficulties such as whales, hackers, and human errors. BarterDEX – This is a step up from other decentralized exchanges since it is driven by the new technology of atomic swaps. More than 50,000 swaps have been powered, and 80 coins have been incorporated into their DEX. Jumblr – It charges.3 percent for anonymity as a decentralized coin mixer, which is far less than other mixers. What is KMD? Komodo’s native currency is KMD, which embodies their community ideals and objectives by providing extra protection and autonomy. It was launched to the crypto globe in 2014, and they are building peer-to-peer with their satisfied advancements. It was created by jl777 and was raised from BitcoinDark (BTDC). It is guarded using PoW and dPoW, and it guarantees protection from approximately 51% of attacks. The KMD structure The block size is 4 MB, the block duration is 1 minute, and the block reward is 3 KMD. (During future halving events, block rewards will decrease from 3 KMD to 2 KMD to 1 KMD. At that point, block rewards will be permanently capped at 1 KMD. The entire supply is close to 124 million, but the maximum supply might reach 200 million. The Komodo coins can be converted into 32 other currencies while keeping their market value. However, KMD’s demise was caused by a failure to comprehend the need for trustworthiness How to Invest in Komodo Cryptocurrency Komodo tokens can be traded for BTC, LTC, ERC-20, ZEC, ETH, and other cryptocurrencies. Komodo can be purchased on a cryptocurrency exchange such as WazirX or Bitbns. To purchase Komodo Coin, one must first open an account on one of these exchanges. Komodo Coin can be purchased with a credit or debit card that has sufficient funds. The account creation process requests basic information from the investor, such as name and bank account information. For verification, one may be required to upload a Pan Card. Wallets of Komodo Komodo Paper Wallet — Because they use the same address structure, any digital asset generated on Komodo’s multi-chain network can be kept here. Ledger Nano S wallets — The private key in this wallet never leaves the device. Komodo can be purchased from anywhere in the world. Agama Wallet – Komodo created a desktop wallet called Agama Wallet. It is compatible with Mac(OS), Windows, and Linux. It contains built-in technology that facilitates exchanges and serves as a multi-coin wallet. AtomicDEX — Like KMD, it can save any digital material on desktop (Mac, Windows, and Linux) and mobile devices … Continued
The Gensyn Protocol Trustlessly Trains Neural Networks at Hyperscale with Lower Order of Magnitude of CostLinks: Gensyn website, Litepaper, CoinFund Portfolio, TechCrunch Article LinkInvestment Thesis SummarySecular...
Seoul, Korea, Mar 17, 2022 - (ACN Newswire) - ALTAVA Group is proud to announce the partnership with the Sandbox to launch exclusive NFT collection for both metaverse. THERE'S no denying that the metaverse and Web3 is a big deal right now and a new collaboration is about to elevate the luxury fashion industry to new heights within this fascinating arena. ALTAVA Group, a metaverse company that stands at the intersection of technology and fashion, are incredibly excited to announce their partnership with metaverse gaming giant The Sandbox to launch an exclusive NFT collection.
What makes the partnership so unique? It will provide those who purchase the NFT collection in the NFT marketplace the ability to use it in both The Sandbox and ALTAVA Worlds of You metaverse. The collaboration will undoubtedly amplify ALTAVA to even bigger levels and is set to become the best fashion metaverse.
The NFT collection will leverage ALTAVA's experience of digitizing and tokenizing assets for high-end luxury brands including Balmain and Prada to create the most coveted PFP and avatars in The Sandbox metaverse for the lucky owners.
ALTAVA also purchased LAND on The Sandbox where users will be able to interact with ALTAVA's partners, including some of the world's most famous and sought-after fashion brands. This will allow PFP characters to play mini games and participate in exclusive NFT/product drops with some of their most highly desired brands in the fashion industry within The Sandbox. The LAND purchase will even offer opportunities for a Luxury Fashion Town, art exhibition spaces, galleries and fairs.
Sebastien Borget, co-founder of The Sandbox comments: "We believe that ALTAVA x The Sandbox Exclusive Season 1 NFT Collection and their upcoming ALTAVA LAND in The Sandbox will add a unique luxury fashion experience to our rapidly expanding community and ecosystem."
Partnering with The Sandbox marks a huge milestone in ALTAVA Group's journey and will feature a number of enticing benefits in its own high-fidelity metaverse; ALTAVA Worlds of You, including the ALTAVA Market. Here, users will be able to interact, purchase, and resell tokenized luxury fashion products as well as using their NFT and avatars.
One of the hottest talking points in blockchain and the metaverse is the concept of interoperability - the ability to unify economies, avatars and systems across worlds. This is also what makes the ALTAVA and The Sandbox partnership so cutting-edge.
Andy Ku, CEO of The ALTAVA Group comments: "We expect to be able to create a real-life case of interoperability, which is one of the biggest topics in blockchain and metaverse. We will continue to expand to other blockchain-based metaverse, starting with collaboration with The Sandbox."
ALTAVA held successful private whitelisted sales in the NFT marketplace that ended on March 03, 2022 with over 2000 NFTs sold.
The ALTAVA x The Sandbox Exclusive Season 1 NFT Collection will launch on March 24, 2022.
Users can visit the ALTAVA website on March 24, 2022 to mint the new collection and sell it on Open Seas (URL).
For further information, quotes or interview requests please contact Jihee Cho at email@example.com
Popular singer and entrepreneur Rihanna filed for an application to offer products in the Metaverse after she conquered the physical world already so let’s take a closer look at today’s latest altcoin news. According to the US Trademark attorney Josh Gerben, the singer Rihanna filed for an application to offer her company’s products in a […]
The Sandbox (SAND) has announced its partnership with Singapore-based ALTAVA Group to bring luxury fashion and retail in the metaverse. ATLAVA Group digitizes high fashion branded assets to build customized virtual experiences within ALTAVA Worlds of You, its own gamified social commerce platform. The company also sells a range of luxury fashion and lifestyle branded NFTS in its native ALTAVA Market. 📣 @altavagroup X #TheSandbox – collaborating to expand luxury fashion and lifestyle brands partnerships in the #Metaverse 👗 Read here for more on this partnership 👇https://t.co/MVredS1ooA — The Sandbox (@TheSandboxGame) March 17, 2022 Fashion in the Metaverse With Sandbox, the fashion company plans to showcase their mini-games, luxury fashion town, and art exhibition along with future NFT drops with a metaverse experience. The LTAVA Group-owned LAND will also allow users to virtually experience various luxury brands and offer interoperable assets available on both platforms. Most recently, ALTAVA Group launched their own PFP NFT collection pre-sales, Second Skin: Metamorphosis, while a total of 6,765 nature-inspired 3D avatars will go on sale on March 24th. The Sandbox (SAND) is up by over 9.4% in the past 24 hours and currently trading at an average price of $3.23, at the time of writing. At the present, the token ranks 36th with a market capitalization of $3,638,749,996.
With blockchain technology evolving at an unprecedented rate, you’ll often notice new terms thrown around the internet and social media forums. “Web 3.0” and “metaverse” are two such terms hanging on the tip of every tongue these days. As the world struggles to familiarize itself with the fundamentals of concepts that are still a long […]
The Canadian dollar has extended its gains into a second day. In the North American session, USD/CAD is trading at 1.2697, down 0.52% on the day. Canada’s inflation accelerates Canada’s inflation rate shows no signs of slowing down. Headline inflation rose 5.7% YoY in February, the largest jump since August 1991. This beat the estimate […]