Universal Peer to Peer Exchange
All tokens issued on our platform will be available on our decentralized exchange and multi-coin wallet.
Through ‘BarterDEX’ technology we have developed decentralized orderbooks that initiate Atomic Swaps through light-weight Electrum servers. The result is a basis for a secure and universal decentralized exchange.
Delayed Proof of Work (dPoW)
In this whitepaper we discuss a completely new cryptocurrency consensus mechanism, that is as secure as the proof-of-work blockchain to which it attaches itself to (In this case: Bitcoin), but does not require computing power and energy to be wasted. This system is called Delayed Proof of Work (dPoW) and is achieved by notarizing blocks created in the initial blockchain on the Bitcoin blockchain, ensuring that once the information is engraved on the Bitcoin blockchain, it would be required both blockchains in question to be compromised.
Decentralized Fiat Currencies
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.