As a nice long term investment does Komodo offer cutting-edge advantages over competitors?
Komodo has many use cases, which we will need to better highlight
- Blockchain security layer (other blockchains can connect to Komodo via dPoW consensus, currently about ~43 of our own blockchains are utilizing this feature)
- Bitcoin anonymizer (Iguana jumblr uses Komodo's Z-transactions)
- KMD can be transformed into 32 different SuperNET PAX Assets that are pegged to local currencies
We are building a platform for developers, and Komodo is in a central role as the infrastructure blockchain. Whenever an app needs privacy technology it makes sense to use Komodo.
In many cases though, Komodo is there on the background and the users might not even realize it. For example, the Jumblr that we are now testing can be used to anonymize bitcoins, and its users might not know that under the hood it uses Komodo.
Let's say you are a developer and you want to build a simple bitcoin wallet with 32 fiat pegged assets in it. You could do that today (and we have), and it would be using Komodo even if the developer wouldn't really care about Komodo. The app would have to transform the BTC into KMD via our DEX, and then issue a 'PAX deposit' command to transform the original BTC balance into USD (for example). The end user using the app would be unaware that he in fact purchased KMD behind the scenes and that the USD he now hold actually reduced the available KMD supply by locking them inside PAX.
Similarly some bitcoin enthusiast might know nothing about Komodo, but would still happily login to Iguana wallet to anonymize his BTC. He would start the Jumblr process and behind the scenes his BTC is temporarily transformed into KMD via our DEX, and then the app does a Komodo Z-transaction before finally returning the anonymized BTC back to the user. [and this all without any counterparty risk]
These features are not a distant 'vision' or 'roadmap', but rather the next milestone we are looking to reach within the next few months.
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