Komodo Platform’s security mechanism, delayed proof of work (dPoW), helps prevent 51% attacks.
Komodo, a blockchain-based platform project known for its multi-chain technology, added a new feature for the verification of Delayed Proof of Work (dPoW) notarizations, according to its announcement.
The new feature, or dPOW notarizations, would make it easy to know when a particular transaction has received maximum security to avoid the double-spending attacks.
dPoW is also available as a blockchain security service to any UTXO-based blockchains. Currently, Komodo’s dPoW security service is used by several other blockchain projects such as Hush, GAME Credits, and Einsteinium.
Established in 2016, Komodo platform is known for having atomic swap technology, along with innovating UTXO-based smart contract. The project also developed a cutting-edge scaling solution that allows the ecosystem to process more than 20K transactions per second.
In light of this remarkable scaling technology, Komodo has become an Amazon Web Services(AWS) Advanced Technology Partner.
Komodo’s token (KMD) is already trading on major cryptocurrency exchanges such as Binance, HitBTC, Bittrex, and Cryptopia.
by Genta Nakanishi