Komodo CTO Warns That Bitcoin Is Becoming Too Centralized, Here’s Why
Kadan Stadelmann, the Chief Technology Officer (CTO) of Komodo, an open-source technology workshop, has raised concerns about the increasing centralization of the world’s largest cryptocurrency, Bitcoin. Stadelmann asserts that the rising centralization poses a threat to the fundamental principle of BTC as a decentralized digital currency. Centralization Poses Existential Threat To Bitcoin According to Stadelmann, a […]
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Blockchain technology has brought us unparalleled tools that allow us to achieve some degree of financial freedom. However, several aspects of cryptocurrency force us to pick and choose which features we value the most: efficiency, privacy, stability, speed, etc. However, it does not have to be like this. The Komodo Platform has put tools in place that can help cryptocurrencies achieve mass adoption and consumer satisfaction by allowing users to benefit from all the advantages that they provide without the need to sacrifice what they like best about national currencies. Privacy and....
ZCash-based Komodo (KMD) recently started its public ICO to raise funds for development, and ended up bringing in more than 1000 bitcoin on the crowdsale’s first day. At press time, that funding amount is worth around $648,220 USD. One contributing factor to this large initial success was that the team offered investors a 25 percent bonus for buying into the project on the first day of the ICO. According to a press release, the project’s developers will use funds from the ICO to continue work on the cryptocurrency, the main selling point of which is its ability to send anonymous....
By using the features provided by Komodo platform, other cryptocurrencies can easily improve their adoption while ensuring customer satisfaction. As repeated many times in the past, not all cryptocurrencies are made equal. But Komodo, the ZCash based platform is going to change that. Following its “Blockchain for Everyone” mission, the platform now enables other cryptocurrencies to make use of its infrastructure for additional security and reliability. By using the features provided by Komodo platform, other cryptocurrencies can easily improve their adoption while ensuring customer....
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