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When was KMD coin issued? Learn about the origin of KMD coin in one article

KMD's origins stem from a Bitcoin codebase fork in 2014, with its evolution culminating in the launch of the Komodo Platform and the creation of user-defined AssetChains.

Oct 09, 2024 at 06:23 pm

1. Origins of the Komodo Coin (KMD)

2. Genesis Block and Launch Date:

KMD was first launched on August 25, 2014, as a fork of the Bitcoin Qt (v0.8.6) open-source codebase.

3. Team Behind KMD:

The Komodo Platform was developed by a team led by James "JL777" Lee, a software engineer specializing in open-source distributed ledger technology.

4. Initial Distribution:

KMD was initially distributed through a proof-of-work (PoW) mining process, similar to Bitcoin.
The total supply was set at 200,000,000 KMD.

5. Evolution into a Hybrid Blockchain:

In 2017, KMD transitioned from a pure PoW blockchain to a hybrid consensus mechanism that combines PoW with delayed proof-of-work (dPoW).
dPoW allows for faster transaction confirmation times and improved security.

6. Komodo Platform and AssetChains:

In 2018, KMD launched the Komodo Platform, which enables the creation of independent, user-defined blockchains called "AssetChains."
These AssetChains can leverage the security and privacy features of the Komodo blockchain while retaining their own unique governance and consensus mechanisms.

7. KMD's Use Cases:

KMD is primarily used for securing and shielding AssetChains within the Komodo Platform.
It also supports decentralized finance (DeFi) applications, such as atomic swaps, market listings, and oracle services.

8. KMD's Price History:

Since its launch, KMD has experienced significant price fluctuations.
Its value reached an all-time high of over $7 in January 2018 during the cryptocurrency market bull run.
As of March 2023, KMD trades at around $1.25.

9. KMD's Future Prospects:

The Komodo Platform continues to develop and expand, with new features and partnerships being announced regularly.
The growth of the crypto industry and the increasing adoption of blockchain technology could drive demand for KMD and its services.

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