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Komodo is an open-source blockchain platform that aims to provide advanced features for creating and managing blockchain-based solutions. It utilizes a unique consensus mechanism called Delayed Proof-of-Work (dPoW), which provides a high level of security by periodically notarizing Komodo's blockchain onto the Bitcoin blockchain. This ensures that Komodo's network is not only resistant to attacks but also benefits from Bitcoin's robust security infrastructure. KMD is the native currency of the Komodo ecosystem and is used for various purposes, including transaction fees, staking to earn rewards, and securing the network through the dPoW mechanism.

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FAQ

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Yes. Your private keys are encrypted on your device. You control your funds.
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Yes. You can swap supported assets via integrated exchange providers.