Every business wants to understand how blockchain technology can convert their industry. Many are searching for the best method to dip their toes into this fresh field.
Today, coinmarketcap.com (an industry benchmarking webstek) has a total of 1465 tokens listed. Some people might consider that to be a high number of tokens, but it is not. Ter fact, from our perspective, wij believe that number is not even a fraction of the future total number.
Everyone will want their own native blockchain, which they can be free to control, develop, and utilize.
How do you get your own blockchain?
Te essence, there are three ways to build a blockchain.
- You can code a fresh one from scrape (difficult)
- You can copy (i.e. “fork”) an existing blockchain project (medium difficulty)
- You can use an existing podium to create a blockchain (potentially effortless)
Komodo is a blockchain podium built to provide the third option. Wij provide a service that permits you to create your own independent blockchain. Wij also provide security services that permit you to protect your fresh independent blockchain with Bitcoin-level security.
Komodo: A Native Blockchain Supplier
Komodo is built to supply native blockchains to an unlimited number of businesses. Two of our team members, PTYX and Goldenman, introduced this information ter a latest Youtube vraaggesprek on Blockchainers channel.
A key power that Komodo brings is the capability to seamlessly connect thousands of blockchain projects together, without having one overcharged blockchain project clogging the system. Spil PTYX phrased this te the vraaggesprek: ‘Each independent blockchain project is an island. Wij are building bridges.’
Each independent blockchain project is an island. Wij are building bridges.’
– K. Charles Gonzalez (PTYX)
How do wij compare ter this regard against the most popular project, Ethereum?
Wij are frequently asked how wij differ from Ethereum, ter regards to our capability to listig many blockchain projects together.
The response is that Ethereum does not provide independent blockchains. Instead, Ethereum provides ERC20 tokens. Thesis are representations of smart-contract agreements that determine how the main Ethereum blockchain’s tokens will behave.
This wasgoed an effective solution, so long spil the Ethereum toneel wasgoed not crowded. However, spil the number of ERC20 tokens creating transactions on Ethereum enhanced, the Ethereum network has suffered from scalability and security issues.
Komodo’s Capability to Unite Independent Blockchains is a Unique Advantage
When building on Komodo, you have not an ERC20 token, but your own native and independent blockchain. It’s somewhat similar to having your own main chain of Ethereum, without all the ERC20 tokens running on top of it.
Each project te the Komodo ecosystem is separate and unique. Therefore, if one blockchain’s activity level explodes (like Ethereum’s problematic ERC20 token, “Cryptokitties”), only that one blockchain can practice a slower transaction rate spil a result. All other blockchains ter the Komodo ecosystem proceed to function normally on their independent track.
This provides a significant advantage to businesses that want to establish their own blockchain presence without being negatively affected by other businesses.