Komodo’s technology vision is anchored in the 4 Pillars of Blockchain Technology: security, scalability, interoperability, and adaptability. This post will highlight the adaptability of Komodo’s technology.
Rigid Technology Prevents Mass Adoption
Over the last ten years, the blockchain space has exploded and grown into a global industry. One of the biggest steps towards the mass adoption of blockchain technology was the development of blockchain platforms.
However, the first generation of blockchain platforms has severe limitations. For starters, the first-gen platforms are really just a single blockchain with the ability to support smart contracts, tokens, and decentralized applications.
Smart contracts, tokens, and dApps are essential but the single, shared-blockchain model forces all the projects built on a first-gen platform to share the same underlying infrastructure, leading to crippling congestion. This lack of scalability nearly makes the tech obsolete— if a platform can’t practically host complex dApps, then what good is dApp support to begin with?
Moreover, most first generation blockchain platforms offer one-size-fits-all solutions. There are very few opportunities for customization. It doesn’t matter if you’d like to use blockchain tech for supply chain management or proof of ownership or digital security tokens, there is just one path for you to work with. No optional features to choose from, no modular additions to build with.
Lastly, nearly all of the first-gen blockchain platforms have strict vendor lock-in. This means that once a project chooses to build on a platform, they’re stuck there. There is no easy path for migrating to a different platform so moving to a new platform would mean starting the project over from scratch.
If a platform becomes deprecated, or if the platform’s development team chooses to make critical changes to the platform that make the it unusable for some projects, there is really no choice but to throw all of that hard work away and start building from the ground up again.
As a next-generation blockchain platform, this is where Komodo comes in.
Customizable Solutions With Modular Features
Komodo’s multi-chain architecture gives every single project that builds within the ecosystem a dedicated, customizable blockchain with independent infrastructure. Independent blockchains come with a series of customizable features, including a choice of premine, total coin supply, hashing algorithm, block rewards, block halving times, optional private transactions, and more.
In addition to enabling you to customize your own independent blockchain, Komodo’s technology allows you to choose from a series of modules to employ. From Komodo’s Blockchain Security Service and Komodos’ industry-leading atomic swap technology to UTXO-based smart contracts and tokenization, Komodo lets you create customizable solutions to meet your individual needs.
Continuous Open-Source Development
Development never stops at Komodo. With an established commitment to innovation, Komodo is constantly improving upon what is already some of the world’s most advanced blockchain technology.
All of Komodo’s technology is open-source. This means two things.
First, it means that Komodo shares its technology with the entire blockchain industry. Any project access and leverage Komodo’s code to continue building and innovating upon it.
Second, Komodo’s open-source philosophy means that the code can be inspected by anyone— an individual developer, a consultancy organization, a security audit firm, or any other person with the technical capability to read the code. Komodo’s technology does exactly what we say it does and this is independently verifiable.
The product of such a thriving, open-source ecosystem is a blockchain platform that continuously adapts to overcome new challenges. The technology will never become obsolete because it is in a constant state of evolution and improvement.
Future-Proof Blockchain Technology
Komodo is emerging as the world’s premiere blockchain ecosystem in which to build. Every project that builds with Komodo’s technology receives a customizable, dedicated blockchain with independent infrastructure. A series of optional modules allow users to further customize the project. With Komodo’s scalability features, additional blockchains can be added to increase performance linearly whenever it’s necessary.
Despite all of these remarkable advantages, you might want to migrate away from the Komodo ecosystem at some point in the future. No problem. There is no vendor lock-in at Komodo. Each blockchain— and the underlying independent infrastructure that supports it— belongs to the project that created it and anyone can choose to leave Komodo at any time.
However, it’s very unlikely that you’ll want to leave the Komodo ecosystem. As the Komodo development community continues to innovate cutting-edge solutions, every new feature and technology is automatically shared throughout the ecosystem. Think of it as free, automatic updates to keep your project at the forefront of the blockchain industry. It makes Komodo’s technology future-proof and provides you the investment protection you need to build with peace of mind.