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Whitepapers

The Komodo Ecosystem is a vast project. We are in the process of creating one whitepaper that brings the ecosystem's vision together into one downloadable pdf. In the meantime, here are four individual whitepapers that, together, explain the foundational modules of the Komodo project.


The BarterDEX

A decentralized, open-source cryptocurrency exchange, powered by atomic-awap technology

This whitepaper is a detailed explanation of the BarterDEX protocol — a decentralized method of exchanging cryptocurrencies via atomic-swap technology, without counterparty risk. The creation of this protocol is part of a larger open-source project known as Komodo.

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Jumblr

A fully decentralized anonymizer built for the komodo ecosystem

This whitepaper is a detailed explanation of Jumblr — an open-source and fully decentralized cryptocurrency anonymizer. Jumblr is integrated into a larger open-source project known as Komodo.

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Delayed Proof of Work (dPoW)

In this whitepaper we discuss a completely new cryptocurrency consensus mechanism, that is as secure as the proof-of-work blockchain to which it attaches itself to (In this case: Bitcoin), but does not require computing power and energy to be wasted. This system is called Delayed Proof of Work (dPoW) and is achieved by notarizing blocks created in the initial blockchain on the Bitcoin blockchain, ensuring that once the information is engraved on the Bitcoin blockchain, it would be required both blockchains in question to be compromised.

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Decentralized Fiat Currencies

A bridge between the old centralized and the new decentralized financial infrastructures will help accelerate blockchain adoption. It is possible to create decentralized fiat payments by creating a decentralized cryptocurrency that is pegged to local currency. The pegged fiat currency is automatically converted into another cryptocurrency that has market value. The prices are recorded on the Komodo blockchain, and all the nodes use the information to maintain a universal price consensus of each fiat currency.

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