Komodo to Develop Atomic Swaps with New Partnerships

Komodo has announced its partnership with Populous platform and ValueNet Capital, a venture capital fund based in Beijing
27 March 2018   924

Komodo is a platform which is expanding into the blockchain network powered by Atomic Swap Technology. We should remind our readers that atomic swap is a feature in cryptocurrencies, that allows for the exchange of one cryptocurrency for another without the need for a trusted third party.

We have already shared some news regarding the implementation of atomic swap technology, for instance it was successfully used with Komodo and Bitcoin Cash in December 2017. And on March 26, 2018 the team at Populous have announced its partnership with Komodo decentralised platform. 

populous and komodo cooperationPopulous and Komodo Cooperation

As Ben Fairbank, the General Manager at Komodo stated, the platform believes that partnership with Populous will enhance their offerings with the introduction of Atomic swaps. This should be a nice example of the flexibility of the technology to work across platforms. The atomic swaps technology will enable participants to contribute in Populous’ gold liquidity pool.

What is more, on March 27, 2018 Komodo Platform has announced a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The cooperation will reportedly focus on decentralized initial coin offerings.

Valuenet capital and komodoKomodo and ValueNet Capital Cooperation

As it was stated on the official website of Komodo platform, the partnership agreement between Komodo Platform and ValueNet Capital is live from March 23, 2018 and is effective until both parties decide to terminate the agreement.

While ValueNet will provide risk assessment and strategic consulting, Komodo Platform will apply its technical expertise to ensure all dICOs are launched securely and successfully.
 

Komodo Platform Announcement

Moreover, on our website you can read about the Supernet migration from NXT over to Komodo Assets Chain.

Cardano Hardfork to be Announced

During the upgrade, aimed to update the Cardano consensus algorithm, the Ouroboros Bizantine Fault-Tolerant protocol will be implemented
21 January 2020   97

The head of the blockchain company IOHK, Charles Hoskinson, spoke about plans to hold Cardano hard fork in mid-February. He said this during a stream on YouTube.

Hardfork aims to update the Cardano consensus algorithm. During the upgrade, the Ouroboros Bizantine Fault-Tolerant (OBFT) protocol will be implemented.

What changes will occur after the implementation of OBFT, the head of IOHK did not explain. At the same time, he noted that the integration of Ledger hardware wallets with Daedalus wallet software will soon be implemented.

At this stage, the project is negotiating with exchanges, as well as checking the readiness of the infrastructure. Nevertheless, according to Hoskinson, "everything is going well" and they do not plan to postpone the hard fork.