Komodo Working On Custom Consensus Tests - Komodo (KMD) News. Monday, September 24
Komodo Working On Custom Consensus Tests
Decentralized application developers can now test their creation on the Komodo platform according to a release by the A-Team notary node operator for Komodo, Blackjok3r. This is the result of a set notary node testnet scripts developed by the operator for the Komodo platform which for the staked Discord channel’s ongoing testing.
The essence is to test for fungibility between staked chains for week to week testing. However, its purpose is not specifically for the Komodo community but for all dApp developers. These developers will be able to test their applications using a team of experienced and dedicated testers from Komodo while letting the community become aware of the functionality of such dApps.
According to the release, the Komodo Custom Consensus is not just a smart contract. It is a protocol that enables the integration with a UTXO based system in a variety of ways. DApp developers will be able to set a number of conditions, fulfillments and rulesets to determine how they intend to arrive at consensus, according to James Lee, the lead developer of Komodo.
Komodo in An Upswing As A Big Gainer
Komodo had showed an upward trend around thursday last week gaining an impressive 9.99 percent as one of the big gainers at the time. The coin is currently trading at $1.15 and with the bullish sentiment is expected to make more gains. The temporary negative Bitcoin price movement don't seem to make a significant at KMD price as the coin had lost only -1.30% in last 24 hours.
Komodo is presently the 52nd coin according to market capitalization valued at $121 million. A breakdown of the spot market shows that Binance, Bittrex and UpBit are the dominant exchanges for KMD trading 56, 20, 9 and 8 percent respectively.
Despite the fact that analysts such as from Trading View are long on Komodo, the coin has exhibited short term promise and on that needs to keep an eye on.
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