Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner. One protocol that has been gaining traction in February thanks to its alternative approach to achieving cross-chain interoperability is Komodo, an open, composable multichain platform that is home to the AtomicDEX wallet and non-custodial decentralized exchange. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.446 on Feb. 20, the price of …

On Wednesday, Komodo, a multichain architecture network, announced the introduction of 12 protocols on its non-custodial multi-coin software wallet and atomic swap-powered decentralized exchange AtomicDEX. The 12 protocols consist of Avalanche, Polygon, Harmony, Fantom, smartBCH, Ethereum Classic, Moonriver, KuCoin Community Chain, Huobi ECO Chain, Ubiq, Arbitrum and Optimism, with the latter two being wallet-only. After the upgrade, users will be able to swap Avalanche tokens to Polygon, Ethereum to Binance Smart Chain (BSC), etc., and vice versa. Unlike cross-chain functionality, multi-chain enables users to access their crypto without the use of wrapped or proxy tokens, with potentially better security results. …

The characteristically volatile nature of the cryptocurrency market is back in full force on Dec. 2 after the optimism of the past couple of days has transformed into fear and Bitcoin price slid back below $57,000. Despite the pressure being exerted on many of the top cryptocurrencies, several altcoins have managed to buck the trend and post double-digit gains on Thursday. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were WazirX (WRX), Presearch (PRE) and Komodo (KMD). WazirX benefits from listing new tokens WazirX is a India-based cryptocurrency exchange based in India …

Pressured by external forces, two Australian exchanges have begun to delist a number of privacy coins including Monero (XMR) and Bytecoin (BCN). On August 24, YouTuber Alex Saunders tweeted a screenshot of what appears to be an announcement from the Australian exchange, Coinspot. This announcement seemed to suggest that several privacy coins were going to be delisted by August 31: Source: Twitter. Another Twitter user alleged that CoinSpot was not the only one planning to delist privacy coins, claiming that Swiftx, another Australian exchange, was planning to do the same. On the same day, Chainalysis announced that it was partnering …

Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo. "I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed through another medium," Stadelmann told Cointelegraph. "The risk would vary depending on the user’s device, OS [operating system], version, etc.," he added. DEX built on Komodo Constructed on Komodo's network, AtomicDEX is a decentralized exchange working with multiple blockchains, in contrast to other DEXs that only host tokens based on one chain. The DEX …

On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president Trump to prevent the commission from issuing the approval. The controversy arises from the fact that the adjacent bands are used for the Global Positioning Satellites (GPS) which provide essential functionality for the modern military. Chairman Pai assured in his draft order that the approval will not jeopardise proper functioning of the GPS, while making: “...more efficient use …

Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum. From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14 — a 102% increase. KMD/USD 1 Month Chart: Coin360 That’s in stark contrast to the previous month’s performance, which saw the coin price drop by over 75% from February’s high of $0.920051. Komodo’s recent history Komodo can trace its existence in some form all …

The developers of multi-chain architecture project Komodo claim that it has created an implementation of its AtomicDEX that runs a full peer-to-peer (P2P) node in the user’s web browser. Komodo developers wrote in a press release shared with Cointelegraph on Dec. 5 that the platform allows for non-custodial cryptocurrency trading through atomic swaps. The company has expanded its AtomicDEX mobile decentralized exchange (DEX) to work in web browsers on all major platforms. Atomic swaps, according to the release, are a smart contract-based technology that enables users to trade digital assets without any third-party involvement. The firm announced: “Users who wish …

Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds, the company confirmed in a blog post on June 5. Security researchers had alerted the company to a vulnerability in its Agama wallet. Realizing that hackers could strike any moment, Komodo’s cybersecurity team decided to use the same exploit to move compromised crypto to safety. Explaining to users what happened, Komodo said: “We were able to sweep around 8 million KMD and 96 BTC from these vulnerable wallets, which otherwise would have been easy pickings for the attacker.” Komodo’s actions mean that, at current market …

A vulnerability that could have permitted an attacker to coin infinite Zcash (ZEC) has been patched and disclosed by the company behind the coin, a post on the official Zcash blog states on Feb. 5. Ariel Gabizon, an engineer at the Zerocoin Electric Coin Company — the startup behind privacy-focused cryptocurrency Zcash — reportedly discovered the vulnerability the night before his talk at the Financial Cryptography 2018 conference in March 2018. Gabizon contacted Sean Bowe, a cryptographer at the Zcash Company, the same day. A fix for the vulnerability was covertly included (to prevent exploitation) in the Sapling network upgrade …