Bitcoin Innovation

The vision of komodo founder, James "jl777" Lee, includes a security mechanism that is unique to Komodo. Blockchains can put a fingerprint into bitcoin's permanent timechain to create a checkpoint. The checkpoint enables 51% attack mitigation by including this cross chain fingerprint to be part of the consensus.

This enabled weaker chains, without a strong mining community, to survive hash attacks. In being able to protect a weak chain from such attacks, development was able to continue and innovations on bitcoin's utxo model continued.

Crypto conditions from Ripple Labs was integrated at a layer above bitcoin script, passed by the op_code OP_CHECK_CRYPTOCONDITION, thus the "Antara" framework was born at Komodo. The marketing of the antara framework did not have market success in it's first iteration, but two early projects spun out of this innovation.

The first was Verus Coin, led by veteran developer Mike Toutonghi. The other has been TOKEL for UTXO based NFTs. Two further projects have utilized crypto conditions, The Hemp Coin was ported from being a masternode litecoin fork, and MARMARA was developed to mirror the Turkish law of post-dated cheques.

The focus for the current era is on Verus however - as the development team is bringing the multi-chain vision of Komodo with the addition of data exchange, blockchain identity and multi-currency layer 1 DeFi.

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