Blockchain In Sixty Seconds: Komodo Launches DIY Smart Chain Builder
The Komodo (KMD) team recently announced the launch of Antara – a do-it-yourself blockchain builder that is claimed to produce bespoke blockchains within sixty seconds. The new development suite offers users the chance to build their own chains outwith the control and consensus of any other blockchain project.
BIY: Blockchain It Yourself
According to Tuesday’s press release, Antara will offer 18 different features which can be customized at launch. Those include hashing algorithm, privacy settings, consensus rules, block time, block reward, and more.
Pre-built plug-and-play tools will reportedly be available to create blockchain features like oracles and stablecoins. The tokens created in these ‘smart chains’ will also benefit from the existing Komodo wallet and DEX technology.
That’s despite the fact that Komodo is essentially keeping itself out of the entire process. Besides being launched using Komodo’s tools, and backed up on its blockchain, the smart chains will be entirely independent of Komodo. The KMD token isn’t even a requirement to get started, nor does it have to be used for network gas payments.
Komodo CTO Kadan Stadelmann summed up Komodo’s intention to deliver sovereignty to blockchain developers:
“Developers and enterprises that build on modern blockchain platforms are largely at the whim of the single-chain model, meaning they have little to no control over platform development (including scalability solutions), network congestion (including high fees), or smart contract complexity (including gas fees). With Antara, we’re giving builders the choice…”
Komodo In The Background
Another useful draw for would-be developers on Antara is the fact that Komodo’s blockchain is backed up on Bitcoin’s every ten minutes. Any 51% attack on Komodo (or the Antara smart chains) would have to also defeat the hash power of Bitcoin.
I’ve said it before and I’ll say it again: if blockchain projects were ranked by technology alone, Komodo would be placed higher than its 46th spot by market cap. This applies to a small handful of projects, which as a general rule tend to be community driven, open source, and in serious lack of marketing budgets.
Check out last year’s Why Investors Should Pay Attention to Komodo for more, even though numerous developments have been made since then.
The Komodo blockchain is also currently at the forefront of the blockchain gaming push, as evidenced by the development of Komodore64. Read more about the blockchain based virtual console here.
Since developers aren’t restricted to using the KMD token, no price pump would necessarily entail from Antara’s use (unlike some projects which demand their tokens be bought first). That said, if its utility proves popular among blockchain developers, then maybe the increased attention will give Komodo its time in the spotlight.
Note: I do not hold any KMD, despite my long history of covering the project.
Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.