Komodo’s flagship product, the AtomicDEX, has been in growth since 2013. The decentralized alternate stays a subject of debate because it continues to develop its interoperability whereas retaining security as a core focus.
Benzinga bought the most recent updates from Komodo’s Chief Expertise Officer Kadan Stadelmann finally week’s EthCC 5.
Stadelman began out by giving a high-level overview of Komodo and AtomicDEX: “We stated, okay, there have to be a option to join the trade and supply a expertise that’s going to advocate interoperability. That is what we actually concentrate on. And that is additionally why our key focus, we really feel, is the AtomicDEX.
“The AtomicDEX itself is sort of a DEX core, principally like a DeFi engine which has a number of functions and functionalities, proper? All the pieces we construct is 100% decentralized and blockchain-based. So your keys, your cash, and the AtomicDEX itself, it is now a third-generation expertise.”
Whereas there are a selection of well-liked decentralized exchanges now, AtomicDEX holds an “OG” standing for being within the house for therefore lengthy. Additionally it is identified for its safety.
“Safety is primary, you already know, a pillar for the Komodo ecosystem. And we have all the time had this hardcore concentrate on safety and person security. We all the time attempt to shield the person as a lot as attainable,” stated Stadelmann.
“The platform is designed in a approach that even when one person will get attacked as a result of they aren’t cautious, the remainder of the setting of this ecosystem will stay unaffected,” Stadelmann defined.
With safety on the forefront of points within the crypto world, Komodo emphasizes this as a part of its mission, which is sweet for the trade.
Komodo can also be getting completely different communities concerned. Most lately it was the Shiba Inu SHIB/USD group on AtomicDEX with Stadelmann serving to the group construct the “ShibaDEX.”
“So principally all Doge-themed tokens and cash, [want] one noncustodial, safe, decentralized pockets for his or her tokens to swap. We figured, look, now we have Doge, Shiba and to a sure diploma they cut up proper there,” he stated.
“It is not like a unified group of adoption — they go towards one another. So we need to present them a bridge between the completely different tokens to sort of unify them into one factor.”
Uniting the 2 Shiba-loving communities might sound like an odd process, however the two communities are price north of $14 billion in mixed market cap. Offering an ecosystem the place collaboration can occur creates the potential for additional growth.
Komodo has extra plans for branching into completely different ecosystems. Stadelmann shared that the following process was to combine with Cosmos.
“Proper, in order that’s one key takeaway, and one massive one that’s upcoming is Cosmos ATOM/USD help. Now we have a full Cosmos integration ongoing. With the Cosmos help, we’re concentrating on the approaching quarter.”
As Komodo continues to bridge collectively completely different communities, security for customers will stay the focus for Stadelmann and his workforce. Whereas crypto turns into increasingly multi-chain, Komodo will likely be an more and more well-liked identify to observe.
