Gleec has partnered with Komodo Platforms in order to ensure Gleec Coin maximum security and expansion friendly environment. The blockchain expert company will conduct a security review and an analysis of our codebase to protect the coin against any possible threat, including real 51% attack attempts.
The Komodo’s security layer that will be added to Gleec consist in delayed Proof of Work (dPoW) technology, a secondary consensus mechanism that recycles the giant hash rate of the Bitcoin network through a series of cross-chain notarizations.
Komodo’s security service will store a blockhash from Gleec’s blockchain onto the Komodo chain every ten minutes. Then, a blockhash from the KMD chain is saved onto the Bitcoin chain, providing Bitcoin-level security. Both save points are called “notarizations” and act as an anchor that prevent an attacker from undoing transaction past that point. This way, Gleec Coin will leverage Bitcoin’s huge computing power to protect the blockchain by using Komodo’s security service.
Besides that, Gleec will also be integrated to AtomicDEX, Komodo’s totally decentralised application that allows peer-to-peer atomic swaps transactions, making trading easy and accessible.
Atomic swaps are trustless peer-to-peer exchanges of digital assets from one user to the other, without any middleman or intermediary. Traders that use AtomicDEX never never need to send funds from one address to another to swap assets, the trading occurs within the wallet. This means that they will always maintain control of their private keys, creating a more secure trading framework than the one offered by centralized exchanges.
Komodo is an open, composable multi-chain platform that develops blockchain since 2014, being recognized as a pioneer of multi-chain architecture in the blockchain space.
Today, Komodo focuses on providing business-friendly blockchain solutions that are fully secure, scalable and interoperable. Komodo’s current technology suite, the Antara framework, is specialised in end-to-end blockchain development.
According to them, their mission is to accelerate global blockchain adoption through a adaptable, multi-chain architecture, an open-source model, and an open, business-friendly ecosystem that allows developers, start-ups, and enterprises alike to prosper with blockchain. This efforts to boost new technologies make it congruent to Gleec’s mission.
At Gleec, we search to build relationships with our partners and collaborators that allow us to leverage resources and extend our reach, to nurture the capacity of expansion and to widen the impact of our work. We believe that collaborating with the right partners is critical to achieve our goals and contribute to blockchain mass adoption.
This way, we’re happy to collaborate with a company of technical excellence as Komodo. We trust that the results of this cooperation will be outstanding.
For more please check Komodo Platforms and Gleec.
(Syndicated content)
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