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Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It

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CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications. Komodo enables tokenized systems to rely on the security and immutability of the Bitcoin blockchain without having to build directly on top of it. They have pioneered the “crypto conditions” aspect of smart contracts. In layman’s terms, smart contracts can run on Bitcoin-based blockchains with the same degree of usability as Ethereum smart contracts. Delayed Proof-of-Work Komodo uses something called delayed proof-of-work (dPoW). Delayed

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* First published on ccn.com

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