Komodo’s form of providing security is called Delayed Proof of Work technology
(dPoW). It builds on the most advanced form of blockchain security in existence,
Proof of Work technology (PoW). The latter form of security is the method that the
Bitcoin network utilizes. To understand the value of Komodo’s dPoW security, we
must first explain how PoW works and why it is the most secure method of maintaining
a decentralized blockchain. We must also examine PoW’s shortcomings, so
that we may understand the need for Komodo’s dPoW method and the advantages
it provides to the blockchain community.
To understand how PoW technology functions, we begin by explaining the roots
that make the Bitcoin protocol a viable means of securely transferring value.