This article was first published on Komodo
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Komodo’s delayed Proof of Work (dPoW) integration just went live today on the Gleec Coin blockchain network. Using Komodo’s dPoW technology, the hash rate of the Bitcoin network now secures the Gleec Coin network against 51% attacks.
GLEEC will be available for non-custodial atomic swap trading and storage in your own non-custodial wallet on AtomicDEX v0.3 initial beta - available on October 29.
Blockchain Security By Komodo
Komodo’s delayed Proof of Work (dPoW) security service works by recycling the enormous hash rate of the Bitcoin network through a series of cross-chain notarizations. This solution offers Bitcoin-level security to both Proof of Work and Proof of Stake chains. Creating a situation that regardless of the network’s original mining difficulty as is requires an attacker to overcome both the original network and Bitcoin’s network in order to pull off a 51% attack.
During the integration process, Komodo and Gleec Coin developers worked together to conduct a security review and an analysis of the Gleec Coin codebase to protect GLEEC against security threats, including real 51% attack attempts. For Komodo-based chains, the integration process is much simpler. In contrast, the integration process for Gleec Coin was more resource-intensive and required a lot of custom work as it’s not a Komodo-based blockchain.
“We are excited for Gleec Coin to expand our mission to provide real-world use cases for blockchain technology. Komodo’s dPoW solution is important because it helps us maintain security for our blockchain.” — Daniel Dimitrov, CEO of Gleec Coin
Does your project need 51% security? Contact our team anytime at partners@komodoplatform.com to request a free assessment and quote.
Hold and Trade GLEEC On AtomicDEX
In addition to the new security layer, GLEEC will also be available on AtomicDEX initial beta v0.3 being released, ...
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