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It also has support for sapling and “Z transactions”. Moreover, the Komodo QT Wallet supports all sidechains of Komodo.
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It is also built on a pretty robust code base and has a similar user interface to Bitcoin’s core client. The wallet was developed by ip-gpu and a Komodo team member (Decker). You can get the OceanQT wallet in their GitHub repositories which has the latest release. It was the first QT wallet for Zcash fork as per the Komodo wallet update. In addition, this wallet has improved block loading, and is known for its faster speeds.
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Komodo QT was created with the well known QT interface and it has support for Windows, Mac OS, and Linux operating systems. This is the native wallet for Komodo, which not only helps in storing, sending and receiving KMD tokens, but also provides the perfect vehicle for staking KMD tokens to earn the 5% Active User Reward.
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It also has support for more cryptocurrencies and is bluetooth enabled. This means that you don’t always have to uninstall apps to add more coins. While the Nano S could do just fine, the “ X” model has some impressive features that may be worth considering.įor example, the Ledger Nano X has support for many more applications than the “ S” model. These are the entry level Ledger Nano S ($41) as well as the Ledger Nano X ($119). There are two Ledger devices that are currently on the market. There are a few third-party solutions that can be used since December 2019 however, assuming you aren’t worried about them compromising the security of your Ledger device. One downside to using the Ledger to store KMD tokens is its lack of direct support for the Active User Reward.
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There’s a separate section of the wallet for storage of encrypted private keys, and the wallet remains offline at all times, only connecting to send transaction information.Įven if a hacker could connect to the device, any transaction needs to be confirmed through the use of physical buttons on the Ledger, making it impossible for a remote user to complete a transaction and send funds off the Ledger. The wallet includes several security features meant to remove the possibility of hackers gaining access to any cryptocurrency stored in the Ledger. One of the top features of the Ledger Nano S is its security.
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It’s also possible to connect the Ledger to an Android device by using an OTG cable. The Ledger Nano S is used by plugging into the USB port on a PC, and has support for Windows, Mac OS, Linux, and the Chrome operating system. In addition to support for KND tokens the wallet has support for hundreds of other digital assets, and users are able to create wallets for many assets all in the same hardware wallet. The Ledger Nano S is the most popular harward wallet, meant for storage of cryptocurrencies in the safest environment possible. Without further ado then, let’s jump right in with the best wallets (order of preference).
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In order to present a reasonable selection, we have included a range of desktop, mobile and hardware wallets. But we also look into user experience, developer support support and community feedback. Perhaps the most important criteria is security of the wallet. In this article we will discuss some of the best Komodo wallets for securely storing KMD tokens.īefore we can dive into the wallets we first need to qualify what exactly we look for when sourcing wallets. It’s also important for those interested in collecting Komodo’s Active User Reward, which is like staking for KMD tokens, and pays an equivalent of 5.1% annually when the reward is claimed at least once a month. Of course having a place to store the Komodo Coin, which uses the ticker KMD, is essential. The Komodo ecosystem is scalable, inter-operable, adaptive, and secure, providing end-to-end solutions for developers and users alike. It was created not only to serve the interests of crypto investors and entrepreneurs, but also the average person looking to get away from the centralized solutions. Komodo (KMD) is a blockchain that’s been around for some time, having been launched back in 2016 with the goal of becoming an autonomous, independent and free network.