Agama (also known as Komodo) Website
- ValidationFull Node
- Ease of useAdvanceddifficulty
- Supported Coins
Pros & Cons
- Agama supports a very high level of anonymity, through the process of disposable wallets.
- Agama supports a large number of coins, at 16
- You control your own private key, putting you in charge of your own funds.
- Agama is shaping up to be a powerful network, offering many all-in-one options.
- Agama is incredibly difficult to use, and is probably meant mostly for programmers to use.
- Does not include Monero, Ethereum, or Ripple, two fairly popular coins, in its network of supported coins.
- There is no built-in exchange yet, which means you must decide which exchanges are trustworthy enough to trade with.
- It is a desktop application, so can be vulnerable to more types of attack than mobile wallets or cold wallets.
- The SuperNet development team (20 people)
- Free to download
- Private Keys Stored by
- Great (Depending on the individual user's own ability to secure their private key)
- What it is
A desktop application running a ‘hot’ cryptocurrency wallet (one that is connected to the Internet), that has multiple modes of operation, one of which downloads the whole blockchain on to your computer, and the other of which does not (known as ‘basilisk’mode).
Agama is a technical-looking wallet that is presently in active development. As such, its developers suggest that you do not use it as your main wallet, but that you use it for experimentation and learning more about the Blockchain. For now, that places it firmly in the Advanced category of user difficulty.
Agama is being designed to integrate multiple different applications together. When complete, it will be a powerful choice for use as it will contain its own decentralised exchange, and an asset exchange system to allow trading with fiat (conventional government currencies like pounds and dollars).
As of the present day, Agama is available for download on Linux, Mac OS, or Windows for free, and can also be used as a paper wallet. Agama is compatible with sixteen types of cryptocurrency, including Bitcoin and Litecoin. Out of 12 user reviews, 3 gave Agama the top 5-star rating, with an average rating of 2.6 stars. The wallet application is available on www.supernet.org/en/downloads. The low rating may possibly be explained by users who aren’t aware that Agama is still in early development and is anything but user-friendly at this point.
When using Agama, I fully control my private key, which means that I am in control of my cryptocurrency. I advise that you protect your private key well – it is all that someone who wished to steal your cryptocurrency would need!
Agama uses Full Node validation. If I use its Normal Mode, I can potentially become a full node of your own, and if I use ‘Basilisk mode’, Agama will connect to decentralised nodes to verify transactions.
Agama is one of the best wallets for anonymous transactions, and is shaping up to be an advanced contender in the world of cryptocurrency wallets. I can create a new wallet for every transaction I perform, and no identifiable data will ever be attached to this wallet. I do not need to validate my identity to set up an account. Essentially, I log in with my wallet data, not my personal data – no names, addresses and e-mail addresses required. However, I do need to enter a private key, which means the responsibility of avoiding keylogger and browser hack attacks is completely mine.
Using this Wallet
At the present moment, Agama is difficult to use. For starters, when you set it up, after manually installing the latest version of the program, you need to forward three ports on your router (7778, 7779 and 7771). If you do not understand what this means, then Agama is probably not the wallet for you.
When the once-off port forwarding setup is complete, each time you log in to Agama you can either create a new wallet or log in with an existing wallet private key. Private keys tend to be very long and difficult to enter, and as mentioned above, need to be very well secured against hackers.
After logging the private key or creating the new wallet, you then choose from a list of currencies that you want to work with, and then you must decide whether you want to download the entire blockchain.
Once you have made this decision, you can sign into an existing wallet, or create a new wallet seed, with three different options for randomness of seed. Once you have done this, you can register your new wallet on the blockchain. If you are using an existing wallet, you must make sure that Agama supports the currency that this wallet has stored in it.
If you want to receive cryptocurrency, click on the ‘Wallets’ tab, click on the type of currency you want to receive, and then copy the address of your wallet. This must then be given to the sender that wants to send you cryptocurrency.
If you want to send cryptocurrency, you must first click on the currency you want, and click Send. You will need to put in your address and the receiver’s address. You may then include the amount you want to send, and finally, include a fee if you wish to do so, which, if high enough, will speed the priority of your transaction.
It is also definitely necessary to back up any wallets that you don’t intend for one-time use only. Agama creates a file called wallet.dat in a personal folder – either “/home/username/.komodo” for Linux,
“C:\Users\[CurrentUser]\AppData\Roaming\Komodo” for Windows,
or “~/Library/Application Support/Komodo in Mac OS”.
You can personally encrypt and copy this file, and it is recommended that you store it in at least two different locations with a strong password. You can also open the wallet.dat file in a text editor and manually write down private keys and seed keys given. If the above paragraph didn’t make sense to you, or if you aren’t able to find a file when given its path, you are probably not the intended user of the Agama program.
Agama’s visual themes are black and orange, and they have a support platform available at https://support.supernet.org/.
Alternatives to this wallet
Agama is a software-based desktop application that connects to the Internet (a ‘hot’ wallet). Presently, there aren’t any similar wallets as Agama is an all-in-one solution under construction and also very complicated to use. Alternative types of wallet include hot mobile wallets (such as Electrum, Edge, and Mycelium), and cold hardware wallets (such as Ledger and Trezor). DarkWallet is also known for having high anonymity, but is currently not being actively developed. SpectroCoin has more extra features than most other wallets).
I would recommend Agama only to advanced users, as it does not yet have a built-in exchange, and users manage their own private keys, which can cause loss of all of one’s savings if the private key is compromised. Their web site suggests a higher-level user as it is full of more advanced terms, and is also configured to allow other uses of their software, such as starting one’s own private blockchain, which is an extremely advanced feature that average users may not have much use for.
Even professional investors may not enjoy using this wallet, as it is technically difficult to invest with it.
High-end users may appreciate their high security, but may also want multisignature authorisation or two-factor authentication. Also, people using cryptocurrency to make payments for goods and services rendered may find it easier to use a mobile wallet that supports QR codes displayed on a mobile device.
Overall, only programmers, advanced cryptocurrency users, and cryptocurrency hobbyists who wish to run their own nodes or try experiments are presently encouraged to try Agama. Its anonymity feature is very useful for those wishing to transact privately. If you are not this kind of user, then I would not recommend Agama for you.
David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Besides from being a trader he is also a lifelong Everton fan and enjoys spending free time watching his beloved team in the premier league.