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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1146729 times)
KomodoPlatform
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October 19, 2016, 02:18:09 PM
 #1761

where btc go after ico? we trust 1 anon man as sole keyholder?

There is a multisig address that 3 of our team members hold.

everybody anon. you sure 2 of 3 keyholders isnt same person?

I'll tell you a secret!

Not everyone is anon in our team. For example TwinWinNerD is one of the key holders, and he is the CEO of Bitpanda.

All the members have been a long time in our community, and you would have to wonder how jl777 could manages to do all that coding, and answer the all those questions while pretending to also be another person with another nickname Wink

There's a fair point though, that it shouldn't be called an escrow, but a team multi-signature address.

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jl777
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October 19, 2016, 05:12:28 PM
 #1762

dPoW progress report.

I added the code inside komodod to use the data that the iguana notary dapp is creating.

Currently, it isnt saving the data to HDD, so it is just to make sure that all the data processing is correct. So far, it appears to be updating properly. Not being familiar with the C++ code, I was pleasantly surprised to find a clean checkpoints test that was perfect to expand to add the dPoW checkpoint. So as the notary dapp writes the checkpoint data, komodod processes it and sets the most recent NOTARIZED_HEIGHT and HASH which the checkpoint test uses.

komodod is also detecting all the special transactions and while it isnt updating the active notary list yet, it now has all the data flowing through it.

I had allocated a full week for this part, but it seems I did most of it already. The following is the remaining todo list:

a) update list of current notaries using processed data
b) HDD storage of processed data
c) add "notarized" fields to getinfo command
d) award 5% APR for utxo older than a week when they are spent
e) round robin mining difficulty

a) and b) are all that is needed to get a full dPoW implementation live and it wont need any GUI. with c) it will provide the explorers the info needed to color code the blocks that are notarized. I dont expect these three items to take much more than a day.

Once those are done, we are left with the 5% APR and the round robin mining to achieve nearly PoS efficiencies even though zcash PoW is being used.

The last two require more C++ code changes, so progress will be slower than my C speeds, but I aim to complete it by start of next week. At that point, the komodod changes will be complete and all that would be left is to rebase to the final zcash release. The last rebase only took a few hours, so it seems we are getting close to finishing the komodod changes.

I have allocated next week to adding dPoW into assetchains, so there will be real live example of how to use dPoW from external chains, and it also solves the method of distributing REVS.

Beyond that, I need to revise iguana a bit to properly deal with the latest komodo changes and see if I can get basilisk functionality to work. That would allow all OS to be able to do at least the transparent komodo transactions. I already added a komodo pass through mode into iguana that allows commands to be sent from GUI to komodod.

So, as the ICO is in progress, the core tech is being completed. For the additional development work, of course, the ICO funding will be needed so it cant be started until after the ICO.

http://www.digitalcatallaxy.com/report2015.html
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BitcoinOnFire
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October 19, 2016, 05:32:48 PM
 #1763

jl777 once helped me when I've sent tokens to wrong address  Grin, the amount was around 2 BTC, so not as big as ICO but this still gives some trust

where btc go after ico? we trust 1 anon man as sole keyholder?

There is a multisig address that 3 of our team members hold.

everybody anon. you sure 2 of 3 keyholders isnt same person?

You raise a good question, it is declouds escrow scam, but jl777 is famous in the cummonity, he should be real into project.

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jl777
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October 19, 2016, 05:34:53 PM
 #1764

c) was pretty fast to get done. the following is from the getinfo call:

{
    "version" : 1000001,
    "protocolversion" : 170002,
    "notarized" : 28790,
    "notarizedhash" : "03fbc40229c52691c25ad702058835dce616c30b81479124655d3d8c4b456ea3",
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 28794,
    "timeoffset" : 0,
    "connections" : 19,
    "proxy" : "",
    "difficulty" : 2.82596557,
    "testnet" : false,
    "keypoololdest" : 1476816974,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "relayfee" : 0.00005000,
    "errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"
}


As long as you wait for your tx to be at or before the notarized height, then it is as secure as bitcoin transaction as bitcoin blockchain would need to be modified for the notarizedhash to be changed.

Once I get it so it can resume properly, then the core dPoW functionality will be done.



http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Sam123
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October 19, 2016, 06:04:04 PM
 #1765

what is the bonus for komodo ICO for now? i only receive 20% extra. does anyone have this problem?

Yes, don't worry, we will manually change it to 25 % later today.

There still is 2 hours 40 minutes left, then the bonus will drop to 20 %

Thanks for clarifying, I was worrying for a moment.

HI, I bought on the 16th and I only receive 20% extra. Did you start manually updating to 25% ?
Thanks

Yes, I do not still see 30% bonus for investing on oct 16th. They said they set it manually for user later.

25% sir not 30% :-)

I think they will manually change it later or sooner?

Yes. I'm wrong . it's 25% bonus. thanks for your correction

I bought on the 16th and I only received 20% extra.
I still don't see the adjustment 25% rather than 20%.
I thought it was going to get adjusted two days ago.
Thanks
KomodoPlatform
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October 19, 2016, 06:22:47 PM
 #1766

what is the bonus for komodo ICO for now? i only receive 20% extra. does anyone have this problem?

Yes, don't worry, we will manually change it to 25 % later today.

There still is 2 hours 40 minutes left, then the bonus will drop to 20 %

Thanks for clarifying, I was worrying for a moment.

HI, I bought on the 16th and I only receive 20% extra. Did you start manually updating to 25% ?
Thanks

Yes, I do not still see 30% bonus for investing on oct 16th. They said they set it manually for user later.

25% sir not 30% :-)

I think they will manually change it later or sooner?

Yes. I'm wrong . it's 25% bonus. thanks for your correction

I bought on the 16th and I only received 20% extra.
I still don't see the adjustment 25% rather than 20%.
I thought it was going to get adjusted two days ago.
Thanks

Yes, our plan was to manually change them the next day, but it turned out it would take longer. Before we do that we will backup the database, for security reasons. So it takes a bit longer than first anticipated.

Sorry for the delay.

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yassin54
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October 19, 2016, 06:41:34 PM
 #1767

Komodo Dev Blog: dPoW progress report.


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October 19, 2016, 09:05:06 PM
 #1768

Komodo Cryptocurrency Platform Raises over 1000 BTC on the First Day of its ICO



jl777
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October 19, 2016, 09:44:56 PM
 #1769

dPoW branch of komodo now keeps all the dPoW in a persistent state file. It just started working, so havent had a chance to fully validate it, but at least dPoW is all coded now.

I still want to replace the slow searching with a much faster method, but for now the dataset is small enough that there wont be a speed issue.

Last things left to complete are 5% APR and mining round robin.


http://www.digitalcatallaxy.com/report2015.html
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Wapinter
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October 19, 2016, 10:09:16 PM
 #1770

I suggest you please add this to op as well
Sam123
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October 19, 2016, 11:02:32 PM
 #1771

what is the bonus for komodo ICO for now? i only receive 20% extra. does anyone have this problem?

Yes, don't worry, we will manually change it to 25 % later today.

There still is 2 hours 40 minutes left, then the bonus will drop to 20 %

Thanks for clarifying, I was worrying for a moment.

HI, I bought on the 16th and I only receive 20% extra. Did you start manually updating to 25% ?
Thanks

Yes, I do not still see 30% bonus for investing on oct 16th. They said they set it manually for user later.

25% sir not 30% :-)

I think they will manually change it later or sooner?

Yes. I'm wrong . it's 25% bonus. thanks for your correction

I bought on the 16th and I only received 20% extra.
I still don't see the adjustment 25% rather than 20%.
I thought it was going to get adjusted two days ago.
Thanks

Yes, our plan was to manually change them the next day, but it turned out it would take longer. Before we do that we will backup the database, for security reasons. So it takes a bit longer than first anticipated.

Sorry for the delay.
No problem. Take your time. I was just checking.
Thanks
someone111
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October 20, 2016, 12:00:19 AM
 #1772

There’s a kind of “cryptographic toxic waste”, which if it were to be created and exploited, would allow the attacker to counterfeit currency (although it wouldn’t allow them to violate anyone’s privacy). Our plan to prevent that uses a secure multiparty computation in which a set of well-known people each contribute, in such a way that if any one of them successfully destroys their shard, then the cryptographic toxic waste can never come into existence. We’re also working on other potential long-term defenses against risks like this.
Can, and will, these long term defenses be implemented after the launch of the mainnet? Once implemented, the free money printing ability is disabled?

Why not fix this cryptographic toxic waste mess before the start of the mainnet? Even if you are right and it is no big issue. Let's assume this for now. Many people will keep bringing this up. An this, even if it really is FUD objectively, the subjective masses believing it will put the price down and hinder the success of the project.

The other theoretical attack against this is that ALL of the people involved in creating the parameters either collude with everyone else or they run compromised hardware/software that allows an attacker to reconstruct the entire dataset.

Now maybe some govt can run a mission impossible type of op to counteract all the countermeasures in place, but even if the parameters are compromised, the privacy wont be. And since the only entities that I can conceive of that can even think about running such an operation can already print all the money they want, they have no incentive to do such a low return project.
What's your motivation not to keep the cryptographic toxic waste? You cannot break the privacy. That is great, so no one will try to force you to.

But you can for yourself milk komodo like a cow. Generate yourself a few coins every once in a while. You just would not milk your cow to much so no one notices. Isn't that just way too attractive not to do?

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tjmaruy
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October 20, 2016, 01:05:55 AM
 #1773

wtf
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October 20, 2016, 01:21:15 AM
 #1774


congratulation in succes selling ico
i hope selling ico can same iconomi and antshare
and i hope the next time after listing in exchanger komodo can big coin , equal monero ethreum litecoin lisk or dogecoin
tjmaruy
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October 20, 2016, 01:31:31 AM
 #1775

yes that would be very nice Shocked
cebb
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October 20, 2016, 01:34:55 AM
 #1776

All depends on how many BTC are raised. If it is a bloated ICO raising anywhere > 10K BTC there will be little return for ico investors.

For ICO investors to have massive returns the ICO has to raise < 10K BTC.

I miss the old days when ICO lasted for only a week or were limited to a reasonable amount of BTC. Currently every noob know about every ICO and there are no buyers left when the coin hits exchange a week after finishing ICO.
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October 20, 2016, 02:05:40 AM
 #1777

All depends on how many BTC are raised. If it is a bloated ICO raising anywhere > 10K BTC there will be little return for ico investors.

For ICO investors to have massive returns the ICO has to raise < 10K BTC.

I miss the old days when ICO lasted for only a week or were limited to a reasonable amount of BTC. Currently every noob know about every ICO and there are no buyers left when the coin hits exchange a week after finishing ICO.

excuse me but 10k BTC ?
talking of 6.400.000 US$
come on , what are u guys trying to build ? a new internett or a new currency ! i would take this a notch down, ICO is supposed to get a project started - not a funding until 2030 + new ferrari for the Dev Team !!

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October 20, 2016, 02:21:07 AM
 #1778

Ethereum raised 18 million USD in ICO.

Is Komodo developing something novel like ethereum? Why does it need 30K BTC or 18 million USD just to patch up ZCASH protocol on bitcoin blockchain using notary nodes?

The greed is strong with this Dev!!
grewalsatinder
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October 20, 2016, 02:31:32 AM
 #1779

All depends on how many BTC are raised. If it is a bloated ICO raising anywhere > 10K BTC there will be little return for ico investors.

For ICO investors to have massive returns the ICO has to raise < 10K BTC.

I miss the old days when ICO lasted for only a week or were limited to a reasonable amount of BTC. Currently every noob know about every ICO and there are no buyers left when the coin hits exchange a week after finishing ICO.

excuse me but 10k BTC ?
talking of 6.400.000 US$
come on , what are u guys trying to build ? a new internett or a new currency ! i would take this a notch down, ICO is supposed to get a project started - not a funding until 2030 + new ferrari for the Dev Team !!

Ethereum raised 18 million USD in ICO.

Is Komodo developing something novel like ethereum? Why does it need 30K BTC or 18 million USD just to patch up ZCASH protocol on bitcoin blockchain using notary nodes?

The greed is strong with this Dev!!


It depends on what level of the project you mean. There are the mission critical parts, like paying for bitcoin fees and notary nodes.

1000 would be enough for a reduced bitcoin notarization frequency and smaller number of notary nodes, but not a lot of development.

5000 would allow to have the fastest bitcoin notarization frequency, all 64 notary nodes and staff up a group of C coders and GUI devs fulltime for some years

10000 would allow having many LP nodes all fully funded for the lowest trading spreads and many liquid trading pairs

Above this would allow a warchest that can make opportunistic trades, arbitrages and other means to generate working capital and set up a very long term organization of the above. Along with some large scale marketing. Of course, even at the lower funds raised we will be doing marketing, but with a limited budget.




This has been answered before.

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October 20, 2016, 02:37:02 AM
 #1780

 
Ethereum raised 18 million USD in ICO.

Is Komodo developing something novel like ethereum? Why does it need 30K BTC or 18 million USD just to patch up ZCASH protocol on bitcoin blockchain using notary nodes?

The greed is strong with this Dev!!


Where does it say KMD needs to get 30k BTC? That is the maximum to protect investors just in case a huge whale decides to invest.

It has already been stated what has been raised up to the point is enough to proceed with Komodo.

I would suggest for you to actually do some reading and not make ignorant comments.








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