[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B

[Krushang]

In Stratis Platform's Q&A seassion the following was asked:

"Will Stratis consider using Komodo's dPoW to additionally secure its mainchain and private chain with Bitcoin's hashrate?"

Click here and listen their answer!

 

He praised you are very talented, you are happy?    Stratis and Komodo are both terrific projects in this year.

I myself, find Komodo very interesting and will support your project. Good luck.

[szachta]

Must buying btcd to invest in komodo.

[yns1971]

Must buying btcd to invest in komodo.

I've sold my BTCD

[jl777]

For completeness: https://blockchain.info/tx/cb07398c1b03ef32432220998e18b07dd7fbb4a83d989dc424f43786c5f7d4f2

that is a CLTV spend of a conditional payment, which allows recovering funds in case the other party bails out. And with that, the final transaction type is properly signed and able to be spent, so now onto the more mundane things, like logging, resuming after reconnect, etc.

[PondSea]

Must buying btcd to invest in komodo.

I've sold my BTCD

No you do not need btcd to invest into the komodo ICO but it is better to do so currently.

If you sold your btcd, you have just sold something worth 0.0053 for 0.004 so congrats on that.

[jl777]

And the final transaction, which is alice claiming the deposit. this is not an expected occurance as the protocol both sides run will have spent the deposit before the CLTV tx can be confirmed, but it is possible for the side making the deposit to disconnect and not reclaim the deposit. In this unlikely case, the payment to the 2of2 multisig is in limbo until the deposit side spends it.


bobdeposit: txid af6521b99f56423bec946186b082f859b84bb0633c801dc416b8719cb386dc4d

 010000000151eb900538fdf46a978a1dd2d02ef86febd8eda959278e36d2fb8afd9207b5ef01000 0006a473044022011c3124d37dbe6fdad78b7994683741cc40f41624a6c48c0e660972dcc897af2 022035e896697cc50141d1af08806d680c21fc2e393b1dcfd23bfefc60abe312ad4e012103b7621 b44118017a16043f19b30cc8a4cfe068ac4e42417bae16ba460c80f3828ffffffff01b15c000000 00000017a914f8b3f11ae2a8910398e3979e755288774a635b19878dceec57



Alice claim of deposit: 6f4cfda3d321e06992d9fdc7350b6d77eedb8321f1e9cad573ad4ec0f5926eae

 01000000014ddc86b39c71b816c41d803c63b04bb859f882b0866194ec3b42569fb92165af00000 000b34830450221009411c26dcc047cd3e48511f75cbb385ceca1c2ace8c3b41d8c82fdb00ddbec 75022035fd1bd36b7974214783a0960632f8001dcf2d252fa89ab49ff108f300c4a5c801514c676 3048dceec57b1752102744c1dff0591d173b5d074c7e55084a1a03153c8cecfca0ed0fbc6979827 ec34ac67a9145cff11112071bc2f42a4d8b5017e1c7c2509c03c88210327b7810676e8ef2c5971b b5c2e5dfc13a2b32100c40f088c418b14dd069bafc8ac680000000001a1350000000000001976a9 14b7128d2ee837cf03e30a2c0e3e0181f7b9669bb688ac8eceec57

Now all the transactions that are required to protect both sides capital have been automatically created and verified to be properly signed and spendable. Getting all this code to work, especially the custom conditional p2sh signature, has been quite a chore, but finally it is done!

The side effect of long term (one week) testing of the notary pubkey messaging means I have a solid base to build the dPoW messaging on top.

[yassin54]

I've sold my BTCD

Why you have not contact me!!  

WTB 11 BTC worth of BTCD at market rate!!

[IOTUSA]

Must buying btcd to invest in komodo.

I've sold my BTCD

No you do not need btcd to invest into the komodo ICO but it is better to do so currently.

If you sold your btcd, you have just sold something worth 0.0053 for 0.004 so congrats on that.

That's not entirely true though. It depends on the amount of Bitcoin raised and the time the bitcoin is raised (as bonus % counts into the equation).

[freequant]

@jl777: daring thing to clone zcash. I have a few questions:

First, how proficient are you with zero-knowledge proofs?

Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?

[jl777]

@jl777: daring thing to clone zcash. I have a few questions:

First, how proficient are you with zero-knowledge proofs?

Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?

komodo will use the same parameters as zcash. The dPoW is independent from all the zcash zero-knowledge proofs and parameters.

[jovan85]

What is BTCD ?

[KomodoPlatform]

What is BTCD ?

BTCD is BitcoinDark. Komodo is a product of the BitcoinDark team, essentially with the same vision, thus it really is a BTCD 2.0.

The difference between them is that Komodo will use the best privacy technology (Zcash) and it will also have the dPoW. The old vision to achieve privacy for BTCD was a good one, but Zcash proved to be even better.

The BTCD can be swapped for Komodo coin after the ICO has ended.

[JohnnyBTCSeed]

I am truly excited at the liquidity provider tech that is being worked on. This just might be the killer app that crypto was missing. ( instantdex being part of this)

If the little guy can make some extra coin by providing this service then I see great things coming down the line.

I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.


And, good job team

[jl777]

I am truly excited at the liquidity provider tech that is being worked on. This just might be the killer app that crypto was missing. ( instantdex being part of this)

If the little guy can make some extra coin by providing this service then I see great things coming down the line.

I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.


And, good job team

I just submitted the rawdraft for the easyDEX whitepaper, not to be confused with the dPoW whitepaper.

Looks like we will have at least two whitepapers, but dont ask me about the timing

[KomodoPlatform]

MISSION THUNDERCLAP

We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!

Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!

> Thunderclap dPoW Campaign <

Let's make blockchains more secure!

Best regards,
Komodo Team

[PondSea]

Must buying btcd to invest in komodo.

I've sold my BTCD

No you do not need btcd to invest into the komodo ICO but it is better to do so currently.

If you sold your btcd, you have just sold something worth 0.0053 for 0.004 so congrats on that.

That's not entirely true though. It depends on the amount of Bitcoin raised and the time the bitcoin is raised (as bonus % counts into the equation).

The valuation of the btcd swapped to iguana is 0.0053 btc (this is without the additional average btc bonus bonus ). Even if there is 0 btc invested then the price of komodo should go up due to the new tech involved and when the zcash hype gets started.

But i suspect that we may get more than a few btc to justify the valuation.

[yassin54]

Komodo announces MISSION THUNDERCLAP!

https://www.thunderclap.it/projects/47720-delayed-proof-of-work?locale=en

Tweet : https://twitter.com/KomodoPlatform/status/781599309510868992

[Wapinter]

MISSION THUNDERCLAP

We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!

Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!

> Thunderclap dPoW Campaign <

Let's make blockchains more secure!

Best regards,
Komodo Team

Will definitely promote it on all my social media accounts.Thanks

[starik69]

Like PondSea said, the information in the GUI is just some random characters. No real BTC transaction took place.

So, in real there will be ordinary BTC addresses?

[KomodoPlatform]

MISSION THUNDERCLAP

We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!

Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!

> Thunderclap dPoW Campaign <

Let's make blockchains more secure!

Best regards,
Komodo Team

Will definitely promote it on all my social media accounts.Thanks

Awesome. Thanks you!


We are still looking for two volunteers to post our Chinese and Spanish translations! Anyone interested?