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

[tomsmith26]

It looks nice . I'm waiting for ICO starting on Oct 15th

[1715107069]

1715107069

[1715107069]

1715107069

[riceberry]

I would like to be a candidate to run a node in North America or Europe.
I have been running on the komodo testnet for a while now, and have experience managing a server for this as well as testing for iguana.
I also have some experience managing servers for the Lisk testnet and mainnet.
I also helped with the README file for komodo.

Handle: proto
Region: North America/Europe
Testnet KMD mined as of this post: 5301 KMD

[jl777]

The notary nodes will be making a custom transaction that is created by the group of notary nodes. In order to minimize the transaction size (it will be big enough as it is!) it needs to have exact amounts, ie no change from each participating notary node.

To do this, what is needed is a way to split funds into many of the same value outputs. Unfortunately, there is no standard way to do this, so a way to generate custom transactions of this form is needed. It sure is a good thing we have iguana!

In a few hours I created a new iguana API:
THREE_INTS(iguana,splitfunds,satoshis,duplicates,sendflag);

This creates and signs a transaction with the same amount duplicates number of times and optionally broadcasts it to the network.

To use it: curl --url "http://127.0.0.1:7778" --data "{\"coin\":\"BTC\",\"agent\":\"iguana\",\"method\":\"splitfunds\",\"satoshis\":\"1000\",\"sendflag\":0,\"duplicates\":5}"


It just defaults to using the wallet's default address as the destination:
{"result":"0100000002ae6e92f5c04ead73d5cae9f12183dbee776d0b35c7fdd99269e021d3a3fd4c6f00000 0006b483045022100fcbae1e6dc89188086beb9c664d7d7c174d97933a2cfdd4b24d60e26bd6257 0b022068c5f2d882a31c44e431614542a10a4ec92915ea6a92754d9ac9b6611d5741750121020e0 f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223a47c2fffffffffc534b16052 0da5b1a6811d2575fe685a609f1508a97cdb927db9250200c6679b000000006b483045022100f87 6996b471ee53bc303a9d5463e7e9c3aaf5ea173b2c034eb91b5d3a20ea6210220033f79a7d9217b 2d5f18445bda5784858cbe665275a5fbb80a9a41270ddf51390121020e0f6fe6e0fcdcac541eb72 8d6fe538a12adff20412b3c8a7fa892b223a47c2fffffffff06e8030000000000002321020e0f6f e6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223a47c2face803000000000000232 1020e0f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223a47c2face803000000 0000002321020e0f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223a47c2face 8030000000000002321020e0f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223 a47c2face8030000000000002321020e0f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7 fa892b223a47c2fac5e6c0000000000001976a914b7128d2ee837cf03e30a2c0e3e0181f7b9669b b688ac00000000","txid":"32b4940bcdacfcbd676898c985dfc10f7c47ae8a7e27bbd9429d9294ceb07e15","completed":true,"tag":"16872458888818271775"}

And sure enough, it confirmed just fine: https://blockchain.info/tx/32b4940bcdacfcbd676898c985dfc10f7c47ae8a7e27bbd9429d9294ceb07e15

You might notice the spend scripts for the duplicates are the form:
020e0f6fe6e0fcdcac541eb728d6fe538a12adff20412b3c8a7fa892b223a47c2f OP_CHECKSIG

This is an older way to do things, but it has the advantage of not needing the pubkey in the scriptsig when it is spent and it also makes it clear what pubkey can spend the funds. So it saves 21 bytes per input, which will addup.

This API is now working code and it is pushed to https://github.com/jl777/SuperNET
To the trolls, this probably doesnt count for anything as it has no GUI. The fact I was able to do it in a few hours, well I leave it to the ready to decide if it means anything or not

[MoveCrypto]

I'll work on getting testnet running. I'm running delegate nodes for Lisk mainnet+testnet and I also ran servers for Rise mainnet and Shift testnet in the past.

[PondSea]

I have to chuck my hat into the ring for Australia.

I have 2xxx testnet coins and will mine more once the server is moved into the datacentre.

[jl777]

https://blockchain.info/tx/efe39e624d0907455a8bcb30b97a718ff375f7404ec8950d955eed841f84f790

It seems there is a limit of 20 small outputs and many nodes are rejecting the tx due to the many dust level outputs. it might be manually getting these splitfunds tx confirmed could be an ongoing task for notary nodes

[jl777]

https://blockchain.info/tx/efe39e624d0907455a8bcb30b97a718ff375f7404ec8950d955eed841f84f790

It seems there is a limit of 20 small outputs and many nodes are rejecting the tx due to the many dust level outputs. it might be manually getting these splitfunds tx confirmed could be an ongoing task for notary nodes

    CAmount GetDustThreshold(const CFeeRate &minRelayTxFee) const
    {
        // "Dust" is defined in terms of CTransaction::minRelayTxFee,
        // which has units satoshis-per-kilobyte.
        // If you'd pay more than 1/3 in fees
        // to spend something, then we consider it dust.
        // A typical txout is 34 bytes big, and will
        // need a CTxIn of at least 148 bytes to spend:
        // so dust is a txout less than 546 satoshis
        // with default minRelayTxFee.
        size_t nSize = GetSerializeSize(SER_DISK,0)+148u;
        return 3*minRelayTxFee.GetFee(nSize);
    }


It seems if you are too efficient in selecting utxo it will get hit by this restriction. iguana does an iterative bestfit algo to select the utxo to use, so it usually ends up spending rather small amounts for change, if at all possible. However, in this case that ends up getting the tx rejected due to the dust limit. I will try to make a maxvalue utxo selection to get around this

[jl777]

strange...
https://blockexplorer.com/tx/1eb31641d61d30e5fbf5fc02d4488053b10c2de1df442e4b92f6cd43e8250ac5

splitfunds with 50 outputs ended up working, even though there were complaints about it. I guess this falls into not very normal and it is confusing the block explorers

I wont worry about the dust errors for now, I added a maxmode so it will have a large change output which hopefully will help it confirm.

[BadAss.Sx]

In the mean time i have succesfull running a testnet node

[bitcoinuserz]

./komodo-cli getinfo
{
    "version" : 1000000,
    "protocolversion" : 170002,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 6296,
    "timeoffset" : -1,
    "connections" : 5,
    "proxy" : "",
    "difficulty" : 1.00000000,
    "testnet" : false,
    "keypoololdest" : 1475379983,
    "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"
}

seems like testnet is good. But can anyone send me some testnet coins?

RY5v6Wxxc7WoCtBY3Bw4M55gE3BRQjG9cN heh

[yassin54]

Please support the KOMODO ThunderClap campaign.

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

Tweet : https://twitter.com/KomodoPlatform/status/782516467539533824

[BadAss.Sx]

New offer on page 51-52

[bcmine]

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

look for me as a good deal

[riceberry]

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I like this alot.

[BadAss.Sx]

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I like this alot.

It is a good price, good server and terribly good connection. The price is one of the cheapest around. For me it is not about the price but to get a good stable komodo network. The price is only covering my expenses and some to feed my dog.

[riceberry]

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I am in!! 

Me too, I am in for 1

[blackstar2016]

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate =  0.00354716 * 1.5 = 0.00532074 BTC/BTCD
-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD]

BTC Bonus system

Oct. 15 -           25% bonus
Oct. 16-22 -      20% bonus
Oct. 23-29 -      15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 -         5% bonus
Nov 13-20 -       0% bonus

BTCD Bonus system

Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This would bring the BTCD swap rate to 0.005852.

KMD coin distribution

10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.

The BTCD/KMD and BTC/KMD exchange rates depends on how much money is raised, and they can only be calculated after the ICO has ended.

For more information see this Steemit post.

Our Steemit posts

Komodo Has Been Born!

Komodo ICO: Questions and Answers

The Silent Progress of Deep Tech

So we need to buy BTCD to join this ICO?

[BadAss.Sx]

That means i'm sold out for now. But that doesn't mean you can't apply for it.

You have to get elected also by the shareholders. If you're not, the spot comes open for others.

[CryptoMrM]

So we need to buy BTCD to join this ICO?

You can invest with both BTC and BTCD.

Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied).

Likewise BTCD also comes with other benefits like an average bonus boost and more.

[the artful bodger]

So we need to buy BTCD to join this ICO?

You can invest with both BTC and BTCD.

Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied).

Likewise BTCD also comes with other benefits like an average bonus boost and more.

The OP says the BTCD swap will be dealt with after the ICO, but gives no details. How will the process work?

Will the BTCD swappers get their new coins at exactly the same time the bitcoin investors get theirs?