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

[KomodoPlatform]

Here's the newest graph containing the SuperNET dividend flows.

Many of the assets listed on the graph are projects build on top of SuperNET/Iguana/Komodo... they will be reference applications that showcase the technology we are building. Anyone could use the SuperNET API (called agents) and build on top of our open source technology.

EDIT: To make it clear, the revenue flows BTCD was promised are not going to migrate into Komodo.

I am not saying that Komodo is a scam. But the general rule of project and asset structuring is that if it looks unnecessarily complex, it's unnecessarily complex for the reason that you simply don't want people to know how it works.

I wish Komodo all the best, but will sit this one out.

Yes, these things can get quite complex quite fast. However, all the assets listed on that picture have nothing to do with Komodo. It's just an informative graphic that really has nothing to do with Komodo.

Komodo is part of SuperNET and has its function, but the basics are really easy to understand: 1) Zcash, 2) dPoW.

When people first encounter the whole project it must be a little overwhelming. But you must understand that it is an open source project where anyone can come and start their own asset. A lot of people have started their own projects, that then are linked into SuperNET (like in that graphic). However, it is like saying all NXT assets are made by NXT devs, and because there are so many assets NXT is really complex. Don't think too much about the assets/projects build on top, but rather the underlying tech.

It's like bitcoin... it can be used in many things, but if you really understand the basics it's quite simple. You could overwhelm a new bitcoiner by talking about all the different use-cases bitcoin could have. Here in SuperNET jl777 has developed some low level technology that allows you to quickly scan blockchains (ramchains), make atomic swaps, parallel sync blockchains (Iguana), secure weak blockchains (dPoW), have decentralized shuffling, and so on... With those basics the applications are developed on top.

A decentralized exchange would need someone to have multiple blockchains synced at the same time, and of course atomic swaps. A poker game would require a way to decentrally create random numbers, and of course the same underlying technology can be used by any other application (like any casino game). The assetchain will require dPoW to secure themselves and of course they can be traded in the decentralized exchange and the coins secured in a decentralized wallet.

What is the mission of SuperNET? Solve the problems crypto has. What did I describe above? Basic problems crypto has, and SuperNET is in a tipping point of soling quite many of them. That is what jl777 has promised and what he has been working towards for the past 2 years.

Komodo is the coin fueling the whole ecosystem, as it currently is the only blockchain... all the others are just assets. Komodo blockchain is used to create many of those services, and on top of that Komodo has dPoW and Zcash technologies like previously mentioned.

Ok I can admit that this all can be quite complex, as there are so many different parts which at the end will work together to create the overall solution. Even if you don't fully understand the big picture it should come quite clear with little bit of digging that this is definitely not a scam. We are quite seriously trying to develop all these things and bring crypto to another level.

[jl777]

Thanks to all the notary node operators, we found and fixed several crash type bugs.

still hunting down one last crash and I also need to add a height range to the notarized checkpoints, but that is simple logic.

the crash is appearing only after a block is mined, so takes a while to duplicate

I also notice the few things I added to the bitcoind code has slowed things down, it sure isnt  iguana speeds... Probably will need to allocate a bit of time to optimize performance

I dont think many people reading this thread realize that every day there are a dozen notary node operators updating to the latest build and helping troubleshoot any issues with the latest versions. Without all this effort there is no way that dPoW would have come together so fast as debugging is a time consuming process.

Having so many different servers testing it all at once... well it is hard for bugs to hide for long. They are all so busy with the servers, they hardly ever post here and are the unsung heroes

I think there is an archive of the #notarynode slack channel somewhere so people can see how much effort is being put into komodo.

[jl777]

bug captured
gdb backtrace identified exact line
new version in testing

what could have otherwise taken days to track down, we did it in a couple hours

[boomboom]

On the knomodo election site is says positions for Europe have been filled, but how can they be filled before the election has happened?

[retardsystem]

What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?

Yes, that is correct.

So after komodo launch, no btcd in the world any more? Btcd is the history, the new btcd is komodo, right?

[grewalsatinder]

What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?

Yes, that is correct.

So after komodo launch, no btcd in the world any more? Btcd is the history, the new btcd is komodo, right?

Not so fast. BTCD is still the currency used as txfee in SuperNET projects like InstantDEX/EasyDEX, and will be used for quite some time. The change will happen gradually as Komodo mainnet goes stable for some time and also EasyDEX platform goes a bit more stable. The process of using Komodo in places where BTCD is implemented is a gradual process, not sudden process.

[KomodoPlatform]

The Current dPoW Status

If you guys have been reading jl777's posts with care you should be aware of the great progress the team is making! We are actually ahead of our schedule.

I dont think many people reading this thread realize that every day there are a dozen notary node operators updating to the latest build and helping troubleshoot any issues with the latest versions. Without all this effort there is no way that dPoW would have come together so fast as debugging is a time consuming process.

Having so many different servers testing it all at once… well it is hard for bugs to hide for long. They are all so busy with the servers, they hardly ever post here and are the unsung heroes

Cheers to all the notary node operators! 

Read the good news from jl777:

dPoW Progress Report
dPoW Progress Report: It Is Working!

[yassin54]

Komodo Dev Blog: dPoW Progress Report: It Is Working!

https://komodoplatform.com/dpow-progress-report-it-is-working/

Tweet : https://twitter.com/KomodoPlatform/status/789394355588993024

Reddit : https://www.reddit.com/r/komodoplatform/comments/58mbdo/komodo_dev_blog_dpow_progress_report_it_is_working/

Facebook : https://www.facebook.com/KomodoPlatform/posts/350284958651415

News SuperNET : http://news.supernet.org/posts/mH2sWBAoS37onCDYp/komodo-dev-blog-dpow-progress-report-it-is-working

[jl777]

On the knomodo election site is says positions for Europe have been filled, but how can they be filled before the election has happened?

there are currently more nodes in europe than everywhere else combined. So that means the election process will be very competitive. You are certainly free to become a candidate in Europe, but better to run unopposed anywhere else.

we get more geodiversity and you would have a much higher chance of being elected

[jl777]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

[Thenoticer]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

Would this mean that a genesis block has already been created? And how does this effect the trusted setup argument?

Thanks.

[rocketsTmac]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

It means moon, thanks.

[jl777]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

Would this mean that a genesis block has already been created? And how does this effect the trusted setup argument?

Thanks.

The genesis block is unrelated to the zcash parameters. the trusted setup argument requires assuming that ALL participants in creating the zcash parameters are colluding.

And if there is such a collusion and it is used to inflate the currency supply, it will be discovered and ALL the participants would be found out that they colluded. Also, market value of zcash will plummet, so it seems that smart people wouldnt collude together to be exposed as a colluding group, even if they were unethical and open to stealing.

Does anybody really believe that Matt Green, et. all will all be colluding to steal zcash? ALL of them? knowing that if they utilize the ability to steal the coins that they will be caught and that there is no doubt as to who did the stealing?

Because of this I do not worry about the trusted setup argument

[jl777]

We are past the block 34000 hardfork and also it looks like all the crashes and mining issues are solved.

I found a little complication I need to solve in addition to the 5% APR, but since the 5% APR will be another hardfork best to leave that till next week. I think I see how to do it, but prefer to have a more general approach that will apply to PAX.

So, dont worry if there arent many updates over the weekend. We have dPoW aware komodod and iguana notary dapp both running. The 5% APR is totally independent of dPoW, but it is part of the BTCD coin parameters.

[Thenoticer]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

Would this mean that a genesis block has already been created? And how does this effect the trusted setup argument?

Thanks.

The genesis block is unrelated to the zcash parameters. the trusted setup argument requires assuming that ALL participants in creating the zcash parameters are colluding.

And if there is such a collusion and it is used to inflate the currency supply, it will be discovered and ALL the participants would be found out that they colluded. Also, market value of zcash will plummet, so it seems that smart people wouldnt collude together to be exposed as a colluding group, even if they were unethical and open to stealing.

Does anybody really believe that Matt Green, et. all will all be colluding to steal zcash? ALL of them? knowing that if they utilize the ability to steal the coins that they will be caught and that there is no doubt as to who did the stealing?

Because of this I do not worry about the trusted setup argument

I guess I just don't quite understand. " The genesis block is unrelated to zcash parameters"

My thinking is getting hung up on this statement.

if we can get that and also verify that election ratification works, then there is no need to reset the chain

I assumed reset the chain meant create a new genesis block, as wouldn't a "chain" imply it is using a genesis block. Is the testnet chain using a genesis block?

Thanks for the clarity.

[jl777]

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

Would this mean that a genesis block has already been created? And how does this effect the trusted setup argument?

Thanks.

The genesis block is unrelated to the zcash parameters. the trusted setup argument requires assuming that ALL participants in creating the zcash parameters are colluding.

And if there is such a collusion and it is used to inflate the currency supply, it will be discovered and ALL the participants would be found out that they colluded. Also, market value of zcash will plummet, so it seems that smart people wouldnt collude together to be exposed as a colluding group, even if they were unethical and open to stealing.

Does anybody really believe that Matt Green, et. all will all be colluding to steal zcash? ALL of them? knowing that if they utilize the ability to steal the coins that they will be caught and that there is no doubt as to who did the stealing?

Because of this I do not worry about the trusted setup argument

I guess I just don't quite understand. " The genesis block is unrelated to zcash parameters"

My thinking is getting hung up on this statement.

if we can get that and also verify that election ratification works, then there is no need to reset the chain

I assumed reset the chain meant create a new genesis block, as wouldn't a "chain" imply it is using a genesis block. Is the testnet chain using a genesis block?

Thanks for the clarity.

All blockchains have a genesis block, it is just the first block that all nodes start from.
If we reset the chain, we will likely change the genesis block, but that is independent as you can reset the chain (start over from genesis) without changing the genesis.

[someone111]

How many more notaries you need?

How many can be hosted by the same person?

I am thinking back and forth about helping out, but I don't like the idea that I might be investing money and time to set up one or multiple notaries and then be voted out by dolphins and whales for no other reason then they wanting to host the notary themselves. Any assurance?

[jl777]

How many more notaries you need?

How many can be hosted by the same person?

I am thinking back and forth about helping out, but I don't like the idea that I might be investing money and time to set up one or multiple notaries and then be voted out by dolphins and whales for no other reason then they wanting to host the notary themselves. Any assurance?

max of 4 by same person, one per region

from what I can tell, most whales wont bother with running notary nodes, but rather would just vote for the established testnet notaries who have proven they know what they are doing.

So I cant guarantee that you will be elected, but if you dont run a test node i dont think you would get many votes. What a lot of notaries that want to run multiple notaries is to get one of them working during the testnet and then they can run as candidate for multiple slots

[KomodoPlatform]

How many more notaries you need?

How many can be hosted by the same person?

I am thinking back and forth about helping out, but I don't like the idea that I might be investing money and time to set up one or multiple notaries and then be voted out by dolphins and whales for no other reason then they wanting to host the notary themselves. Any assurance?

There will be total of 64 notary nodes. It looks like there are currently 18 persons running in the election. It is crowded in EU, but I think there's still free space in the other regions.

You can run 4 notary nodes max, one in each region.

The investors want to elect those who they know to be capable of running a node. For that we encourage everyone to run a test notery node, join #notarynode channel for more info

Also here are some useful links:
Setup Komodo Notary Node https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
https://www.komodoelection.com/
https://steemit.com/komodo/@komodoplatform/notary-node-elections
https://steemit.com/komodo/@komodoplatform/komodo-zcash-pow-with-dpow-consensus-mechanism
https://komodoplatform.useresponse.com/topic/can-you-give-me-information-about-the-notary-nodes-election-process
https://komodoplatform.useresponse.com/knowledge-base/article/do-we-need-to-have-the-dedicated-server-already-in-place-for-the-vote-or-is-it-enough-to-describe-the-server-which-will-be-ordered-after-a-successful-candidacy

[Scott J]

What calculation is made for the predicted balance?