gulachov
Member
 Offline
Activity: 111
Merit: 10
|
 |
October 30, 2016, 03:54:11 AM |
|
Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
There will be no extra coins. 10mil to devs, 90 mils to investors on the pro-rata basis (based on the % of your investment in the ICO) |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 06:33:23 AM |
|
I watched the first video interview and still have no idea what this is... or why it is needed...
The purpose of Komodo is to secure other blockchains. In the video I attempted to describe the risk associated with starting your own chain. In short if a blockchain does not have adequate security either through diversified hashing power or diversified coin supply in the case of PoS coins it is quite possible and feasible for a malicious actor to "take over" a blockchain. Komodo's dPoW prevents this hostile takeover through a process of notarization which is similar to multisignature but has some fundamental differences. By submitting the notarized blockhashes of third party coins to be recorded in Bitcoins blockchain a reference point is created to determine validity of the chain. History of these third party chains will not be able to be altered by an attacker because legitimate nodes can reference our notarized submission. dPoW is integral for many our technologies to be secure and functional. Assetchains for instance are a "blockchain-on-demand" service, an altcoin in its own right. One of the barriers for blockchain entrepeneurs is the high cost of securing the coin either through recruiting miners or mining themselves. dPoW allows for chains with limited resources in these areas to be secure. By having these secure assets applications can be developed to use them. Our PAX is a great example of this. Each fiat token represented is a blockchain that is secured through our dPoW method. |
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 06:41:03 AM |
|
Wait a minute, what is komodo and why suddenly involved with zcash? why komodo says : come and invest in zcash ico?
Komodo is a fork of Zcash. We contain all of Zcash's technologies, including zk-SNARKS, in addition we bring to the table our own technology which is built on top of that coin. Zcash conducted it fundraising through venture capital it was not possible for the average person to get in on the ground floor ( Founder's Reward). Komodo on the other hand is a crowdfunded project which does not discriminate who gets to participate in the ICO and who doesn't. |
|
|
|
|
|
jstern
|
|
October 30, 2016, 06:45:49 AM |
|
Komodo is separate from zcash right?
|
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 06:50:30 AM |
|
The key point that people seem to overlook when it comes to the Komodo project is that our technologies are already working. Currently they are in the process of debugging and testing, which if you ever built a program understand that this is a very time-consuming process.
When you invest in this ICO you are not investing in vaporware or theoretical experiments, this is live, working code. This can be proven as well, as our dPoW is currently submitting notarized data to Bitcoin's blockchain and can be viewed by a simple tx lookup on a block explorer.
We invite any and all to take a look at the code jl777 has been patiently developing for 2 years and urge you to build komodo yourself so that you can see what it actually does and the functions and features contained within it.
|
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 06:52:14 AM |
|
Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash. |
|
|
|
|
|
cebb
|
|
October 30, 2016, 07:00:27 AM |
|
The key point that people seem to overlook when it comes to the Komodo project is that our technologies are already working. Currently they are in the process of debugging and testing, which if you ever built a program understand that this is a very time-consuming process.
When you invest in this ICO you are not investing in vaporware or theoretical experiments, this is live, working code. This can be proven as well, as our dPoW is currently submitting notarized data to Bitcoin's blockchain and can be viewed by a simple tx lookup on a block explorer.
We invite any and all to take a look at the code jl777 has been patiently developing for 2 years and urge you to build komodo yourself so that you can see what it actually does and the functions and features contained within it.
Yeah the dev has successfully copied zcash technology. Now what? I dont see any real world use case for komodo. Zcash price will slowly decline to peanuts and so will the price of kmd. No reward for investors. I would be very careful investing in any zcash copycat. A lot of dev want to take advantage if this zcash hyoe. Dont lose money in the zcash hype. |
|
|
|
|
|
jstern
|
|
October 30, 2016, 07:29:48 AM |
|
Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash. What are the features that it adds? I read that it uses the Bitcoin blockchain. There's no way for it to be traceable there right? |
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 07:31:29 AM |
|
The key point that people seem to overlook when it comes to the Komodo project is that our technologies are already working. Currently they are in the process of debugging and testing, which if you ever built a program understand that this is a very time-consuming process.
When you invest in this ICO you are not investing in vaporware or theoretical experiments, this is live, working code. This can be proven as well, as our dPoW is currently submitting notarized data to Bitcoin's blockchain and can be viewed by a simple tx lookup on a block explorer.
We invite any and all to take a look at the code jl777 has been patiently developing for 2 years and urge you to build komodo yourself so that you can see what it actually does and the functions and features contained within it.
Yeah the dev has successfully copied zcash technology. Now what? I dont see any real world use case for komodo. Zcash price will slowly decline to peanuts and so will the price of kmd. No reward for investors. I would be very careful investing in any zcash copycat. A lot of dev want to take advantage if this zcash hyoe. Dont lose money in the zcash hype. Real World Use Case #1 : Securing weak blockchains Real World Use Case #2 : Creating your own blockchain Real World Use Case #3 : Pegged Assets and Futures Trading Real World Use Case #4 : DEX along with associated ledger Real World Use Case #5 : Fungible Currency Real World Use Case #6 : Blockchain Services ( Sandboxed smart contracts, File Integrity services and others ) |
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 07:40:33 AM |
|
Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash. What are the features that it adds? I read that it uses the Bitcoin blockchain. There's no way for it to be traceable there right? Features that Komodo adds by itself: Delayed Proof of Work - submission of notarized hashes to maintain blockchain integrity of third party and self-generated chains. Assetchains: Create your own Zcash fork from command-line Features SuperNET tech contributes: DEX - Decentralized Exchange PAX - Pegged Asset Exchange - speculate on the value of crypto and fiat currencies relative to each other Ramchains - ultra fast blockchain syncing Iguana - Multiwallet that allows you to be a full node to multiple coins at once without draining computer resources tremendously Basilisk - Light Client that can be run simultaenously with Iguana for coins that one does not necessarily wish to support their network. Future contributions Gecko - Create your own smart contract/ conditional logic based blockchain Pangea - Decentralized Poker Jumblr - Coin Mixer for transparent coins and others TBA It submits data to bitcoin blockchain it is not built on top of bitcoin like Counterparty is. |
|
|
|
|
|
jstern
|
|
October 30, 2016, 07:50:37 AM |
|
Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash. What are the features that it adds? I read that it uses the Bitcoin blockchain. There's no way for it to be traceable there right? Features that Komodo adds by itself: Delayed Proof of Work - submission of notarized hashes to maintain blockchain integrity of third party and self-generated chains. Assetchains: Create your own Zcash fork from command-line Features SuperNET tech contributes: DEX - Decentralized Exchange PAX - Pegged Asset Exchange - speculate on the value of crypto and fiat currencies relative to each other Ramchains - ultra fast blockchain syncing Iguana - Multiwallet that allows you to be a full node to multiple coins at once without draining computer resources tremendously Basilisk - Light Client that can be run simultaenously with Iguana for coins that one does not necessarily wish to support their network. Future contributions Gecko - Create your own smart contract/ conditional logic based blockchain Pangea - Decentralized Poker Jumblr - Coin Mixer for transparent coins and others TBA It submits data to bitcoin blockchain it is not built on top of bitcoin like Counterparty is. I'll think about this coin. The thing that's stopping me is the price of Bitcoin at the moment compared to a couple of weeks ago. |
|
|
|
|
|
polycryptoblog
|
|
October 30, 2016, 07:51:47 AM |
|
Bitcoin tx for notarized submission
9e373d3f71337cea47db484d9e21679bf7faa2d2763c8aa76fbc30fbb4361fcf
|
|
|
|
|
jl777 (OP)
Legendary
Offline
Activity: 1176
Merit: 1132
|
|
October 30, 2016, 09:30:25 AM |
|
Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash. What are the features that it adds? I read that it uses the Bitcoin blockchain. There's no way for it to be traceable there right? the notarization tx are created by notary nodes and this is public, we want to know that the notaries notarized it, so those are fully traceable. komodo provides bitcoin security for itself and other blockchains. I am currently debugging 32 such blockchains, one for each of 32 different fiat equivalents. Each of these USD chain, EUR chain, etc. will be secured by dPoW. Due to the way blockhashes are calculated, every transaction in the KMD chain is notarized when the KMD blockhash is notarized. This means every transaction in the KMD chain is notarized, including the transaction that notarized the USD assetchain. There is no practical limit to the number of other blockchains that KMD can notarize. Please note that the notarization process is independent of zcash technology. However, by having the zcash tech, it means you can protect your funds, be it KMD, USD assetchain, etc. |
|
|
|
|
|
|
zahra4577
|
|
October 30, 2016, 10:10:46 AM |
|
With btc price is high now,those who invested earlier have spent less.It is better to invest now than after few days when btc is more expensive
|
|
|
|
|
KomodoPlatform
|
|
October 30, 2016, 10:35:20 AM |
|
Yeah the dev has successfully copied zcash technology. Now what? I dont see any real world use case for komodo. Zcash price will slowly decline to peanuts and so will the price of kmd. No reward for investors.
I would be very careful investing in any zcash copycat. A lot of dev want to take advantage if this zcash hyoe. Dont lose money in the zcash hype.
Komodo is more than just a simple fork. See what we posted yesterday: https://bitcointalk.org/index.php?topic=1605144.msg16723402#msg16723402Polycryptoblog gave a nice answer too: https://bitcointalk.org/index.php?topic=1605144.msg16727264#msg16727264Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
We will distribute all the 90M KMD coins, no matter how much we raise. Forgive us, it was our first interview. We admit that we cannot give as throughout answers as our lead developer jl777 could. If you are looking very technical answers and in-depth information then this thread, our Steemit articles, and jl777's development updates are the best source. We are continuously trying to improve our ability to explain this complex project (SuperNET/Iguana/Komodo) to our investors. |
|
|
|
|
KomodoPlatform
|
|
October 30, 2016, 10:39:11 AM |
|
Meanwhile in SuperNET slack...
Boogieman posted a GUI update on #iguana channel: The GUI update:
1. We discovered different cases for amount and fee input in the sending function, so we created states screens and already deployed them.
2. Added animations to show common and sub-wallets balance and transaction history updating progress.
3. Done with responsiveness for desktop dimensions and working to make it mobile.
4. We also discovered some technical issues with old or less popular browsers, so we decided not account only Chrome, Firefox and Safari of the latest two versions so far. We will support other browsers or older version on demand.
5. As coins have unique logos, signs we have to make some visual adaptation of them to use in Iguan App. And as there are more then 100 coins, it will take some time to have them onboarding just because of the little issue. But we will pushing what is done and I will update the list of the supported coins in the release notes.
Through Iguana multiwallet the Komodo coins can be used in the transparent mode, so its development is highly relevant to us.
All GUI updates so far
|
|
|
|
Wapinter
Legendary
Offline
Activity: 2632
Merit: 1026
Hire me for Bounty Management
|
|
October 30, 2016, 10:51:40 AM |
|
Yeah the dev has successfully copied zcash technology. Now what? I dont see any real world use case for komodo. Zcash price will slowly decline to peanuts and so will the price of kmd. No reward for investors.
I would be very careful investing in any zcash copycat. A lot of dev want to take advantage if this zcash hyoe. Dont lose money in the zcash hype.
Komodo is more than just a simple fork. See what we posted yesterday: https://bitcointalk.org/index.php?topic=1605144.msg16723402#msg16723402Polycryptoblog gave a nice answer too: https://bitcointalk.org/index.php?topic=1605144.msg16727264#msg16727264Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
We will distribute all the 90M KMD coins, no matter how much we raise. Forgive us, it was our first interview. We admit that we cannot give as throughout answers as our lead developer jl777 could. If you are looking very technical answers and in-depth information then this thread, our Steemit articles, and jl777's development updates are the best source. We are continuously trying to improve our ability to explain this complex project (SuperNET/Iguana/Komodo) to our investors. You tried your best to explain.A lot has already been explained comprehensivly in this thread and on steemit.Good communicationis essential but not a barrier for good ideas to spread |
|
|
|
|
BitPotus
|
|
October 30, 2016, 11:01:23 AM |
|
Yeah the dev has successfully copied zcash technology. Now what? I dont see any real world use case for komodo. Zcash price will slowly decline to peanuts and so will the price of kmd. No reward for investors.
I would be very careful investing in any zcash copycat. A lot of dev want to take advantage if this zcash hyoe. Dont lose money in the zcash hype.
Komodo is more than just a simple fork. See what we posted yesterday: https://bitcointalk.org/index.php?topic=1605144.msg16723402#msg16723402Polycryptoblog gave a nice answer too: https://bitcointalk.org/index.php?topic=1605144.msg16727264#msg16727264Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
We will distribute all the 90M KMD coins, no matter how much we raise. Forgive us, it was our first interview. We admit that we cannot give as throughout answers as our lead developer jl777 could. If you are looking very technical answers and in-depth information then this thread, our Steemit articles, and jl777's development updates are the best source. We are continuously trying to improve our ability to explain this complex project (SuperNET/Iguana/Komodo) to our investors. wow, you guys don't realize you are just being strung along by your "lead developer" jl777 who's fluttering around from project to project while at the same time raising shit loads of BTC......... well, you'll get what you deserve for being so gullible, i suppose...... |
|
|
|
|
yassin54
Legendary
Offline
Activity: 1540
Merit: 1000
|
|
October 30, 2016, 11:02:13 AM |
|
4 hours left to receive a 15% bonus, be part of our ICO. |
|
|
|
|
|
