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

[metropolia]

Now assetchains are nearing completion, it would be good if there was someone working on a GUI to manage the creation of new chains. I havent yet added all the possible variants as getting the basics working with dPoW was the priority. And nothing better to make clear what all the options that are needed than having a GUI made for it. Plz post in #komodo if you are available to work on such a GUI, it would likely end up being a page in satinder's iguana GUI.

The main function I see in the GUI is "create chain" and it needs at a minimum a name, pubkeys of notarizers, supply. Once a chain is started, then other nodes can use the generated iguana code to connect to it or run another mining node.

under the hood, what is needed is:
./komodod -ac_name=NAME -ac_supply=1000000

the above starts the chain and other nodes would connect to it via:
./komodod -ac_name=NAME -ac_supply=1000000 -addnode=<ipaddress>

at this point there is a fully working zcash clone called NAME, it deterministically generates a genesis block, port, netmagic and sends the supply coins to the wallet of the creator. Normal transactions can be done along with protected zcash transactions and even the DEX and LP nodes can be used with the NAME coin.

I just updated it so when you spawn a new assetchain, the matched genCOIN file to add it to iguana is automatically created. it even synced the first blocks

If you are able to do GUI and some systems work (ie. automate creation of explorers) contact me. This is a paid task, just not sure how much work it will be so the first step is to get a qualified person to assess the amount of work it is

Near the completion? People will be very happy if it is completed, I stay tuned. 

[tomsmith26]

Now assetchains are nearing completion, it would be good if there was someone working on a GUI to manage the creation of new chains. I havent yet added all the possible variants as getting the basics working with dPoW was the priority. And nothing better to make clear what all the options that are needed than having a GUI made for it. Plz post in #komodo if you are available to work on such a GUI, it would likely end up being a page in satinder's iguana GUI.

The main function I see in the GUI is "create chain" and it needs at a minimum a name, pubkeys of notarizers, supply. Once a chain is started, then other nodes can use the generated iguana code to connect to it or run another mining node.

under the hood, what is needed is:
./komodod -ac_name=NAME -ac_supply=1000000

the above starts the chain and other nodes would connect to it via:
./komodod -ac_name=NAME -ac_supply=1000000 -addnode=<ipaddress>

at this point there is a fully working zcash clone called NAME, it deterministically generates a genesis block, port, netmagic and sends the supply coins to the wallet of the creator. Normal transactions can be done along with protected zcash transactions and even the DEX and LP nodes can be used with the NAME coin.

I just updated it so when you spawn a new assetchain, the matched genCOIN file to add it to iguana is automatically created. it even synced the first blocks

If you are able to do GUI and some systems work (ie. automate creation of explorers) contact me. This is a paid task, just not sure how much work it will be so the first step is to get a qualified person to assess the amount of work it is

very interesting . I see all your works improved and moving ahead . I hope it will hit fast running for more big exchanges

[BitcoinOnFire]

guys is it easy to allow KMD for alternative anon tech? just for marketing purposes. If it's not very hard to do - allowing different tech of anon - just because people have some beliefs - could be good marketing strategy. Obviously here I'm talking about monero tech 

Or monero can be simply used by iguana wallet as alternative currency? so in the end those users will be attracted as well?

Perfect would be to have some kind of ?API? to easily plug in alternative anon tech if any new/better/more wanted by people appears.

[KomodoPlatform]

guys is it easy to allow KMD for alternative anon tech? just for marketing purposes. If it's not very hard to do - allowing different tech of anon - just because people have some beliefs - could be good marketing strategy. Obviously here I'm talking about monero tech 

Or monero can be simply used by iguana wallet as alternative currency? so in the end those users will be attracted as well?

Perfect would be to have some kind of ?API? to easily plug in alternative anon tech if any new/better/more wanted by people appears.

We cannot add any additional privacy features, and it's not even needed as the zk-SNARK technology alone makes everything 100% private.

The Iguana wallet can support all bitcoin compatible coins, like Komodo and Zcash. From the monero's thread I found: "Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code", so I'm afraid it's not possible to use monero in Iguana wallet.

The skepticism towards Zcash has nothing to do with its privacy technology, but with the 'toxic waste' that would allow someone to print new money into existence. However, that would require that all 6 persons who took part in the "ceremony" colluded together. The good thing though is, that this 'toxic waste' doesn't risk anyones anonymity and everyone can monitor that the Zcash/Komodo supply stays in its limitations. Even if they would create this toxic waste they could not make the private payments transparent.

In all scenarios the private transactions made by Komodo or Zcash stay 100% private. 

[loremipsum]

guys is it easy to allow KMD for alternative anon tech? just for marketing purposes. If it's not very hard to do - allowing different tech of anon - just because people have some beliefs - could be good marketing strategy. Obviously here I'm talking about monero tech 

Or monero can be simply used by iguana wallet as alternative currency? so in the end those users will be attracted as well?

Perfect would be to have some kind of ?API? to easily plug in alternative anon tech if any new/better/more wanted by people appears.

This idea is good but not feasible I think. Monero is based on Cryptonote tech originally used in Bytecoin. Shadowcash and NAV are other anon-coins not based on Cryptonote but I don't know if they can be added to Iguana

[jl777]

guys is it easy to allow KMD for alternative anon tech? just for marketing purposes. If it's not very hard to do - allowing different tech of anon - just because people have some beliefs - could be good marketing strategy. Obviously here I'm talking about monero tech 

Or monero can be simply used by iguana wallet as alternative currency? so in the end those users will be attracted as well?

Perfect would be to have some kind of ?API? to easily plug in alternative anon tech if any new/better/more wanted by people appears.

This idea is good but not feasible I think. Monero is based on Cryptonote tech originally used in Bytecoin. Shadowcash and NAV are other anon-coins not based on Cryptonote but I don't know if they can be added to Iguana

It would be possible, but I personally wont be able to do it any time soon. especially the basilisk mode is suited for non-bitcoin protocol coins.

If other protocols want to help extend iguana, I am certainly open to working with them.

[yassin54]

Komodo’s dPoW & fiat redeems are working.

https://komodoplatform.com/komodos-dpow-fiat-redeems-are-working/

Tweet : https://twitter.com/KomodoPlatform/status/796321378433728512

Reddit : https://www.reddit.com/r/komodoplatform/comments/5c0ol6/komodos_dpow_fiat_redeems_are_working/

Facebook : https://www.facebook.com/KomodoPlatform/posts/361192244227353

News SuperNET : http://news.supernet.org/posts/HHpjzAcBRgtBGdKE3/komodo-s-dpow-and-fiat-redeems-are-working

[kryptopojken]

Sorry for basic question, but do I have to have my computer on and wallet open 24/7 to contstantly stake my BTCD coins?

[grewalsatinder]

Komodo Swing Wallet GUI



https://github.com/satindergrewal/zcash-swing-wallet-ui

I was just testing APIs for Komodo GUI, and was looking for existing wallets what APIs they used.

Came across this Zcash's third party open source client based on Java code. It is very basic level client, and is cross platform. It sure will be help full to get relevant APIs to utilise in my EasyDEX-GUI version of Komodo GUI interface.

I have been developing backend javascript code for Komodo GUI and will link that to relevant GUI section in coming days. Hoping to get things done as fast as I can even being so busy with my day job, and getting less time after work.

So, with Zcash Swing Wallet code, I did tiny bit of change here and there, and it works perfectly fine in my tests with komodod, for only the functions which are similar in between Zcash and Komodo.

Komodo GUI will include more Komodo specific functions as that's main Komodo GUI being built under EasyDEX-GUI.


EDIT: Oh! I forgot to mention. Consider this Java wallet for advanced users please.

Here are some more screen shots:

[KomodoPlatform]

Sorry for basic question, but do I have to have my computer on and wallet open 24/7 to contstantly stake my BTCD coins?

I believe so, but...

In a few weeks you can swap your BTCD to KMD. With KMD the "staking" is even easier, and anyone can do it, and you will get the same 5 % APR.

[yassin54]

Komodo Swing Wallet GUI.

https://bitcointalk.org/index.php?topic=1605144.msg16823170#msg16823170

Tweet : https://twitter.com/KomodoPlatform/status/796331283823661057

Reddit Komodo : https://www.reddit.com/r/komodoplatform/comments/5c0uuj/komodo_swing_wallet_gui/

Reddit Bitcoin : https://www.reddit.com/r/btc/comments/5c0ux1/komodo_swing_wallet_gui/

Reddit Cryptocurrency : https://www.reddit.com/r/CryptoCurrency/comments/5c0uvn/komodo_swing_wallet_gui/

Facebook : https://www.facebook.com/KomodoPlatform/posts/361216667558244

News SuperNET : http://news.supernet.org/posts/xkSeApuZmLWMvzHMc/komodo-swing-wallet-gui

[barbierir]

Sorry for basic question, but do I have to have my computer on and wallet open 24/7 to contstantly stake my BTCD coins?

No, when you unlock it you get the stake revenue for all the time, regardless if it was offline or not. Of course you miss the compound interests.

[M++]

What about zclassic ?

[jl777]

What about zclassic ?

what about it?
making a zcash clone is as easy as:

./komodod -ac_name=zclassic -ac_supply=21000000

the above will create 21 million zclassic coins, and just add more nodes and you get a network

since there is no practical limit to the number of such zcash clones that can be made via command line, i dont see much value creation by ZCL

[anewafresh]

Through how many after the ICO, the coin will be released on the exchange?

We will distribute the coins ~ 2 weeks after the ICO. We don't know when the exchanges will list us, you will have to ask them about it!

How much time will be allowed for the BTCD swap after the ICO? Since distribution is planned within 2 weeks of the ICO, all BTCD swaps should be completed before that right?

You will be able to swap to get the coins at the same time as everyone else.

We will reserve enough KMD so we are able to swap every BTCD. The BTCD can be swapped at any time for one full year.

Thanks for the reply. Obviously not all of the BTCD will be swapped since some will be lost etc. So what would happen to the remaining KMD supply reserved for BTCD swaps?

They would be used as working capital for development.

I'm all for more development capital as I'm sure a big budget can mean better development and marketing. However, I do hope the number of BTCD that is not swapped wont be too high. If I have my calculations right, if 20% of the BTCD is not swapped, that could mean an extra 12% with the devs (above the already reserved 10%) which means ICO investors are only investing in only 78% of the supply which is a bit concerning to me as an investor.

[szachta]

I need windows wallet,linux sheet. I will support when windows wallet will be.

[loremipsum]

Through how many after the ICO, the coin will be released on the exchange?

We will distribute the coins ~ 2 weeks after the ICO. We don't know when the exchanges will list us, you will have to ask them about it!

How much time will be allowed for the BTCD swap after the ICO? Since distribution is planned within 2 weeks of the ICO, all BTCD swaps should be completed before that right?

You will be able to swap to get the coins at the same time as everyone else.

We will reserve enough KMD so we are able to swap every BTCD. The BTCD can be swapped at any time for one full year.

Thanks for the reply. Obviously not all of the BTCD will be swapped since some will be lost etc. So what would happen to the remaining KMD supply reserved for BTCD swaps?

They would be used as working capital for development.

I'm all for more development capital as I'm sure a big budget can mean better development and marketing. However, I do hope the number of BTCD that is not swapped wont be too high. If I have my calculations right, if 20% of the BTCD is not swapped, that could mean an extra 12% with the devs (above the already reserved 10%) which means ICO investors are only investing in only 78% of the supply which is a bit concerning to me as an investor.

The thing is nobody knows how many BTCD will not be swapped. It might be too low or too high. In the second case you are right, it will affect the ICO supply. Maybe a part of the capital could be given to ICO investors, if its too high? Just a thought.

[Relaxedsense]

Would it safe to assume that BTCD is going to increase the total amount invested by around 5000 BTC, which I came up with by using about 1 Mil BTCD?

Thanks

[barbierir]

Would it safe to assume that BTCD is going to increase the total amount invested by around 5000 BTC, which I came up with by using about 1 Mil BTCD?

Thanks

Yes they count for the distribution of KMD (of course those 5000 don't exist as actual capital for development!).
On the website there is useful spreadsheet calculator: https://komodoplatform.com/downloads/kmdcalculator.xls

[jl777]

Based on the level of funding that we have gotten so far, we wont be able to fund 64 nodes, so it is likely that we will end up with 32 notary nodes.

While it is possible the last days will bring in more funds, if to estimate the likely level, it is safer to assume 32 notary nodes