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

[KomodoPlatform]

I went through the Komodo white paper, the concept looks good, and notory concept is ok as per dPoS, however the central question is really how BTC will allow you to send your transaction to their blockchain? Certainly they can't allow this, otherwise X coin, Y coin all can do the same, which will mess up BTC chain. Without it, the Komodo will be nothing new, it will be a plain PoW or PoS coin.

Maybe dev can provide some more details how you can get to Bitcoin's blockchain?

I have spent a lot of time to use totally standard transactions:

https://blockchain.info/address/1P3rU1Nk1pmc2BiWC8dEy9bZa1ZbMp5jfg

If these are made illegal, a large number of other transactions will become illegal and I really doubt dPoW represents any danger to BTC, in fact it leverages BTC and helps BTC.

Thanks for the reply. While you can make transactions conforming BTC's protocol, if they keep accepting these, the already huge BTC blockchain will become even bigger, I can't imagine how they could allow that (remember Komodo will not be the only one). It's a great concept to use it, but at some point they will have to stop it, unless you will convince them to make it like Ethereum, with sidechains etc trying to cover the whole world. In that case, maybe yes, but they'll have to change big their structure.

Hi!

Actually very likely Komodo will be the only one to do notarizations to Bitcoin blockchain! Other blockchains will send the transactions to Komodo's blockchain, and through the linkage they will get Bitcoin level security.

On our roadmap we are also looking to solve the scalability issues. We mention that in our latest Steemit article: Bitcoin Will Ride With Lizards

[stereotype]

Hello how big is the Komodo Team ? How people work on it ? Thanks for all Infos

Have a good time
Cryptomankey

You can find team members and advisors here https://komodoplatform.com/#about, some of them have small bios included. Moreover there are job opportunities available.

This seems to be a constant need....even back in the NXT days. Why? Why are people not jumping at the chance to be part of Jame's vision? Ive never understood, why apparently, so few people get involved.

[KomodoPlatform]

What is ico average price ?
Where to trade ?

We distribute 90% of the supply (90M KMD) to our investors. Later today when the ICO ends we can calculate the exact KMD/BTC exchange rate. You should get a pretty good picture with our ICO calculator though.

Our ICO is still going on, you can't trade it yet. We will distribute the coins about 2 weeks from now, and then it could be traded.

Hello how big is the Komodo Team ? How people work on it ? Thanks for all Infos

Have a good time
Cryptomankey

Hello!

You can see our team from our website, along with some introductions.

Komodo is a sub-project of SuperNET, so some people are working on closely related projects, and some people who work for the SuperNET are not listed on Komodo's website.

For example, boogieman and his team is working on Iguana multiwallet GUI. Strictly speaking it's not a Komodo wallet, but you can use Komodo from it. Grewal satinder is working on the Komodo wallet.

We are looking to hire more people. Please send your application to contact@komodoplatform.com if you are interested!

[kaicrypzen]

This is such a trap for BTCD holders. No buy support and all I want is to GTF out of this KMD swap.... what a joke. I dont want KMD and I'm stuck with BTCD or have to sell so cheap its a total fucking disaster. Sorry for all who invested. The price is going to tank like Steem after it hits exchanges. I just hope I can recover some of my initial BTC investment into BTCD waaay back when.

Is there going to be buy support wall for those who want out? I sure hope so.

i dont get it.

You get a better price then during the ico and (maybe) a final and working Plattform at the end.

Selling now doesnt make much sense to me.

If the price doesn't fall under ICO price or falls to a given extent (proportional to the gap between what you paid for BTCD and the final swap rate), then your KMD will be worth more than what you paid for them. With BTC's rise, and in the case it continues to rise, then there is a chance that KMD (and BTCD) will be negatively affected in the short term.

Some people are probably thinking this swap is only killing BTCD. The pice is at 40 for a month now due to the constant dumps. Just place your sell order at the fair price. Someone will pick it up eventually.

I personally don't find it easy to define "fair" when it comes to cryptocurrency prices .

[jl777]

I went through the Komodo white paper, the concept looks good, and notory concept is ok as per dPoS, however the central question is really how BTC will allow you to send your transaction to their blockchain? Certainly they can't allow this, otherwise X coin, Y coin all can do the same, which will mess up BTC chain. Without it, the Komodo will be nothing new, it will be a plain PoW or PoS coin.

Maybe dev can provide some more details how you can get to Bitcoin's blockchain?

I have spent a lot of time to use totally standard transactions:

https://blockchain.info/address/1P3rU1Nk1pmc2BiWC8dEy9bZa1ZbMp5jfg

If these are made illegal, a large number of other transactions will become illegal and I really doubt dPoW represents any danger to BTC, in fact it leverages BTC and helps BTC.

Thanks for the reply. While you can make transactions conforming BTC's protocol, if they keep accepting these, the already huge BTC blockchain will become even bigger, I can't imagine how they could allow that (remember Komodo will not be the only one). It's a great concept to use it, but at some point they will have to stop it, unless you will convince them to make it like Ethereum, with sidechains etc trying to cover the whole world. In that case, maybe yes, but they'll have to change big their structure.

If bitcoin decides to stop accepting transactions, then you are right we cant use it to notarize anymore. However, that means that bitcoin wont be doing transactions anymore and this seems highly improbable.

even in this unlikely event, we can always switch to another chain.

also keep in mind, only KMD has to use the BTC chain, other chains can use KMD and piggyback onto the KMD notarization

[jl777]

It took while, but we finally got a 64 node ratify done.
also 5% APR is working without any reported issues

I also sped up assetchains by orders of magnitude and komodo now has equivalent to sidechains that it can use if the need arises. But with GUI needed for pax and assetchains, seems little sense to add a sidechains API for now.

What is left to do is restore some functionality I disabled while speed optimizing the assetchains and then all the hardforking changes are done.

Which means we are at 90%+ likelihood that the current testchain is actually the main net and that it has been running longer than any other zero knowledge chain. Cant be 100% sure yet, but the finish line is right around the corner for komodod itself.

After that I will port the DEX over to the notary nodes for the orderbook so we have a highly redundant set of high performance nodes that all the other nodes can get the orderbooks from.

[markus1000]

is there already a date set for the BTCD snapshot?

[thepo1m]

Any update on the ICO and when to move our coins, I think it is going to end today

[Northa]

In my komodo cabinet:

Minimum amount per Transaction: 0.0777 BTC

Can i invest to ICO 0.05 BTC?

[super55]

In my komodo cabinet:

Minimum amount per Transaction: 0.0777 BTC

Can i invest to ICO 0.05 BTC?

Sorry, I don't thinks you able to invest below the minimum Transaction....at least you need to send the minimum 0.0777 BTC

[BALIK]

In my komodo cabinet:

Minimum amount per Transaction: 0.0777 BTC

Can i invest to ICO 0.05 BTC?

You cannot invest 0.05 bitcoin since the minimum amount per transaction is 0.0777 BTC higher so it must be 0.0778 BTC to show the transaction on your ICO account, I suggest to you after the komodo release just buy immediately in reputable exchanger site.

[KomodoPlatform]

Share our third article!

Tweet to Russia: https://twitter.com/KomodoPlatform/status/800322777903304704
Tweet to China: https://twitter.com/KomodoPlatform/status/800328716672966656

Thank you

[RJF19]

Hello @all i am cryptomankey  my first Post    (i am a newbie 🙈But you will still hear a lot from me but only good ones   )
 Komodo is my first ICO i invest.But i have begin mine Bitcoins&Altcoins 2013 .In Cryptography we trust  

I wish good luck for this project .


Have all a good weekend ✌🤗😎✌
Cryptomankey

Welcome to the new world Cryptomankey! May your journey be a pleasant one.

[jacaf01]

If my timer is correct we have less than 1 hr to the end of the ICO, I don't think the project have good twitter coverage maybe it could have given this project between 1 - 10% fund invested advantage, nevertheless the project has been a success 2638BTC raised so far. Best of luck

[KomodoPlatform]

OUR ICO ENDS IN 20 MINUTES

Thank you for your support!

[torikan]

I wish my entire team success

[rapazev]

Reposted here because limited response in slack...

Putting whichever crypto religion we've sworn our allegiance to this week aside, I'm looking for feedback here:
I can swap some btc for some zcash using bitsquare, perform a zcash transaction to break any traceability and sell my zcash (on bitsquare again) and get myself a lovely new btc with no previous history that can be linked to me.
I can perform the exact same series of steps and achieve the exact same result with zcoin (because it too is based on the zerocoin protocol).

So why then is zcash $70 (down from +2MM) whilst zcoin is $0.70c (down from $10) when the only extra thing zcash seems to offer is undetectable money creation due to the necessity of a trusted setup (which zcoin also had but due to the visibility of the money supply detecting a compromise would be arbitrary)?

The knee jerk reaction I'm expecting is that "it's more anonymous because you cannot see the transaction values" but this is a moot point imo because the whole purpose is to cryptographically break the transaction history which is achieved by both.

Isn't it true that the extra lengths zcash goes to is more like 'security theatre', just like when the zcash founders burned the computer which generated the master private keys. Yeah it looked nice but... so what?

In summary then, why would someone pay 100x more for an equivalent feature found in another coin? Apart from undetectable fraud and higher resource consumption what does zcash offer over zcoin?

Also check out the zcoin and zcash roadmaps respectively.

ps
Don't give me that 'topological analysis' c**p bacause you can see the amounts, you cannot follow coins around in the zcoin blockchain, it's impossible which is why zerocoin was described as perfect money over 3 years ago.

I'm not trying to troll, I'm genuinely intrigued as to what the zcash community knows that I don't?

pps
zcoin is not a zcash clone, in fact zcoin is older than zcash because it was launched ~1 week earlier.

trying to understand why you posted here...
anyway, i'll answear you.

zcash is more expensive because the market wanted that way. simple as that...
it's a mix of marketing, development and love  

you could apply this same question to any crypto with similar projects.

ps: good luck komodo!

[clovis A.]

OUR ICO ENDS IN 20 MINUTES

Thank you for your support!

Congrats on the ICO and good luck to the komodo team!  

I still have a handful of btcd coins on polo/bittrex......when will the snapshot take place and how soon will the btcd/komodo swap begin?  

[KomodoPlatform]

OUR ICO ENDS IN 20 MINUTES

Thank you for your support!

Congrats on the ICO and good luck to the komodo team!  

I still have a handful of btcd coins on polo/bittrex......when will the snapshot take place and how soon will the btcd/komodo swap begin?  

We still haven't announced the exact block when the snapshot will happen.

The snapshot and swap will both happen before we distribute the coins, so within 2 weeks.

We will give an official update as soon as the exact timeline is decided.

[rdanneskjoldr]

Will the distribution be made as if 100% of btcd is swapped?
How can you do it without knowing how many users will convert?
What happens with non claimed funds, specially if its a big %?
Id like to see proof of conversion too in btcd.