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

[clovis A.]

Could you guys please make an addendum to the ANN and the komodoplatform website once snapshot and swap commencement dates have been determined? I think this would be very helpful and it would prevent @KomodoPlatform from answering the same question ten times per day

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[privatenode]

well, if you are interested, on their twitter, they did posted few news. one of them i found very interesting.

https://www.cryptocompare.com/coins/guides/what-is-the-komodo-platform/

so far, enough explain. they should get their homepage updated and get some kind dev progress.  i tried compile their node from github, found some major issues. i'll try tmr with my office server.

Im interested what issues? We have been running the code for nearly 2 months, it is pretty stable now.

I'm currently unavailable to touch my terminal in office, but i met some issue during compile komodo node , pretty much as same as while i was making zcash testnet. i'm going to try it again as soon as i'm able to. and pust on github

[LiskEnterprise]

Apparently there are issues with the Zcash launch technical ones.

Would it also be wise to delay the genisis block well past two weeks and have a prolonged test net?

Anyone who complains should understand Komodo is already able to be traded by proxy in BTCD.

But Zcash is an exterior untested tech.... Why rush a two week start.

Disasters happen without security and testing as in ETH DAO.

https://twitter.com/fluffyponyza/status/800691851128958976


Also i think Komodo will always have a doubt over it as people get more technical and find out that its whole security is based on 6 guys who know each other and work together.

Can this be done with different guys?

JL77, Pondsea, BTCNEXT, CFB, a list of ten guys trusted on different projects.

Look at the comments here.

https://twitter.com/fluffyponyza/status/800932675297144836

https://twitter.com/petertoddbtc/status/793584540891643906

https://twitter.com/gavinandresen/status/798534484111060993

[polycryptoblog]

Apparently there are issues with the Zcash launch technical ones.

Would it also be wise to delay the genisis block well past two weeks and have a prolonged test net?

Anyone who complains should understand Komodo is already able to be traded by proxy in BTCD.

But Zcash is an exterior untested tech.... Why rush a two week start.

Disasters happen without security and testing as in ETH DAO.

https://twitter.com/fluffyponyza/status/800691851128958976


Also i think Komodo will always have a doubt over it as people get more technical and find out that its whole security is based on 6 guys who know each other and work together.

Can this be done with different guys?

JL77, Pondsea, BTCNEXT, CFB, a list of ten guys trusted on different projects.

Look at the comments here.

https://twitter.com/fluffyponyza/status/800932675297144836

https://twitter.com/petertoddbtc/status/793584540891643906

https://twitter.com/gavinandresen/status/798534484111060993

Komodo uses the same zkSNARK parameters as Zcash.  We have not generated them, we are using what the Zcash team has created.   Genesis Block creation  is different than zkSNARK creation.     

As of this time we have no reason to doubt that the Zcash team performed its parameter generation without collusion towards the end of "creating money out of thin air".    What people seem to forget is that the Zcash team is a legitimate company and many who are on their team are well-respected professionals.  If collusion did happen between the participants of the parameter generating ceremony, the company would be in a hell of a lot of legal trouble  not to mention many of the individuals careers would be over.   The consequences of being caught combined with the limited amounts of gains from collusion  ( only profitable if amount of transparent coins is under the amount of coin supply ) makes the likelihood of the toxic waste having been reassembled very minuscule.

In addition the extensive "ceremony" used in parameter generation makes it very unlikely that an outside party would have compromised them.


As to why we do not generate our own parameters and have our own ceremony

1)  We could not accomplish the same degree of security and procedure that the Zcash team had for the ceremony.
2)  Having our own ceremony would do nothing to alleviate the constant FUD surrounding the infintismal likelihood of the "toxic waste" being reassembled, and would in fact just bring in more illegitimate criticisms because we would not have done an extensive ceremony as Zcash did or rumors that the Komodo team was somehow colluding.

By using their parameters we rid ourselves of that headache.

As it stands right now, Komodo will do its best to launch in 2 weeks  and all appears to be on track for that,  if some issue arises that we have to delay  we will  however  we will not delay for no reason.

[PondSea]

I agree that there is no way to do it any better than it was done for Zcash.

[P-Funk]

Standing by

[KomodoPlatform]

Is there an ETA on when the election rules will be released?

edit:
I'm particularly interested in the time period between elections, will there be a caretaker period to allow continuity so the network always has 64 nodes? When a node operator loses an election they will shutdown their node, but a new node operator might not have their server setup and paid for yet, so it makes sense to let the previous node continue until the new node is ready

edit2:
I suggest having elections 30 days before current node term expires

Notary node candidates

The deadline to become a candidate is next Sunday, November 27th 3PM UTC.

The election will happen roughly one week from that, but no exact date for it yet.

In newsletter #7 we said the following:

When you redeem your KMD after the ICO, you will have to vote. In other words the first voting process is embedded to our ICO. After the notary nodes have been selected the network will officially launch and we distribute the coins. There will be enough time reserved for the voting, that even the BTCD investors get a chance to do the swap and vote.

What about the next election?

If you have paid attention, you have noticed that we haven't talked about the other elections at all... that is because the election process beyond the initial one is still wide open.

We won't make any decision until later, as this is not the development priority. However we have speculated about different possibilities, and the most prominent one is to have periodical elections where some of the candidates are voted out for a re-election. This would drop out the bottom performers and incentivise the notary nodes to perform.

A warning to notary node operators

If you are thinking about setting up a notary node, there are some financial risks involved. There are two issues, 1) no one can guarantee you will get elected, 2) the final notary node number depends on our budget

We are planning to add a field for percentage of subsidy required. That means that each notary node candidate can decide how much guaranteed subsidy they require per node.

There are four regions and within each region, there is a separate election. With each KMD you can vote once in each region.

In other words, we could simply say 1 KMD = 1 vote on each region. There are 100M KMD, so each region will get 100M votes.

We will do an election guide, where we explain how the election process goes in detail.

Since this is important, I'll write it once more with big letter

Deadline to become a notary node candidate is November 27th, 3PM UTC

What to do if you want to become a candidate:
 - Understand the financial risks
 - Create a profile to https://www.komodoelection.com/
 - join #notarynode channel in SuperNET Slack
 - Setup Komodo Notary Node https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
 - more info: https://komodoplatform.useresponse.com/topic/can-you-give-me-information-about-the-notary-nodes-election-process

EDIT

The official borders of each region can be seen through this link: https://api.mapbox.com/styles/v1/audo/civtcyskm001k2krh98cgt8vz.html?title=true&access_token=pk.eyJ1IjoiYXVkbyIsImEiOiJjaXZzam83MTMwMDJsMm9td3k3N2RqMHB3In0.kKTgVKGejbZ5c00ib9hBpw#2/19.2/33.8

We will add each candidate to that map.

Other relevant pages:
http://www.komodometrics.com/
https://www.komodoelection.com/

[szachta]

Can i vote to candidate and what is the price?

[KomodoPlatform]

Can i vote to candidate and what is the price?

The voting happens at the same time you redeem your KMD, about 2 weeks after ICO.

What do you mean by price?

[mxhwr]

kmd on any exchange?

[yassin54]

Komodo Platform Gathers 2636 Bitcoins in Initial Coin Offering.

http://coremedia.info/index.php/blockchain-news/item/353-komodo-platform-gathers-2636-bitcoins-in-initial-coin-offering

Tweet : https://twitter.com/coremedia_info/status/801008282110402560

Reddit : https://www.reddit.com/r/komodoplatform/comments/5ea2es/komodo_platform_gathers_2636_bitcoins_in_initial/

Facebook : https://www.facebook.com/KomodoPlatform/photos/a.330322533980991.1073741828.321638648182713/367562386923672/?type=3&theater

News SuperNET : http://news.supernet.org/posts/C7FWy7hzHSCMMACxL/komodo-platform-gathers-2636-bitcoins-in-initial-coin

[yassin54]

The Deadline to become a notary node candidate is November 27th, 3PM UTC.

Tweet : https://twitter.com/KomodoPlatform/status/801022774491971584

Reddit : https://www.reddit.com/r/komodoplatform/comments/5ea7w5/the_deadline_to_become_a_notary_node_candidate_is/

Facebook : https://www.facebook.com/KomodoPlatform/posts/367580643588513

News SuperNET : http://news.supernet.org/posts/BvN2tKr6Nafx6aGmo/the-deadline-to-become-a-notary-node-candidate-is-november

[KomodoPlatform]

Please, explain BTCD holder process in the first page. I fucking crazy that I dont know what fucking do.

Just wait until our ICO site supports BTCD, and then you can send it there. Simple!

[KomodoPlatform]

Notary node candidates

The deadline to become a candidate is next Sunday, November 27th 3PM UTC.

The election will happen roughly one week from that, but no exact date for it yet.

In newsletter #7 we said the following:

When you redeem your KMD after the ICO, you will have to vote. In other words the first voting process is embedded to our ICO. After the notary nodes have been selected the network will officially launch and we distribute the coins. There will be enough time reserved for the voting, that even the BTCD investors get a chance to do the swap and vote.

What about the next election?

If you have paid attention, you have noticed that we haven't talked about the other elections at all... that is because the election process beyond the initial one is still wide open.

We won't make any decision until later, as this is not the development priority. However we have speculated about different possibilities, and the most prominent one is to have periodical elections where some of the candidates are voted out for a re-election. This would drop out the bottom performers and incentivise the notary nodes to perform.

A warning to notary node operators

If you are thinking about setting up a notary node, there are some financial risks involved. There are two issues, 1) no one can guarantee you will get elected, 2) the final notary node number depends on our budget

We are planning to add a field for percentage of subsidy required. That means that each notary node candidate can decide how much guaranteed subsidy they require per node.

There are four regions and within each region, there is a separate election. With each KMD you can vote once in each region.

In other words, we could simply say 1 KMD = 1 vote on each region. There are 100M KMD, so each region will get 100M votes.

We will do an election guide, where we explain how the election process goes in detail.

Since this is important, I'll write it once more with big letter

Deadline to become a notary node candidate is November 27th, 3PM UTC

What to do if you want to become a candidate:
 - Understand the financial risks
 - Create a profile to https://www.komodoelection.com/
 - join #notarynode channel in SuperNET Slack
 - Setup Komodo Notary Node https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
 - more info: https://komodoplatform.useresponse.com/topic/can-you-give-me-information-about-the-notary-nodes-election-process

The official borders of each region can be seen through this link: https://api.mapbox.com/styles/v1/audo/civtcyskm001k2krh98cgt8vz.html?title=true&access_token=pk.eyJ1IjoiYXVkbyIsImEiOiJjaXZzam83MTMwMDJsMm9td3k3N2RqMHB3In0.kKTgVKGejbZ5c00ib9hBpw#2/19.2/33.8

We will add each candidate to that map.

Other relevant pages:
http://www.komodometrics.com/
https://www.komodoelection.com/

[amacar2]

Please dont be confused.
The ICO phase was for BTC investors and BTCD peoples didnt have to do anything.
The next phase is for BTCD peoples, BTC investors dont need to do anything.

When the BTCD is into the ICO site, then we can do the elections and distribute the KMD.

We are now waiting for the ICO site to accept BTCD. If you invested with BTC, nothing you need to do.

Ok so if we have invested with BTC we should wait for distribution of KMD?
Can you tell us what will be procedure to get both KMD and those Assets for BTC investors? Or we just have to wait for few more weeks to know about what we have to do?

If it is already answered please post the link to it.

[jl777]

Please dont be confused.
The ICO phase was for BTC investors and BTCD peoples didnt have to do anything.
The next phase is for BTCD peoples, BTC investors dont need to do anything.

When the BTCD is into the ICO site, then we can do the elections and distribute the KMD.

We are now waiting for the ICO site to accept BTCD. If you invested with BTC, nothing you need to do.

Ok so if we have invested with BTC we should wait for distribution of KMD?
Can you tell us what will be procedure to get both KMD and those Assets for BTC investors? Or we just have to wait for few more weeks to know about what we have to do?

If it is already answered please post the link to it.

The election site is still in progress. both the BTC and BTCD investors will use the election site to vote and receive the KMD.

specific details on the election site are not available until the election site is completed

the election process will ask you to vote for the notary in each of 4 regions. Once you submit your vote, your KMD will be sent out to the address you specify.

[klarki]

Where a platform for buying and selling Komodo?

[kaicrypzen]

Where a platform for buying and selling Komodo?

Nowhere. KMD will launch 2 weeks after the ICO. You can buy BTCD (list of markets: http://coinmarketcap.com/currencies/bitcoindark/#markets) and swap it for KMD in 2 weeks.


Finally, how many notary nodes will be elected?

Any news about the news letter subscription lottery?

(I might have missed the answers to both my questions.)

Thx.

[KomodoPlatform]

Where a platform for buying and selling Komodo?

Nowhere. KMD will launch 2 weeks after the ICO. You can buy BTCD (list of markets: http://coinmarketcap.com/currencies/bitcoindark/#markets) and swap it for KMD in 2 weeks.


Finally, how many notary nodes will be elected?

Any news about the news letter subscription lottery?

(I might have missed the answers to both my questions.)

Thx.

As soon as the notary node budget details are finalized we will announce this along with more details about the election process.

We can do the newsletter subscription lottery this week! I'll announce the winners here, and send them email.

[RJF19]

Apparently there are issues with the Zcash launch technical ones.

Would it also be wise to delay the genisis block well past two weeks and have a prolonged test net?

Anyone who complains should understand Komodo is already able to be traded by proxy in BTCD.

But Zcash is an exterior untested tech.... Why rush a two week start.

Disasters happen without security and testing as in ETH DAO.

https://twitter.com/fluffyponyza/status/800691851128958976


Also i think Komodo will always have a doubt over it as people get more technical and find out that its whole security is based on 6 guys who know each other and work together.

Can this be done with different guys?

JL77, Pondsea, BTCNEXT, CFB, a list of ten guys trusted on different projects.

Look at the comments here.

https://twitter.com/fluffyponyza/status/800932675297144836

https://twitter.com/petertoddbtc/status/793584540891643906

https://twitter.com/gavinandresen/status/798534484111060993

Komodo uses the same zkSNARK parameters as Zcash.  We have not generated them, we are using what the Zcash team has created.   Genesis Block creation  is different than zkSNARK creation.     

As of this time we have no reason to doubt that the Zcash team performed its parameter generation without collusion towards the end of "creating money out of thin air".    What people seem to forget is that the Zcash team is a legitimate company and many who are on their team are well-respected professionals.  If collusion did happen between the participants of the parameter generating ceremony, the company would be in a hell of a lot of legal trouble  not to mention many of the individuals careers would be over.   The consequences of being caught combined with the limited amounts of gains from collusion  ( only profitable if amount of transparent coins is under the amount of coin supply ) makes the likelihood of the toxic waste having been reassembled very minuscule.

In addition the extensive "ceremony" used in parameter generation makes it very unlikely that an outside party would have compromised them.


As to why we do not generate our own parameters and have our own ceremony

1)  We could not accomplish the same degree of security and procedure that the Zcash team had for the ceremony.
2)  Having our own ceremony would do nothing to alleviate the constant FUD surrounding the infintismal likelihood of the "toxic waste" being reassembled, and would in fact just bring in more illegitimate criticisms because we would not have done an extensive ceremony as Zcash did or rumors that the Komodo team was somehow colluding.

By using their parameters we rid ourselves of that headache.

As it stands right now, Komodo will do its best to launch in 2 weeks  and all appears to be on track for that,  if some issue arises that we have to delay  we will  however  we will not delay for no reason.

You absolutely, without doubt, did the right thing the right way. Trust is a concept and, conceptually, anything is possible but, in this case, the facts speak for themselves. Some people just thrive on stirring the pot.