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

[NotMyFarm]

bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working 

but i hang in there and wait for update

[MoveCrypto]

It's: 1(1+0.05/365)^365

Uh.. yes.. of course.. back to school Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

It only has to go to a fresh address once per year after the address accumulates a total of 5% interest.  (or if you compound at the maximum rate of once per hour it would hit maximum 5% after 356 days )

For example, this person sent only 1 KMD, but even the change transaction that was sent back to the same address gained the interest:
https://kpx.io/transactions/e84b4df2c35f9c12ecb01a7445a19d917334ed7b9c18548a178b6191bcd44d6d

However, there is some advice about not re-using addresses to protect against quantum computers in the future, so from that perspective, it would be slightly safer to specify a fresh change address for each transaction.  In that case, it would be good to have the private key of the change address backed up.

[jd1959]

It's: 1(1+0.05/365)^365

Uh.. yes.. of course.. back to school Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

It only has to go to a fresh address once per year after the address hits its' maximum of 5% total interest accumulated.

For example, this person send 1 KMD to a fresh address, and even the change transaction that was sent back to the same address gained the 5% interest here:
https://kpx.io/transactions/e84b4df2c35f9c12ecb01a7445a19d917334ed7b9c18548a178b6191bcd44d6d

However, there is some advice about not re-using addresses to protect against quantum computers in the future, so from that perspective, it would be slightly safer to specify a fresh change address for each transaction.  In that case, it would be good to have the private key of the change address backed up.

Great point ! Can you address how browser based wallets are going to holdup against a brute force attack by Quantum Computers? given that it's a matter of when not if

Cheers Jon 

[samuraijin]

where can I find a trading site for Komodo, I think it needs to get a few Komodo in my bag

[RJF19]

bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working  

but i hang in there and wait for update

Your funds are in the bloakchain if you did a payout from the ICO site. Use your seed when you install the wallet and you will be fine.

[yuyu123]

bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working 

but i hang in there and wait for update

you can buy a pc or install iguana on VM

[trollercoaster]

where can I find a trading site for Komodo, I think it needs to get a few Komodo in my bag

https://www.coinexchange.io larger exchanges to follow, you can also still swap BTCD for KMD

[KomodoPlatform]

The information gets lost so easily, so let's repost it.

Q&A of the past few hours

How to backup the wallet or is it not needed as long as i have my seed?
If you are not creating new addresses, all you need is the seed, and can login to your account with any devise, anywhere, anytime.

However if you do create new addresses, its high entropy privkey is added to the encrypted wallet file in the SuperNET/iguana/confs directory.

If you are creating new addresses (via RPC), you can do dumpprivkey and backupwallet calls.

When will Iguana come out of beta?
It will always stay in beta, or at least a few years at bare minimum. Crypto is so new, and the rapid development will cointinue, so we won't take it out of beta anytime soon. However, that doesn't mean that it wouldn't be usable.

We are still fixing bugs on the wallet. It is a never ending process, the bugs will get harder to spot though as time goes on.

I held BTCD on a local wallet, how do I get the REVS asset?
For people who had local wallet REVS snapshot, you will need to dumpprivkey of the addresses in your wallet with funds as of the snapshot.

Then either use unix komodod to importprivkey directly or wait for iguana GUI to support importprivkey. The iguanacore already has the importprivkey functionality, so it shouldnt take that long.

How do I  send KMD with Iguana?
The send page is found a dropdown menu that you get by clicking a "plus" icon. For more information read our guide.
 - Windows
 - Linux

How much BTC was raised? What was the ICO price of KMD?
2639 BTC Raised  + BTCD Swap
0.00012909 BTC/KMD or 7746,521995 KMD/BTC

Where can I download Iguana?
From SuperNET website: https://supernet.org/products/iguana

IMPORTANT! KMD Exchange Update

We did not talk with coinexchange.io and we cannot officially endorsed them! We have been talking with an exchange, but it is not this one.

You will be able to trade KMD in an exchange we do endorse within 24-48 hours!

Be careful when trading in unknown exchanges, and do not assume we are behind it.

Also be aware of scammers, there are tons of them. We would never ask your seed or any other private info! Always double check with whom you are talking to.

Get involved

If you have a project idea for the komodo ecosystem, I encourage you to post details in the SuperNET slack. If the idea has merit, odds are very good that you will quickly find people who will fund it.

The komodo ecosystem has the SuperNET organization behind it, but it is a fully decentralized organization. That means anybody can join at any time and become a key contributor. And we are very open to new people and new ideas and new projects.

Dont be shy. Most of the key contributors you see, initially were outside the SuperNET and just by doing what they like doing, they are now key contributors. Even if you dont have a specific project, there are many preexisting projects within SuperNET that you can contribute toward. Key contributors are certainly rewarded, usually with stakes in the projects they are working on, but there are many things that are able to pay in KMD and maybe even BTC.

Mining KMD

If anyone is interested in mining KMD with GPU, I have setup a guide!

https://github.com/xRobeSx/kmd-gpu-mining


There are 3 necessary components:

1. Komodod

2. KMD-Nomp

3. Zcash GPU miner of your choosing


Once you have setup Komodod and KMD-Nomp, you can run your GPU miner just as you would with Zcash, but pointing it to your 127.0.0.1:7777 setup by KMD-Nomp instead.

This means you must be using a Linux miner, as Komodod and KMD-Nomp run on linux. If you wanted to install KMD-Nomp and Komodod on a linux machine on your network, you could use a windows GPU miner on another machine and point it to 192.168.1.xxx(linux machine with KMD-nope ip).

KMD-Nomp is mining pool software that interfaces with Komodod. In this case we will be pointing our miners to it locally, but with this software anyone can setup their own Komodo Mining Pool.


If anyone has any questions or needs help with setup, I am available. Feel free to PM me here, or for faster response join the SuperNET slack and message me.

Shout out to Metaphilibert and fhavik for their help with all of this. It was a team effort.

P.S. Please check the OP for all standard questions, there is a lot of links and info (see 2nd post).

[KomodoPlatform]

2nd comment was just updated

https://bitcointalk.org/index.php?topic=1605144.msg16115491#msg16115491

 - Link to KMD GPU mining instructions
 - updated with all the latest articles we have published
 - removed some ICO info that is not relevant anymore

[timer81]

hello all
how to get the iguana wallet that was in ico

[KomodoPlatform]

hello all
how to get the iguana wallet that was in ico

Good point, I forgot to add link to our wallet

You can find it from here: https://supernet.org/products/iguana

[timer81]

I install an iguana for windows, with the authorization of the introduced passphrase ICO office and went into the purse, but the address is not a purse Komodo such as ico Online
sorry for my english, I'm trying to translate through Google

[polycryptoblog]

Great point ! Can you address how browser based wallets are going to holdup against a brute force attack by Quantum Computers? given that it's a matter of when not if

Cheers Jon 

"Absolute times are hard to give without knowing how the quantum computer is implemented.  However, each "run" of the quantum algorithm must take place within the coherence time of the qubits which typically is in the range of microseconds to seconds, depending on the proposed qubit.  You need to run this some number of times to get the result.  I think Shor's algorithm doesn't need to be run too many times, probably on the order of the number of qubits in the system.  For something like 10^4 qubits, this would give timescales ranging from 0.01s to 3 hours.  Grover's algorithm has to be run ~sqrt(N) times, where N is the number of possible keys.  For any appreciably large N, say 2^256, this is a ridiculously long time."

https://www.quora.com/In-how-much-time-could-a-quantum-computer-brute-force-a-chunk-of-data-encrypted-with-a-512-bit-key

[agaligo]

I install an iguana for windows, with the authorization of the introduced passphrase ICO office and went into the purse, but the address is not a purse Komodo such as ico Online
sorry for my english, I'm trying to translate through Google

the passphrase must have the space for each word.   exp:   xxxx xxxx xxxx 

[soyab0007]

My Balance is showing Zero on Iguana  app 

[I AM THE TRUTH]

Hi Dev, I sent BTCD to the ICO site when the swap started and my coins were sent out in the first batch.
Is it ok for me to send more BTCD to the ICO site for another swap, or do i have to wait for you to announce  a 2nd swap date?

                         

[jl777]

Hi Dev, I sent BTCD to the ICO site when the swap started and my coins were sent out in the first batch.
Is it ok for me to send more BTCD to the ICO site for another swap, or do i have to wait for you to announce  a 2nd swap date?

                         

after you have received the payout, you should be able to do another payout.
there have been 5 payouts, there is no specific swap date, it can be swapped anytime. the restriction is one payout at a time

[jl777]

REVS is the komodo coin, not REV

and REVS is not trading anywhere yet, likely will need to wait for iguana DEX to trade REVS.

[bitcoinsforall]

whats the ico price ?

[jwiz168]

whats the ico price ?

press page up ....