Reddit Questions AnsweredHello guys, I believe you are experts here so can you help me answer some questions?
1, In what category is the coin first? In what category Komodo promotes itself?
Hi! We are very happy to answer your questions.
Komodo is the infrastructure coin of SuperNET Platform, and it has many use cases in our own apps/technology, and it is in a natural position to be used by many 3rd party apps developed on top of our platform. Komodo is the first coin to offer the blockchain security service that any other cryptocurrency can use. With that services (or delayed Proof of Work consensus mechanism) a coin can achieve bitcoin level security, just like Komodo is doing right now. So, in other words, a Komodo transaction is secured once a new bitcoin block is founded, because that bitcoin block contains the new Komodo hashes.
2, What new features Komodo brings? How is it unique?
In the previous question, I explained the delayed proof of work feature, which is unique.
Another feature Komodo has are the fiat pegged assets (PAX), and currently, there are 32 of them. These fiat assets already exist, and the technology is working from the command line. In our next Iguana release, we will integrate these into our Iguana Application. Anyone can get these assets through the GUI or command line with a 'deposit' process where Komodo coins are automatically converted into these fiat assets. At any point, you can do a PAX 'redeem' and you will get your KMD coins back. A consensus about the exchange rates is decentrally maintained by our 64 notary nodes.
Another feature is a white-label coin generation kit, which is still under development. With it, anyone can launch a new coin with seconds, select which features he wants, and tweak the parameters of the coin. We will offer a white-label GUI among other services. We are looking to make it easier to start new blockchain projects. Developers can start developing their technology instantly, without wasting time and money to basic cryptocurrency setup. Another way for a developer to quickly launch an asset is through a colored coin concept (NXT, Waves), however with our solution the team will receive their independent blockchain. So depending on the need of the specific project our platform might be very appealing.
3, Are promises kept by devs?
SuperNET is the organization behind Komodo, and it has a long history of hard work. We have a strong track record of not giving up, and finally, our hard efforts will pay off. All credit goes to our lead developer jl777.
4, Are features on roadmap delivered regularly?
During the ICO we talked about many things: Zcash technology, dPoW, pegged assets (PAX), decentralized exchange (DEX), multi-coin wallet. Here's the status of these milestones:
- Zcash: delivered, Native Mode still needs more testing and few bug fixes though
- dPoW: delivered, we have 64 notary nodes that constantly do group signed bitcoin transactions that give Komodo Bitcoin level security.
- PAX: delivered, assets exist and are working, GUI support is just around the corner
- DEX: partly delivered, atomic swaps have been made through command line, GUI support coming in few months
We haven't talked about our roadmap beyond these features. Currently, PAX has certain limitations, and we are looking to remove those with PAX2. There are also other things on our roadmap, such as smartchains.
Our promises are almost delivered, and the short-term roadmap is soon finished, few more months, and after these, we can start talking about the longer term roadmap ahead.
5, What is overall state of development?
I believe I answered this already pretty well! We make constant updates to our homepage, supernet.org. Another great way to stay on top of things is our newsletter.
Sign up to our newsletter through
https://komodoplatform.com/6, Can I see number of daily transactions?
Yes, we have two explorers:
kpx.io
http://kmd.explorer.supernet.org/Continue Discussion on our Reddit: https://www.reddit.com/r/komodoplatform/comments/5ws667/state_of_komodo/?st=izscefl0&sh=8a956f5a
