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

[Maceneter]

https://mobile.twitter.com/KomodoWorld/status/942849477634936838


jL777 talks 🚀

[polycryptoblog]

jl777B,
Is it possible to connect BarterDEX API into CMC?
It would add to brand recognition and might spur interest from those looking to trade without KYC, IMO.
BTW, is BarterDEX a trustless setup?

Depends on the context of trustless .  The BarterDEX protocol itself is trustless in the sense there is no middleman between traders such as a central exchange or central blockchain.  However it is possible for a side to back out of a trade.  They are greatly discouraged from doing so through deposit,  which is awarded to the injured party when in the rare circumstance a trade would go awry.

It would be a Pyrrhic victory for the backing out party.  Yes they could thwart your trade, but it would cost them well beyond any gain they would have and you would come out with even more coin.

This is just my understanding of the system.

[SHossainKMD]

jl777B,
Is it possible to connect BarterDEX API into CMC?
It would add to brand recognition and might spur interest from those looking to trade without KYC, IMO.
BTW, is BarterDEX a trustless setup?

Depends on the context of trustless .  The BarterDEX protocol itself is trustless in the sense there is no middleman between traders such as a central exchange or central blockchain.  However it is possible for a side to back out of a trade.  They are greatly discouraged from doing so through deposit,  which is awarded to the injured party when in the rare circumstance a trade would go awry.

It would be a Pyrrhic victory for the backing out party.  Yes they could thwart your trade, but it would cost them well beyond any gain they would have and you would come out with even more coin.

This is just my understanding of the system.

Well written, polycryptoblog. A very nice understanding of BarterDEX indeed.

[Sincere_]

Wow kmd is on the move and moving rapidly this is just the beginning for kmd good to see everyone paying attention

[MoneyJ]

KMD is now on beast mode and dICO has not yet started. Adjustment from sudden surge of BTC and price stability as it should be so hold your KMDs for this is just the beginning of a long fruitful journey.

[abbv21b]

KMD is now on beast mode and dICO has not yet started. Adjustment from sudden surge of BTC and price stability as it should be so hold your KMDs for this is just the beginning of a long fruitful journey.

Agree. These are very exciting times indeed.

[BTC-BTC-BTC]

Is there a new date for the monaize ICO yet? And great work on the KMD.

[Malti]

Is there a new date for the monaize ICO yet? And great work on the KMD.

No not yet, They are going to communicate at least 2 weeks prior to the dICO, but that is the only available confimed information for now.

[stanislavche]

Hey, I've tried figuring out how the BarterDEX swap looks like from inside the networks. The whitepaper defines some words of what goes on, but I couldn't find anything more specific on how those "temporary holding wallet"s work on a bitcoin network (for example).

She does not send the payment to Bob directly, but rather into a temporary holding wallet on the BarterDEX exchange
i. Only Bob has access to this wallet, via the set of privkeys that only he owns.
ii. However, the BarterDEX code does not yet allow Bob to unlock this temporary holding wallet; he must continue his end of the bargain first.
iii. The <alicepayment> will remain in Bob’s temporary holding wallet for a limited amount of time, giving him the opportunity to proceed.

Looks like some kind of HTLC too me, but no mention of it.
Can anyone help me clarifying this part?

[jl777B]

Hey, I've tried figuring out how the BarterDEX swap looks like from inside the networks. The whitepaper defines some words of what goes on, but I couldn't find anything more specific on how those "temporary holding wallet"s work on a bitcoin network (for example).

She does not send the payment to Bob directly, but rather into a temporary holding wallet on the BarterDEX exchange
i. Only Bob has access to this wallet, via the set of privkeys that only he owns.
ii. However, the BarterDEX code does not yet allow Bob to unlock this temporary holding wallet; he must continue his end of the bargain first.
iii. The <alicepayment> will remain in Bob’s temporary holding wallet for a limited amount of time, giving him the opportunity to proceed.

Looks like some kind of HTLC too me, but no mention of it.
Can anyone help me clarifying this part?

https://bitcointalk.org/index.php?topic=1364951 has all the details

[wwzsocki]

I have a question about atomic swaps. I can't figure How are prices/value determined between client nodes, with no centralized exchange? I'm assuming there is an independent "Ask" for a certain allotment of a coin, and the buying client node decides if that is worth the trade or not. I have read all I found about swaps but this was not explained.

[wwzsocki]

jl777B,
Is it possible to connect BarterDEX API into CMC?
It would add to brand recognition and might spur interest from those looking to trade without KYC, IMO.
BTW, is BarterDEX a trustless setup?

Depends on the context of trustless .  The BarterDEX protocol itself is trustless in the sense there is no middleman between traders such as a central exchange or central blockchain.  However it is possible for a side to back out of a trade.  They are greatly discouraged from doing so through deposit,  which is awarded to the injured party when in the rare circumstance a trade would go awry.

It would be a Pyrrhic victory for the backing out party.  Yes they could thwart your trade, but it would cost them well beyond any gain they would have and you would come out with even more coin.

This is just my understanding of the system.

Well written, polycryptoblog. A very nice understanding of BarterDEX indeed.

I am still learning about swaps and BartDEX. Do I have to deposit some coins as a escrow before trade?

[Mrpumperitis]

The work you guys have done so far, is.....impressive, well done Komodo team and community...

The atomic swap with BCH was what got me looking into Komodo and tbh, i like it.
https://news.bitcoin.com/komodo-developers-demonstrate-a-bitcoin-cash-atomic-swap/


So from now on, ill be keeping an eye on the progress and will be telling others to do the same.

ps...yes ive been buying KMD, am plannning on getting more and will hodl it for a long long time.

Thanks guys  

[Mrpumperitis]

200mill coins max...nice
ico price was around 0.00012
1yr ltr, after alot of hard work and effort....current price is 0,00034 , $5.76   ...an upwards correction is def due.
this is going to fly,  10x, $50+ easy 

[jspook16]

jl777B,
Is it possible to connect BarterDEX API into CMC?
It would add to brand recognition and might spur interest from those looking to trade without KYC, IMO.
BTW, is BarterDEX a trustless setup?

Depends on the context of trustless .  The BarterDEX protocol itself is trustless in the sense there is no middleman between traders such as a central exchange or central blockchain.  However it is possible for a side to back out of a trade.  They are greatly discouraged from doing so through deposit,  which is awarded to the injured party when in the rare circumstance a trade would go awry.

It would be a Pyrrhic victory for the backing out party.  Yes they could thwart your trade, but it would cost them well beyond any gain they would have and you would come out with even more coin.

This is just my understanding of the system.

Well written, polycryptoblog. A very nice understanding of BarterDEX indeed.

I am still learning about swaps and BartDEX. Do I have to deposit some coins as a escrow before trade?

You'll have to deposit which ever coins you want to "barter" with .

[abbv21b]

200mill coins max...nice
ico price was around 0.00012
1yr ltr, after alot of hard work and effort....current price is 0,00034 , $5.76   ...an upwards correction is def due.
this is going to fly,  10x, $50+ easy 

Shhh.. I still need to get some more KMD. Please dont skyrocket yet. 

[Mrpumperitis]

200mill coins max...nice
ico price was around 0.00012
1yr ltr, after alot of hard work and effort....current price is 0,00034 , $5.76   ...an upwards correction is def due.
this is going to fly,  10x, $50+ easy 

Shhh.. I still need to get some more KMD. Please dont skyrocket yet. 

lols, smart move to accumulate now...this coin has not been pumped and wont need one...
its due an upwards price correction and its coming soon...so yea , accumulate and hodl 

it will go through the process of growth and adoption, expect more exchanges to list KMD soon.

  i just saw its already on Binance..wow 

[holydarkness]

200mill coins max...nice
ico price was around 0.00012
1yr ltr, after alot of hard work and effort....current price is 0,00034 , $5.76   ...an upwards correction is def due.
this is going to fly,  10x, $50+ easy 

Shhh.. I still need to get some more KMD. Please dont skyrocket yet. 

lols, smart move to accumulate now...this coin has not been pumped and wont need one...
its due an upwards price correction and its coming soon...so yea , accumulate and hodl 

it will go through the process of growth and adoption, expect more exchanges to list KMD soon.

  i just saw its already on Binance..wow 

Actually, it had, once. Back then around the quarter 2 of this year, they're pumped to 10,000sat if I remember the number correctly. But yeah, I'm holding and waiting for a good time to do another sell.

[Victorio]

lols, smart move to accumulate now...this coin has not been pumped and wont need one...
its due an upwards price correction and its coming soon...so yea , accumulate and hodl  

Shill KMD to your Bitcoin Cash colleagues.
You'll have to put somewhere profits from BCH.

[RayX12]

KMD looks prime for big gains... How big could they be?
This is my conservative estimate.   

https://www.tradingview.com/chart/KMDBTC/HtPnsGHt-KMD-looks-ready-for-big-gains/