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

[polycryptoblog]

Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...

One question about writing a snapshot to the Bitcoin Blockchain. I try to understand the principle. The more transactions Komodo has, the more information must be written to the Bitcoin Blockchain, right? The more information the more expensive is the writing into BTC ledger. Who pays this? If this is paid with the Komodo fees, then, Komodo fees must first be exchanged for Bitcoin, right? How does it happen and how does the process work?

More people notarizing to KMD doesn't increase amount of data stored on btc.  The ICO funds are used to do the notarization onto bitcoin. 

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[polycryptoblog]

What is the relationship between the Komodo coin and the decentralized exchange?
Or in other words - what will determine the demand for KMD?
 

Komodo is used to enable speed trading mode on dex.  Additionally fees to dex and related asset holders get paid in kmd .  Other demand generators are delayed proof of work,  Jumblr and eventually MoMoM

[ComputerGenie]

What is the relationship between the Komodo coin and the decentralized exchange?
Or in other words - what will determine the demand for KMD?
 

Why does/would one of those things have to do with the other? Komodo creates the demand for Komodo, with or without BarterDEX even existing.

[markovonline]

How does Komodo work:-

dPoW secured Blockchain projects are like highways and built on the Komodo platform. These projects are fully independent with Lightning fast transaction speeds (within seconds), no point of failures, no traffic jams, unlike projects that are build on an Ethereum-based ERC20 token.

When a picture speaks a thousand words

But at the moment until the collection of money for new projects go without a komodo, then it will be less popular. People today in the detachment are not interested in technology itself, but in making money with it. And for this reason, such projects as a komodo do not stand in the first places for investment.

[ComputerGenie]

...People today in the detachment are not interested in technology itself, but in making money with it...

Literally everything that is wrong in the crypto space right now.   

[pham42760]

Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...

https://i.imgur.com/brXDiwM.png

Very impressive figures from KOMODO network's performance!
The project has had great capabity to process massive transactions almost instantly via its top-notch blockchain-based technology.

[Tarek4080]

 KMD rewards work on a thing called nlocktime. If I remember correctly, this is a time stamp of when the transaction happened and it's stored in Unix time (Had to look this up first time) but not all transactions set nlocktime by default. if a UTXO doesn't have nlocktime set, it won't gain rewards. So wallets like Agama, and Guarda set locktime by default, and they also set it in the transaction when you "claim rewards". but wallets like Ledger are not set up to view nlocktime and are not set up to set it when you send from their wallet. so when it arrives in your Agama wallet, nlocktime is not set. So if you send to yourself from Agama it will set locktime and start gaining rewards.

[Tarek4080]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

[Fabriz]

But there are problems with the agama servers for synchronization ?

[oblox]

But there are problems with the agama servers for synchronization ?

Double check you are running the latest wallet release.

[yurez]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

Thank you this is a great video, a lot of things became clear to me.  I think the project Komodo is very underrated and it will show itself in the future

[lite]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

Not much of a difference between previous tutorial and this one, this tutorial suggests resetting Ledger Nano every time one wants to claim interest (it's very inefficient). what i have done is just get private keys and save it in a text file and encrypt it, then decrypt every month and insert private keys in Agama wallet and claim my interests.

[toogoody]

List of KMD pools :
https://miningpoolstats.stream/komodo

[Danimore]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

It's very awesome to see your video. Through this video, Everyone can use this agama wallet easily and fast.
I'm grateful to you @Terek4080 due to this guide and I epxect more people will use this KMD platform in the near future.

[Goruno]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

It's very awesome to see your video. Through this video, Everyone can use this agama wallet easily and fast.
I'm grateful to you @Terek4080 due to this guide and I epxect more people will use this KMD platform in the near future.

Do you think KMD coin is still being down at this time? I really want to buy more KMD coins to make an everage price but it seems altcoins are on the downtrend and I still believe in this coin .

[layer1gfx]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

Not much of a difference between previous tutorial and this one, this tutorial suggests resetting Ledger Nano every time one wants to claim interest (it's very inefficient). what i have done is just get private keys and save it in a text file and encrypt it, then decrypt every month and insert private keys in Agama wallet and claim my interests.

this, or you just trade KMD on the market. currently the profit from trading is higher than the interest.

[2012]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

It's very awesome to see your video. Through this video, Everyone can use this agama wallet easily and fast.
I'm grateful to you @Terek4080 due to this guide and I epxect more people will use this KMD platform in the near future.

Do you think KMD coin is still being down at this time? I really want to buy more KMD coins to make an everage price but it seems altcoins are on the downtrend and I still believe in this coin .

Our prediction outcome is on based on current situation but this is very tough job to make accurate forecast about the future of any market. But KMD is still in very strong condition and this platform is more better than last year. I think this is best investment of year and especially in bear market we can buy more.

[Konfeta]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

It's very awesome to see your video. Through this video, Everyone can use this agama wallet easily and fast.
I'm grateful to you @Terek4080 due to this guide and I epxect more people will use this KMD platform in the near future.

Do you think KMD coin is still being down at this time? I really want to buy more KMD coins to make an everage price but it seems altcoins are on the downtrend and I still believe in this coin .

Our prediction outcome is on based on current situation but this is very tough job to make accurate forecast about the future of any market. But KMD is still in very strong condition and this platform is more better than last year. I think this is best investment of year and especially in bear market we can buy more.

Komodo will develop more and more. Good price to buy now. I think this coin will bring profit in the long run.

[lite]

Those who want to keep your cold storage I will suggest watching this video, https://www.youtube.com/watch?v=nKBdGI8pu7M you can do this procedure also with Agama while offline if you want an extra layer of security. But for more convenient use do what Yorklab is suggesting and send your balance to your own public address to set the locktime. If you still haven't moved your funds from ledger try using the procedure in the video.

It's very awesome to see your video. Through this video, Everyone can use this agama wallet easily and fast.
I'm grateful to you @Terek4080 due to this guide and I epxect more people will use this KMD platform in the near future.

Do you think KMD coin is still being down at this time? I really want to buy more KMD coins to make an everage price but it seems altcoins are on the downtrend and I still believe in this coin .

If you think KMD price is going to drop then set your buys(whatever price you'd like to buy) and wait for it to fill or you can buy now! i have set my buy orders at 16k sats and now waiting for it to be filled, i have already bought enough KMD, if it fills it'll be great if not i'll be fine.

[Bytem3]

Komodo got ranked as #2 coin to watch next week by CoinCodex:

https://coincodex.com/article/2173/coins-to-watch-august-13-august-19-2018/