What are you guys doing to stay relevant during the times of xmr and zcash? This aint 2014 anymore.
Just wondering.
We upgraded the technology & vision, it's called Komodo.
There will be a swap, so BTCD can be swapped for KMD.
Can you tell me more about the new Komodo technology
Sure!
I'll explain the privacy side, which should be the most interesting part for BTCD investors.
We concluded that Zcash's privacy technology is superior to any other solution, even to our own (teleport/telepathy technology). As we needed the best technology for our platform we decided to fork Zcash. However, making a fork is not really that exciting, but rather the way we use the technology in our own platform.
Privacy for other cryptocurrenciesWe can make bitcoin (or any other coin) private transactions a reality. However, doing that requires the other technologies SuperNET has been building, mainly Iguana. In short, Iguana allows blockchains to talk to each other which allowed us to develop an atomic cross-chain protocol (see our
whitepaper).
We can destroy bitcoin's transaction track record the following way:
BTC -> KMD -> KMD Z-Tx -> BTC
The whole process will be automaticed:
1. BTC is exchanged to KMD through our decentralized exchange
2. The KMD is sent to a new KMD address through a Z-transaction (the anonymous transaction)
3. KMD is exchanged back to BTC
Any user could manually do that, however we can make it automatic through an app called Jumblr. Thus a user could simply use our BTC wallet which could have a "Private payment" button. The end user would only have to insert the BTC address where he wants to send his bitcoins to, and then the the whole process would happen behind the scenes.
Anonymous fiat transactionsWe also have a thing called 'assetchains', which basically allow anyone to create new Zcash forks in seconds. Those forks are compatible to our other services, such as DEX. We have already created 32 special coins, which we developed a bit further. These are called PAX fiat assets, and their value is tied to local currencies (USD, EUR,...).
Because they are Zcash forks we can actually do the same anonymous transactions with them. We believe our way to tie the coin to fiat value is superior to the other current solutions. The anonymous transactions are really a cherry on the top. Of course these too are compatible to our other services, so you could store them in the same place you store your BTC (our Iguana wallet).
More infoI recommend to start with these three articles:
Where Hope Lies for Privacy, Anonymity, and Fungibility in CryptocurrencyKomodo’s dPoW Provides Double-Layered Security and Cuts CostsKomodo: the Native Currency of the SuperNET EcosystemThanks for the question!
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