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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 106. (Read 1192381 times)

legendary
Activity: 1442
Merit: 1018
Question about redeeming interest...

What is the best system I should follow to maximize my interest?
Everyday, week , month etc...

Thanks in advance.

https://financialmentor.com/calculator/compound-interest-calculator
(scroll down the page a bit)

so, is it best to redeem interest daily

remember that you should have at least 10kmd in one UTXO and there is a 1 hour locktime before the interest will start accruing. So if you do it everyday, there is 365 hours in locktime in one year.  The best i think so far is monthly.
https://www.atomicexplorer.com/#/interest

I assume you wanted to refer to this link https://www.atomicexplorer.com/#/interest-calc instead? You can simulate different strategies. Indeed if you take into account the number of hours when no interest is accrued; among the frequencies suggested by the site, monthly seems to give the highest returns.

Thank you all for being so helpful. It is nice to see a community that actually cares and doesn't insult a post from a newbie.


As I find myself spending more time learning about the komodo project, it opens up more questions that a non-tech person like me
has a hard time comprehending. Please take that into consideration as I post questions Grin


native vs lite

is it safe to say to following...

lite is when you don't download the entire blockchain?

native is when you download the entire blockchain?

If this is correct, what are the benefits of downloading the entire blockchain when I can just go into my wallet using the lite?


Also, now don't flame me please... what does spv mode stand for?


Thanks in advance!

That's exactly it... Lite doesn't require a full blockchain download, Native does. The benefit of Lite is obviously not having to use your bandwidth and speed to do transactions (especially the case if you're far behind in blockheight). However, the benefit of Native and any time you download the full blockchain yourself is you aren't relying on another entity to verify the blockchain (you do that when you download the blocks and get caught up with the network height).

SPV simply stands for "simplified payment verification" and Electrum is a good example of an SPV wallet.
jr. member
Activity: 462
Merit: 2
Question about redeeming interest...

What is the best system I should follow to maximize my interest?
Everyday, week , month etc...

Thanks in advance.

https://financialmentor.com/calculator/compound-interest-calculator
(scroll down the page a bit)

so, is it best to redeem interest daily

remember that you should have at least 10kmd in one UTXO and there is a 1 hour locktime before the interest will start accruing. So if you do it everyday, there is 365 hours in locktime in one year.  The best i think so far is monthly.
https://www.atomicexplorer.com/#/interest

I assume you wanted to refer to this link https://www.atomicexplorer.com/#/interest-calc instead? You can simulate different strategies. Indeed if you take into account the number of hours when no interest is accrued; among the frequencies suggested by the site, monthly seems to give the highest returns.

Thank you all for being so helpful. It is nice to see a community that actually cares and doesn't insult a post from a newbie.


As I find myself spending more time learning about the komodo project, it opens up more questions that a non-tech person like me
has a hard time comprehending. Please take that into consideration as I post questions Grin


native vs lite

is it safe to say to following...

lite is when you don't download the entire blockchain?

native is when you download the entire blockchain?

If this is correct, what are the benefits of downloading the entire blockchain when I can just go into my wallet using the lite?


Also, now don't flame me please... what does spv mode stand for?


Thanks in advance!
hero member
Activity: 1344
Merit: 656
I will continue using my ~2.7% of VOTE to support new entrants to the KMD community who demonstrate they can run a high quality NN, and who don't mind sharing some profits with their voters in the first year to get the opportunity. Remember, anyone who consistently stays in the top 30 doesn't need any further help from voters, so rev sharing is only ever going to be a consideration for new entrants, and NN operators who performed in the bottom 50% the previous year.

Hey man, it's good to be a whale and support new guys but why you got to take any profit share for yourself? Just vote for the best guys who help komodo platform, your rich already bro

In that same post, P-Trump says:

... and get some rev share for myself if I can while I hodl KMD to maintain my VOTE in these early years.

So it seems one reason is to maintain their voting power.

Plus, for all you know P-Trump may not use their money for personal interest ...
newbie
Activity: 58
Merit: 0

I will continue using my ~2.7% of VOTE to support new entrants to the KMD community who demonstrate they can run a high quality NN, and who don't mind sharing some profits with their voters in the first year to get the opportunity. Remember, anyone who consistently stays in the top 30 doesn't need any further help from voters, so rev sharing is only ever going to be a consideration for new entrants, and NN operators who performed in the bottom 50% the previous year.


Hey man, it's good to be a whale and support new guys but why you got to take any profit share for yourself? Just vote for the best guys who help komodo platform, your rich already bro
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!
interesting to see how komodo is entering asia via strategic partnerships.
valuenet capital's portfolio looks like they know what they are investing in.
blocnation is a proper product/use-case and not just a value asset.
komodo keep going!
sr. member
Activity: 756
Merit: 268
What about community pools?

Community pools make sense to me but probably not enough time to get them up and running for this election. I would not set one up myself but would support them if they needed it, but I doubt that would be the case now, the election results seem to show that candidates offering some rev shares did pretty well, and I don't see that trend changing next year.

I would suggest pools offer a tiered rev share structure based on kmd price, at current prices some NN will not be that profitable, and if prices drop further the critical goal is keeping the NN up and running, not paying out rev shares. Next election I think we will see more thought put into rev share formulas.

Having top 30 operators run again and secure multiple NN's is not ideal IMO, but perfectly acceptable in a competitive process, and this happened this year to some extent. I would never advocate trying to ban this, but I do like having countervailing forces at work to push back the other way towards increasing the number of single node operators, and community pools can help do that.

The network can run perfectly fine with a small number of operators running multiple notaries, but the benefits of having more talented people with income sources working in the ecosystem should be obvious to everyone, and notary operators obviously do more than just run notary nodes.


Next year we'll probably see a few legit business entities running candidates, maybe like a franchise of independent operators running under a common name with some shared infrastructure. That would be ok IMO, but I hope a few community pools run also.
sr. member
Activity: 756
Merit: 268
It's amazing to see BarteDEX grown very fast like this. Congratulations KOMODO team and the project, generally.
Hope that BarteDEX will have more breaking features for traders community.
Which game-changing features BarteDEX can bring to traders, investors with their platform and services?

Risk free anonymous p2p trading based on atomic swap technology between blockchains.
newbie
Activity: 49
Merit: 0
It's amazing to see BarteDEX grown very fast like this. Congratulations KOMODO team and the project, generally.
Hope that BarteDEX will have more breaking features for traders community.
Which game-changing features BarteDEX can bring to traders, investors with their platform and services?
sr. member
Activity: 406
Merit: 250
I'm not an 'insider', and not a tech person myself, so unless jl777 starts endorsing candidates as having superior coding attributes (which I don't think is a good idea) I'm not in a good position to judge those aspects unless I use third party endorsements, but there are plenty of other KMD holders on the inside with tech skills who know who the superstar contributors are, so there will always be plenty of support from other sources for these candidates.

Good point, every crypto I've ever been around has had insiders who keep things ticking along by doing all the early legwork, but they often get tunnel vision that blocks new guys from making a useful contribution or even just knowing what's going on. It's just human nature mixed with group activities.

This election was awesome to watch, if only bitcoin core would do the same lol
sr. member
Activity: 756
Merit: 268
If you're thinking of running next year I can tell you now:
- if you run a NN in the top 30 from the previous year I won't consider you
- if you run in 3 or 4 regions I wont consider you
- if you successfully participate in testnet and show you have skills to run a NN I will read your proposal
- I strongly favor single region independent candidates, I would try to avoid sock puppets
- if you offer some rev share to voters I will be 'grateful' and add you to my shortlist
- it's not simply who offers the largest rev share, 10% and up would get you on my shortlist, then I pick the best overall candidate(s)


What about community pools?
sr. member
Activity: 420
Merit: 250
Very big thanks to all voters! Here's to a great year of notarizing and exciting Komodo developments!
newbie
Activity: 46
Merit: 0
Thanks to all those who voted for Team Meshbits! Smiley
And mostly to those who were anonymous. We wouldn't have get the chance at all  without those anon voters. Every single bit of vote helped us get a spot. Now we will be able to help KMD infrastructure. Thanks a lot guys! Smiley



Voting for the 2018 Notary Node Elections has officially closed! Congratulations to the winners https://dexstats.info/votelist.php
It's amazing to see BarteDEX grown very fast like this. Congratulations KOMODO team and the project, generally.
Hope that BarteDEX will have more breaking features for traders community.
hero member
Activity: 924
Merit: 556
Is there a shop where you can buy the book? Best as an ebook. Could not find it on Amazon. I would be very interested.

Great collection of crypto.. Enjoy! KMD is here

full member
Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
Thanks to all those who voted for Team Meshbits! Smiley
And mostly to those who were anonymous. We wouldn't have get the chance at all  without those anon voters. Every single bit of vote helped us get a spot. Now we will be able to help KMD infrastructure. Thanks a lot guys! Smiley



Voting for the 2018 Notary Node Elections has officially closed! Congratulations to the winners https://dexstats.info/votelist.php
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Voting for the 2018 Notary Node Elections has officially closed! Congratulations to the winners https://dexstats.info/votelist.php
member
Activity: 121
Merit: 61
2 hours remaining to the end of elections ...




Decker's 2018 Notary Proposal: https://deckersu.github.io/


Who am i?

I am an IT expert and systems engineer. I’ve formed part of the Komodo team since 2017. During which time I contributed to Komodo in the form of development towards the KomodoQT (KomodoOcean) wallet - the world's first GUI wallet for a zero knowledge fork that supports KMD and all its parallel chains. Additionally I assist the team in testing and development of new dapps.

Why Vote for Decker?

In addition to the wallet development I took part in the creation of the first CHIPS wallet, building BarterDEX core for Windows. Active member of the community with plans to support the platform in the long term. Notary node funds will increase my resources to improve Komodo dapps.

Proven Skills

  • I can handle a wide spectrum of the Komodo infrastructure.
  • Deployment and support fail-safe work of KMD and parallel chain explorers, hosted on my own VDS servers.
  • Software testing, software programming.
  • Making blockchain snapshots, writing and translate documentations for users.

I’ve decided to become a candidate for the European / Asia and Russia regions and I count on your support!

How to Vote?

[EU] VOTE address:
Code:
RARcozaVAMZaXJaL6KWMSw297xTYzbDwa3
[AR] VOTE address:
Code:
RRL9LeiccJ7DQV5WhLLRMbHG7SbCRdCoqL
zVOTE address:
Code:
zc9re8upRd4zZQ7Zs1qm1BnsXtEQ8yhQm3UeWkAugto5FwfgH6NoKTGqKM47K2QNus3CV5h3Kd3wUfzzjctZvj5S3EDFZqH
full member
Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
Less than 3 hours to send last votes to support MESHBITS. With you help we can still win.
Please Vote for MESHBITS team. Thank you!  Smiley

NA Vote addr: RH1vUjh6JBX7dpPR3C89U8hzErp1uoa2by

AR Vote addr: RV8Khq8SbYQALx9eMQ8meseWpFiZS8seL1

EU Vote addr: RTF4GvjePY4YUy3M8iwkGZfEor2p5zFkbo


full member
Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
Wow, stiff competition in the AR region. Meshbits just got knocked off. I voted for you meshbits, and even if you don't make it, I definitely appreciate everything you have done so far.

True

It's great to see new technical minds are winning these elections.

Thanks for yours and others support who voted for Meshbits team.

Thanks again! Smiley

And congrats to the Notary Nodes 2018 winners!
member
Activity: 61
Merit: 17
Komodo, such a powerful coin!
Ready to buy some coins and store them, peoples feel comfortable when they look at the goals and the coin features.
legendary
Activity: 994
Merit: 1000
Why does the native mode of agama wallet have no options for setting the password?
How is money security guaranteed?
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