One area where Komodo is different than many other platforms are the asset chains. I’m going to steal a conversation from a team member in Slack explaining how Komodo is different (superior) from some other platforms. It was explained that a Whitepaper/Lightpaper is in the works.
“ERC20 tokens are not actual coins. They are smart contracts, and they are locked to the Ethereum platform.
Komodo asset chains are unique, individual coins, fully capable of leaving anytime the developer desires.
This tech takes longer to build, but provides more freedom in the long run for developers.
To secure these individual coins, we basically insert "backups" into the Bitcoin (or any other) blockchain, which the Komodo parent chain can then use to rebuild the entire network, in the event of an attack.
This gives any project in the Komodo ecosystem Bitcoin-level security, but a fraction of the cost.
We're in the process of releasing our first non-KMD-built asset chain now, Monaize. You can already buy some MNZ tokens on our decentralized exchange, The BarterDEX, and more should be coming at the official launch date.
Komodo assetchains are independent chains their consensus does not depend on the parent chain. Like in eth ardor and waves
In the ardor model, a bundled must be willing to exchange his ardor for your childchain token. In order for the childchain to write its data in the blockchain.
Assetchain doesn't need to use DPoW. It is regular proof of work consensus. (Except with on demand blocks)
Childchain *needs* to pay the bundler to confirm child chain tx
In eth model, ether is used to keep contract running. In neo model. A separate coin "gas" was created to handle that.
In waves it is paid in its own token to the stakers
5 different models right there for blockchain ecosystem. The differences are crucial and I believe Komodo is the best path. Develop on your own chain, don't worry about arbitrary decisions by parent chain developers”
So, if KMD is superior to Ethereum, and Ethereum is worth $700, how much should Komodo be worth if it can prove itself with dICOs, BarterDEX, etc. working as advertised next year?
Anything is possible.
“ERC20 tokens are not actual coins. They are smart contracts, and they are locked to the Ethereum platform.
Komodo asset chains are unique, individual coins, fully capable of leaving anytime the developer desires.
This tech takes longer to build, but provides more freedom in the long run for developers.
To secure these individual coins, we basically insert "backups" into the Bitcoin (or any other) blockchain, which the Komodo parent chain can then use to rebuild the entire network, in the event of an attack.
This gives any project in the Komodo ecosystem Bitcoin-level security, but a fraction of the cost.
We're in the process of releasing our first non-KMD-built asset chain now, Monaize. You can already buy some MNZ tokens on our decentralized exchange, The BarterDEX, and more should be coming at the official launch date.
Komodo assetchains are independent chains their consensus does not depend on the parent chain. Like in eth ardor and waves
In the ardor model, a bundled must be willing to exchange his ardor for your childchain token. In order for the childchain to write its data in the blockchain.
Assetchain doesn't need to use DPoW. It is regular proof of work consensus. (Except with on demand blocks)
Childchain *needs* to pay the bundler to confirm child chain tx
In eth model, ether is used to keep contract running. In neo model. A separate coin "gas" was created to handle that.
In waves it is paid in its own token to the stakers
5 different models right there for blockchain ecosystem. The differences are crucial and I believe Komodo is the best path. Develop on your own chain, don't worry about arbitrary decisions by parent chain developers”
So, if KMD is superior to Ethereum, and Ethereum is worth $700, how much should Komodo be worth if it can prove itself with dICOs, BarterDEX, etc. working as advertised next year?
Anything is possible.
Wow, it's a very interesting post about KMD platform and I really like the last sentence saying "So, if KMD is superior to Ethereum, and Ethereum is worth $700, how much should Komodo be worth if it can prove itself with dICOs, BarterDEX, etc. working as advertised next year?"
Yes , I can guess this coin is worth 100$ next year and maybe it's much higher than 100$ as well.
