Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 255. (Read 1192056 times)

YAY

Just a recommendation, I think it would be helpful to assume Supernet holders know nothing of setting up KMD Wallet.

What is your recommendation for Supernet holders who have not set up any sort of KMD wallet yet? Can the swing wallet handle asset chains or just agama?

Komodo platform is really getting very aggressive towards its development day by day. It is a testament to a very excellent and dedicated team headed. At monaize dICO, we will witness how good the product is.

@jl777B thanks for your detailed answers, it has more technical terms than i could handle. but i will read into this.

It is time, finally to start the asset migration from NXT

The following are the KMD assetchains that correspond to NXT assets:
SuperNET: {"result":"success","coin":"SUPERNET","lastnotarization":4687,"bestheight":4693}
NXTprivacy: {"result":"success","coin":"JUMBLR","lastnotarization":6458,"bestheight":6465}
InstantDEX: {"result":"success","coin":"DEX","lastnotarization":4430,"bestheight":4430}
NXTcoinsco: {"result":"success","coin":"BOTS","lastnotarization":4451,"bestheight":4456}
sharkfund0: {"result":"success","coin":"SHARK","lastnotarization":2167,"bestheight":2167}
crypto777: {"result":"success","coin":"CRYPTO","lastnotarization":4931,"bestheight":4942}
jl777hodl: {"result":"success","coin":"HODL","lastnotarization":4656,"bestheight":4665}
pangea: {"result":"success","coin":"PANGEA","lastnotarization":4283,"bestheight":4283}
privatebet: {"result":"success","coin":"BET","lastnotarization":4570,"bestheight":4575}
MGW: {"result":"success","coin":"MGW","lastnotarization":4612,"bestheight":4661}

The above 10 will be swapped to the corresponding KMD assetchains. In order to redeem, transfer the asset to the SuperNET account NXT-MRBN-8DFH-PFMK-A4DBM with a permanent message that has the KMD format address they want the assetchain coins sent to.

The transfers will be processed prior to any dividends that are sent out, which means if you dont transfer before the payout date, you will miss out on that payout. However, I cannot promise any specific date for the conversion, only that if you do the above asset transfer before payouts, you wont miss any payouts.

First payout will be for crypto777 CRYPTO and currently has approx 50 BTC accrued in https://blockchain.info/address/1P3rU1Nk1pmc2BiWC8dEy9bZa1ZbMp5jfg. I expect the payout to be processed in December. SuperNET's share of this is approx 12 BTC. Good news is BTC txfees got low enough to consolidate all the small transactions, so it will be possible to send out the dividend after it is converted to KMD. It isnt that big of an amount, but we have to start somewhere.

The asset transfer swaps will be open until March 1st 2018, which is over 4 months from now, we have learned the pains of having a one year swap period! Please do not complain that it is not long enough. It is not clear how much longer the NXT chain will have enough forging percentage to keep it secure, so time is of the essence.

After that date, there is no assurance that the NXT assets will have any value, they will not be eligible for swaps, so would be like BTCD which also wont have any conversion rights.

NXTventure will have its significant holdings distributed out proportionally to the holders as of the end of November to allow time for people to swap received assets into assetchain coins before the first CRYPTO payout in December.

SuperNETx2 will receive 1 SuperNET and 1 REVS to approximate its double revshare. I know it isnt exactly the same, but it is a rough match.

Not exactly. the 64 nodes provide an optional security overlay.

dPoW is consensus mechanism agnostic, the underlying can be PoW, PoS, etc.

KMD uses equihash as its PoW
Fundamentally it can run just with this PoW, at one minute blocks.

Additionally, there are 64 notary nodes that were elected by the KMD stakeholders that have special privileges. These nodes are able to mine at an easy difficulty, but only one block every 65. The rest of the time they are at normal difficulty.

In exchange for this right to mine at a low cost (profits), the notary nodes must run a high capacity server and generate notarization transactions. These transactions are added to the normal set of transactions and mined as a standard transaction. They are similar to a multisig, but since there are 64 nodes, it is a custom form of transaction. The same transaction is made on the BTC blockchain

The consensus code uses these notarizations to know what blocks have been notarized and once notarized they cannot be rewritten.

Notice, if the notary nodes disappeared, things work normally, just without the additional layer of security. Additionally the GPU miners and the notary miners are competing for the same blocks and this division makes any attempt at rewriting the chain a lot more challenging, since no matter how much hashpower you have to attack, the notary nodes will not need any additional hashpower.

In other words, it is not possible to get more than 51% effective hashrate with notary nodes mining as the notary node's effective hash power increases with the overall hashrate. If nobody can obtain 51% of hashpower, then nobody can do a 51% attack.

This means it will be much harder to make a successful attack and the window of time to conduct any attack closes as soon as a notarization happens. (unless you are also able to simultaneously rewrite the BTC chain)

dPoW can be chained. Since we have the KMD chain already paying the crazy expensive BTC fees, there is no need for another chain to do this to obtain the BTC security. The KMD assetchains take advantage of this and they notarize to the KMD chain, knowing that KMD will be notarized to BTC.

So without much hashrate at all, dozens of assetchains are all benefiting from BTC level security. There is no reason there cant be thousands of chains all using KMD dPoW to obtain the same. For the cost of KMD you can get BTC level security.

The initial consensus method can be anything and the delayed Proof of Work consensus can be build on top of it. Thus at its core the dPoW blockchain could be either a Proof of Stake (PoS) or Proof of Work (PoW).

Since it's a bolt-on consensus mechanism, it does not affect the speed at which the main-chain processes blocks.

Could someone agree me, so i can make sure i understood dPOW.

It is like a normal POW-System, like BTC, but additionally it goes through the 64 notary-nodes and has to be accepted from each of them?

And another noobish question: Does it somehow decrease the speed of the blockchain?

Try newer version

https://artifacts.supernet.org/latest/

Yes, I can confirm that our team will be presenting in Singapore

check your komodo.conf is not blank in the roaming folder.

rpcuser=bitcoinrpc
rpcpassword=password
txindex=1
addnode=5.9.102.210
addnode=78.47.196.146
addnode=178.63.69.164
addnode=88.198.65.74
addnode=5.9.122.241
addnode=144.76.94.38
addnode=89.248.166.91

I have recently learned that Komodo team is one of the presenter at BlockShow Asia 2017 that will be held on November 29 and 30 in Singapore . This will be amazing exposure for Komodo Platform.

The wallets are really frustrating, at least for me on Windows 7 64bit.

The Komodo 0.8.0 Never gets past 89.8% before it crashes (message about Java or something like that).
The Agama 0.2.0.22a never connects. It's always looking for best chain (two days straight.)

Any other suggestions? These wallets really needs to get fixed.

equihash pumping moment? zen is up almost 200%..zcash and komodo next?

Now that jl777 had confirmed atomic swap is working in a GUI environment, Monaize ICO will really be the test and this will propel Komodo's future success. What komodo did with its marketing is excellent . Come to think of it , in crypto land where GAS is synonymous to Ethereum as dICO is to Komodo. Now Komodo platform pioneering dICO as a crowdfunding technology, it stamps a very resounding identity to komodo platform.

Got to love it! KMD is making waves! No pun intended..

Great news to be part of the Blockchain Conference in Abu Dhabi! Komodo, the new Gold!  

Komodo has all the ingredients for success.Wait

The final piece of the machine is now in place - marketing.

Congrats to the team.

Hi guys! Who can shoot me some links on documentation about Komodo's platform asset chain technology?