Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 258. (Read 1192056 times)

Since barterDEX is using actual coin transactions, we need to wait for coin confirmations to get assurance that it won’t be reversed. Different coins need different number of confirms and different users are comfortable with different number of confirms for different coins.

How to reconcile this?

There is a setconfirms api call that allows to set numconfirms and maxconfirms. If this is not called, a default value will be used. Then when an atomic swap is started, both sides tell the other side how many confirms are used. To reach immediate consensus, the higher value used by either side is the number of confirms used for that trade, unless it exceeds the maximum of either side for either coin. In that case, the trade won’t work.

For KMD and assetchains, there will be a special meaning to numconfirms of 'K' and 'B'. 'K' would mean that there is a notarization that happened that includes the transaction on the KMD chain. 'B' would mean that the KMD notarization is confirmed in the BTC blockchain.

For trading between two parties that trust each other (to not mess with blockchains and to make good in case something goes wrong), zero confirmation trading is enabled. In this case, coin confirmations are not needed and things can go quite fast, but if for any reason either chain gets a small reorg (these things happen), it is possible that one or both sides of the trade will be invalidated. So, even with trusted party zeroconf trading, just do it in small increments and don’t get over exposed to unconfirmed zeroconf trades.

Use the trust api call to add a pubkey to the list of trusted nodes.

This isnt the mainstream mode for usage, but for things like trading within a trading group, it will allow such things at the discretion of the participants. It really is quite fund to see a full atomic swap complete in seconds, the record time we have seen was a bit under 10 seconds

Are you using the latest version I ha e no problem with that one and honestly its more advanced than most of the other wallets i ve seen.

Komodo is starting to look more and more like the next big thing. I do think improvements to the wallet will help a lot with adoption and utilization.

a very fast swapping transaction indeed. I can’t wait for real time applications on atomic swap exchange that Komodo will introduce on its dICO for Monaize.

It took 34 seconds!!

This is a milestone for Komodo. Just like anyone else, I am hoping for a GUI to facilitate the first ever dICO if and when Monaize opens its token sale to the public.

Just doing some testing for the dICO:

alicefee 0.00013 KMD https://kmd.explorer.supernet.org/tx/19da391c26a27c2d06edec8fcae053c5ab9a949480f118b91f1a37fd4280e23a
bobdeposit 0.07044748 MNZ 2b69236183efcc4528e52e57fc59ba022c28c3b27d224bf356db76d91c0c3b0d
alicepayment 0.0101 KMD https://kmd.explorer.supernet.org/tx/4324e8dec16ec7283504ce329bfaf6d08566d653959708d031ca86c1c4f4e6a5
bobpayment 0.06261999 MNZ 5bf883a849cb2319ea46e7a69e99486bdf8e178b79e0117ea887deb09be66198
alicespend 0.06251999 MNZ 88ad6e63c478250c547dd1c9b6e5a5592f67af99d8d0444ce8016eebdd604178
bobspend 0.01 KMD https://kmd.explorer.supernet.org/tx/3e69c180cdd63a2f4db2f079aa2222834a49fd671b38e7fea8a3daf83a315c8e
bobrefund 0.07034748 MNZ 3694105cfef9a91a37443fdeab77b9fbd969858d883987671c12d81e8f32273f

The first MNZ atomic swap just completed. If you look at the timestamps, you will find out some interesting things.

We have a huge huge opportunity with barterDEX now.If all works correctly can be the new Poloniex.Decentralized exchanges are the next step in crypto and being the first is very important.HODL

barterDEX is the only one I am aware of
you can always use the JUMBLR if privacy is desired

Smart plan!

Looks like centralized exchanges have gone too far. Which current DEXs support the most coins and doesn't require to download whole blockchains of each coin you want to trade? Also anonymity is kinda essential here, because you don't want to be responsible for anyones dirt while trading coins.

You can buy the MNZ ICO with KMD, where you will get a bonus over paying with BTC.
Here is a thread regarding it:
https://bitcointalksearch.org/topic/annmnzb2b-monaize-banking-meets-blockchain-2229089

Sorry guys but can someone explain me what exactly Komodo have with MNZ ICO? Is it kind of ICO pyramid?

And can someone provide link to announcement thread of this MNZ ICO please?

ETH is a generalized computing, so it can run any (theoretically) smart contract. To date, it seems only the ICO is the real world use case for ETH that is being actively used. KMD makes dICO.

If you are familiar with the concept of dedicated firmware devices, maybe you can understand the purpose of KMD. Given any generally computable application, it is possible to put it into firmware device, the only issue could be lack of CPU power in the firmware device.

Here, it is upside down. A dedicated blockchain for a specific dApp will have orders of magnitude more processing power available, think ASIC mining vs CPU mining.

So, we will watch what useful dapps ETH ecosystem creates and then make a dedicated solution that does only that, no need to sync to a 1 Terabyte blockchain, no need to link all dapps every created to a single centralized blockchain.

decentralize everything

It is monaize dICO and maybe they have a slightly different way than normal, but you can ask them directly

These preparation for MNZ ICO is somehow confusing.
Usually when there is going to be ICO it is advertised actively everywhere [every possible channels every week or so] for 1-3 months or longer.
Meaning social media, newspapers, websites and so on.
And I do not see much advertiesments for these except some accidental twitter channel...

I doubt its alternative to ethereum. Ethereum has larger purpose.

Nice to know, I hope that will help Byteball in the future to rise again like it did a few months ago, the last weeks were really hard for GBYTE holders.

FTFY

Good coin and still very cheap! Fill your bags and as much as u can. Very solid team!