Hi, I was just wondering what DopW is and how does it work ?
Hello!
Very simply: it is an additional consensus layer that can be built on top of any existing consensus. For example, Komodo built its dPoW consensus on top of the Zcash equihash PoW mining and attached to Bitcoin blockchain. The benefit of this is that Komodo is also secured by Bitcoin's hashrate.
A very simple illustration:
first KMD confirmation, a transaction is secured by Komodo's hashrate
first BTC confirmation, a transaction is secured by Bitcoin's hashrate
Any other blockchain can use dPoW too. For example, Komodo USD also built a dPoW protection layer on top of its blockchain, and it has attached itself to Komodo blockchain. Similarly even a PoS coin could adopt the dPoW layer and attach itself to Komodo. Through the KMD they too will get the Bitcoin level protection.
All in all, it's a blockchain security layer for blockchains. With it no bigger chain can conduct an attack against a weaker chain.
hi - quick question - I am an old time holder of the Supernet/Unity asset - with the Komodo rollout, I am a little confused of the relationship between the two - is Unity still part of the equation? Is it still worth something? If so, if someone can explain why/how that would be extremely helpful. Thanks in advance and apologies for the cluelessness.
Hello! Here's the difference in a nutshell:
- SuperNET aka UNITY (like the stock of the SuperNET organization, not a coin or money, the asset won't have any utility like a coin does)
- Komodo (KMD) (money and SuperNET platform infrastructure coin. It will be used by many Apps/DAPPs SuperNET is building on top of it platform)
