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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 59. (Read 1192048 times)

member
Activity: 322
Merit: 49
 KMD rewards work on a thing called nlocktime. If I remember correctly, this is a time stamp of when the transaction happened and it's stored in Unix time (Had to look this up first time) but not all transactions set nlocktime by default. if a UTXO doesn't have nlocktime set, it won't gain rewards. So wallets like Agama, and Guarda set locktime by default, and they also set it in the transaction when you "claim rewards". but wallets like Ledger are not set up to view nlocktime and are not set up to set it when you send from their wallet. so when it arrives in your Agama wallet, nlocktime is not set. So if you send to yourself from Agama it will set locktime and start gaining rewards.
newbie
Activity: 100
Merit: 0
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...

https://i.imgur.com/brXDiwM.png
Very impressive figures from KOMODO network's performance!
The project has had great capabity to process massive transactions almost instantly via its top-notch blockchain-based technology.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
...People today in the detachment are not interested in technology itself, but in making money with it...
Literally everything that is wrong in the crypto space right now.  Cry  Cry
sr. member
Activity: 854
Merit: 253

How does Komodo work:-

dPoW secured Blockchain projects are like highways and built on the Komodo platform. These projects are fully independent with Lightning fast transaction speeds (within seconds), no point of failures, no traffic jams, unlike projects that are build on an Ethereum-based ERC20 token.

When a picture speaks a thousand words

But at the moment until the collection of money for new projects go without a komodo, then it will be less popular. People today in the detachment are not interested in technology itself, but in making money with it. And for this reason, such projects as a komodo do not stand in the first places for investment.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
What is the relationship between the Komodo coin and the decentralized exchange?
Or in other words - what will determine the demand for KMD?
 Huh
Why does/would one of those things have to do with the other? Komodo creates the demand for Komodo, with or without BarterDEX even existing.
sr. member
Activity: 383
Merit: 252
What is the relationship between the Komodo coin and the decentralized exchange?
Or in other words - what will determine the demand for KMD?
 Huh

Komodo is used to enable speed trading mode on dex.  Additionally fees to dex and related asset holders get paid in kmd .  Other demand generators are delayed proof of work,  Jumblr and eventually MoMoM
sr. member
Activity: 383
Merit: 252
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...


One question about writing a snapshot to the Bitcoin Blockchain. I try to understand the principle. The more transactions Komodo has, the more information must be written to the Bitcoin Blockchain, right? The more information the more expensive is the writing into BTC ledger. Who pays this? If this is paid with the Komodo fees, then, Komodo fees must first be exchanged for Bitcoin, right? How does it happen and how does the process work?

More people notarizing to KMD doesn't increase amount of data stored on btc.  The ICO funds are used to do the notarization onto bitcoin. 
full member
Activity: 322
Merit: 100
What is the relationship between the Komodo coin and the decentralized exchange?
Or in other words - what will determine the demand for KMD?
 Huh
member
Activity: 88
Merit: 50
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...


One question about writing a snapshot to the Bitcoin Blockchain. I try to understand the principle. The more transactions Komodo has, the more information must be written to the Bitcoin Blockchain, right? The more information the more expensive is the writing into BTC ledger. Who pays this? If this is paid with the Komodo fees, then, Komodo fees must first be exchanged for Bitcoin, right? How does it happen and how does the process work?

Komodo has a war-chest of Bitcoin from their ICO. Last I checked given current tx fees, they could notarize for more than 50 years...
member
Activity: 322
Merit: 49

How does Komodo work:-

dPoW secured Blockchain projects are like highways and built on the Komodo platform. These projects are fully independent with Lightning fast transaction speeds (within seconds), no point of failures, no traffic jams, unlike projects that are build on an Ethereum-based ERC20 token.

When a picture speaks a thousand words
member
Activity: 322
Merit: 49

i think when the smart contracts on komodo are ready it mught be very good to build something like cryptokitties to show that congestoin is not a problem for komodo, is that going to be possible does komodo have the erc72?1
legendary
Activity: 1400
Merit: 1009
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...


One question about writing a snapshot to the Bitcoin Blockchain. I try to understand the principle. The more transactions Komodo has, the more information must be written to the Bitcoin Blockchain, right? The more information the more expensive is the writing into BTC ledger. Who pays this? If this is paid with the Komodo fees, then, Komodo fees must first be exchanged for Bitcoin, right? How does it happen and how does the process work?
Those who are running/managing a notary node are allowed to mine KMD blocks easily as an incentive for managing the notary node, you can read more about it here[1].


[1] https://komodoplatform.com/2018-notary-node-elections/
hero member
Activity: 924
Merit: 556
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...


One question about writing a snapshot to the Bitcoin Blockchain. I try to understand the principle. The more transactions Komodo has, the more information must be written to the Bitcoin Blockchain, right? The more information the more expensive is the writing into BTC ledger. Who pays this? If this is paid with the Komodo fees, then, Komodo fees must first be exchanged for Bitcoin, right? How does it happen and how does the process work?
legendary
Activity: 1554
Merit: 1044
Komodo. 1 million transactions per second. Daniel Pigeon, interview.

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they would also have to hack Bitcoin's blockchain, since it's the biggest at the moment, that's impossible...

jr. member
Activity: 88
Merit: 5
Staker.network - POS Smart Contract ETH Token
And the Komodo project is really good, in all respects in a very short time I think it will take its top place on the podium. I bought coins recently, hope it will be a good investment.

Yes, I heard that you need to keep on your wallet more than 500 KMD .
Soon you will receive coins ZILLA.
I also decided to buy some of these coins. Here we will soon fly to the moon )
jr. member
Activity: 168
Merit: 5
And the Komodo project is really good, in all respects in a very short time I think it will take its top place on the podium. I bought coins recently, hope it will be a good investment.
sr. member
Activity: 490
Merit: 262
The World’s First Blockchain Core

"First off, Komodo claims to be compatible with any of the popular programming languages, meaning smart contracts can be written in Python, PHP, Ruby, Pearl, Go and TCL. Front end web support is also catered for with JavaScript, CSS, HTML, and XML options available."


How is this section to be understood in the article? Is Komodo platform already smart contracts ready or is this just a preview of what Komodo's smart contracts feature will be able to do in the future?
I think They are possible to be ready for smart contracts on KMD platform so this article saying "Why Investors Should Pay Attention to Komodo (KMD)?"
Maybe KMD platform will be a new revolution of crypto technology next year.
hero member
Activity: 924
Merit: 556

"First off, Komodo claims to be compatible with any of the popular programming languages, meaning smart contracts can be written in Python, PHP, Ruby, Pearl, Go and TCL. Front end web support is also catered for with JavaScript, CSS, HTML, and XML options available."


How is this section to be understood in the article? Is Komodo platform already smart contracts ready or is this just a preview of what Komodo's smart contracts feature will be able to do in the future?
full member
Activity: 294
Merit: 123
The World’s First Blockchain Core

That's an awesome news . This is a major competitor in the future cryptoworld and KMD platform will draw attention to all users and the cryptocurrency community.
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