Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 606. (Read 1191996 times)

Thank you for this detail jl777! I am interested in governance aspects of crypto, what you have designed is very ingenious,  a good blend of decentralization but with elements of structure that allow stability and increased reliability. The other governance model of DAO looks promising too, but so far untested to run a sophisticated platform like komodo. I can't see any weakness in the notary setup for possible attacks, only problem might be human element, large number of capable candidates competing at elections, but that is a good problem to have.

"If you release the product and it has no bugs than you're late"

you can find a link to Claymore Zminer on the main page of our pool www.komodopool.com

Is there a windows software to mine KMD?

Let's be honest right, now Komodo in the current state is overly overpriced  ,  if this was 100% premined the price would have hit rock bottom by now.  Anyway as you told it's a long term project.

slackinvite.supernet.org

Sorry to use a harsh sounding word like cartel, I was focused on the closed membership aspect, did not mean anything negative by that word, I actually think having a closed system for notaries allows better coordination and long term planning, easier upgrades etc. I will look forward to next article. As a noobie to crypto I have been struck by how chaotic, unstable and amateurish many projects appear, but a few like komodo have noticeably more professional outlook.

Yes, there have been a lot more bugs than we hoped there would. The thing is that it is hard to find all the bugs without public beta. We underestimated the time to get the wallets ready, which was largely due to the need to have easy installers. Now the good thing is that we do have the installers, and a lot of hard work were put into getting them.

Looking back, maybe we should have delayed the launch even more, but then on the other hand we were already late and the pressure was growing. All in all, now that we have publicly released the Iguana we are able to find all the bugs quickly and get into a point in time where Iguana works without any major issues.

All I can say to you is that we are a long term project, and if you believe we can get all the things online as promised then the price will surely rise in long term. However, if there are unexpected delays or unforeseen problems then that could be reflected in KMD price. Nonetheless, we will keep going forward.

The price is now higher than ICO price with 0% bonus, so things are not so bad even though you weren't able to sell at the peak yesterday.

what is slack adress of komodo?

non-notary miners are getting ~40% of blocks, here is a recent 65 block sample:

51 13 12 16 -1 -1 -1 38 -1 34 28 -1 -1 -1 50 49 -1 -1 1 -1 5 -1 -1 2 53 -1 -1 14 -1 17 -1 -1 42 20 10 56 -1 -1 55 -1 -1 4 15 60 -1 9 8 23 54 41 0 59 44 19 35 -1 -1 -1 37 47 29 -1 36 -1 -1  <- prev minerids from ht.187826 notary.1 gpucount.28 43.08%

Whether a block goes to a notary node or not is random. In exchange for the ability to mine at easy diff, the notary nodes provide high end servers for network services, like basilisk mode.

Notary nodes dont have the power to create transactions, nor do they ever control anybody's funds. they are elected based on a Proof of Stake election

So while the notary nodes are in a semi-trusted position, this trust is used for getting consensus on what checkpoint to write to the bitcoin blockchain, availability of network services and other things that otherwise would be unavailable or unreliable

The network is at the same time a PoW network and a cartel mining (as you call it) which are coexisting and seamlessly shifting between each other. The added randomness of which group will mine the next block makes it that much harder to conduct attacks as no matter how much hash power you bring, the notaries mining costs dont go up.

From the other side, if any group of notaries start misbehaving, then they are subject to not receiving subsidies or outright replacement and since any notary mined block must be signed by the notary, it is not possible to hide behind a brand new address

@KomodoPlatform: i am also sorry, as described a few posts earlier i am using windows and trying full mode sync stops at 98,34% every time. Deleted and installed it several times. So the conclusion is to wait.....cheers.

And again a coin is live on exchanges without a proberly running wallet, so some lucky users are able to do with their coins what they want and others are waiting. For me its last ICO i invested  

Yes, you have the basic concept right! However, a cartel is a bit harsh word!

The notary nodes have less power than currently believed. They cannot do a 51% mining attack. The worst they can do is stop bitcoin notarizations, which would result a less secure KMD network. They could also not include a transaction into a block, but would be noticed by everyone, and then any other node could include that tx in a future block. There is also a PAX price attack vector, but we will talk more about PAX later.

So if the notary nodes want to hurt KMD the best they could do is:
 - stop notarizing KMD hashes into bitcoin blockchain
 - exclude a valid transaction from a block

We will address this issue in our next article! Stay tuned! 

So 64 notary nodes share majority of mining rewards between them, and non notaries can mine kmd but at a disadvantage.

So consensus is PoW like bitcoin, but the notaries work together and share block reward equally like a cartel.

And notary cartel membership is voted on by coin holders, preventing cartel from misbehaving.

A very interesting combination, not fully decentralized, but much more advantages from structure than other crypto coins.

Trust in the notary cartel will depend on election process, very interested to see more details when available.

What happend, I saw the price hitting 30ksat yesterday now is 14ksat, don't people know the value of this project, I will be glad it dumps more to buy more. I don't know how some people come up with their price valuation, this is heading to 100ksat soon

Are you using 'full mode' or 'basilisk mode'? The address should always be the same.

We have advised not to use the 'native mode' as there you will have to backup the wallet.dat file, and you get a different address than with 'full mode'.

on Linux you can find it’s wallet.dat under ~/.komodo/
on Windows there is no native mode yet


Sorry for the situation, you could try the 'full mode', but if you are using Windows then there are some problems too. We are trying to get the next beta release out, which will fix a lot of these issues.

Full mode is working on Linux without problems.

Many users have similar problems with the wallet. KMD is not possible to transfer on an exchange, not suitable address. Not showing balance. Not loaded blockchain. But no clear answer and help from the developers. I  removed the wallet, and will wait for normal working version.

Would be nice to give users advices to solve current problems more than promoting that KMD is live on exchanges. I´m got rid of this ICO, i just wanna transfer my KMD to cryptox and sell them. But after wallet problems, explorer problems and yesterday exchange problems today again i am not able to send it to cryptox. I´m no technic freak but i have installed a lot of wallets but never had this problems to make the easiest transactions.

So please, is any from the devs able to give me an answer how to solve my described problem? As i said a PM would also do it and its ok for me to transfer my KMD manually (just need to know what parameters are needed for it). I deleted and reinstalled Iguana now a few times, but still the same problem "Couldn´t create rawtx".

Kind regards

yes I'm sure put seed 100% correctly

Are you sure you put your seed 100% correctly? No leading/trailing spaces?