Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 755. (Read 1191996 times)

CAn i purchase BitcoinDark after the ICO & still recieve Komodo at the specified rate?

WHat is the deadline for the swap?

No. Wait a while and then retry. Polycryptoblog said the same thing had happened to him.

Are you still having problems? No one else has reported any such problems to us.

Yeah I am.
Both desktop and mobile.
Weird. .
No issues on your end?

I have had that issue before,  it sometimes stems from connection reset errors.   It worked for me trying after waiting some time.

- The other 'normal nodes' can mine KMD also, but notary nodes can mine with easier difficulty, i.e. mining is more economical. Notary nodes will make notarizations to bitcoin blockchain, yes.

Before you continue though, please understand the financial risk you are taking.
 - you must get elected
 - we decide the final notary node number after the ICO, when we know our budget (32-64 notary nodes)

Please read this warning if you already haven't.


As far as I know we still haven't found a GUI dev for it. We are looking for him though! Anyone interested join #komodo in SuperNET slack or send a message [email protected]

Answers to your questions:

1)   Komodo Notary Nodes use proof-of-work on its own chain and generates new komodo through that.   DPOW ( Delayed Proof-of-Work ) is a separate function that submits notarized data to Bitcoin's blockchain,  this is independent of Komodo mining rewards.

2)  64GB RAM is preferred.   Several reasons for this.   a)  Komodo mining is done with Equihash algorithm,  which is memory-intensive.  b)  Notary nodes will be running multiple block chains at once,  these block chains are Zcash clones, meaning also memory intensive.

3)  CPU required has some leeway,  just make sure it is somewhat modern.   Primarily   High RAM and SSD  are required

4)   500GB SSD Storage minimum

So when do you guys expect to have the Assetchains GUI ready?

Important info about our roadmap!


We try to cover some of that in our third article we publish this week.

~ 2 weeks after ICO you can make Zcash anonymous payments and we will have notary nodes notarizing Komodo blockchain to Bitcoin's blockchain, i.e. bitcoin protection. We will also be securing our fiat pegged assets with dPoW, which are now being tested in the testnet. The short term roadmap is to find all the bugs and deliver all the features we have talked about: EasyDEX, PAX1, Assetchains.

Another job is to encourage people to run custom notary nodes that are used to notarize the block hashes of 3rd party blockchains to Komodo. We want to get as many blockchains to use dPoW as possible. The best thing is, that all it requires is some code changes (can be done in 1 day), and a softfork. There is really no limit of how many blockchains could use Komodo to get bitcoin level protection.

All this will take time & effort... but if we are talking about the roadmap beyond these features, then I'll just quote jl777:

After smartchains jl777 is also looking to develop 'virtualchains', which are smartchains without any physical nodes.

What we are looking to do, is use DEX & dPoW to make blockchains scalable. A quote from jl777:

Are you still having problems? No one else has reported any such problems to us.


We will distribute the coins ~2 weeks after the ICO.

We cannot promise if / when the exchanges list us, you will have to ask them! We have informed them about us.

Hello,

i want to host a komodo notary node like discribed on github. I decided to ask my questions here,because maybe someone else is looking for these informations:

- As far as i understood, komodo notary nodes will "mine" komodo coins by pushing the transactions into BTC blockchain. Is this true?
- It is discribed, that the node will need min. 64GB of RAM -> are 32GB or 48GB also working or are the scripts such big?
- What CPU is needed? Is it a most likely RAM based application or CPU/HDD?
- Should the server have much storage for eventually very big db.logs / transaction logs?

Maybe someone can help me out
Thank you, seems like one of the most promising current projects out there.

oh, another troll just...trolling! lol

do something else instead of what you already do, invest in it!!!                                                                                                                                                                

ICO ends this weekend, any news on coin distribution and exchange where we can trade it.

You can contact them directly here:

[email protected]

Whats up with the komodoplatform website?
It says im banned from the site.
Is that just me, or anyone else having the same issue?

Where can I see the KOMODO roadmap? Invested 0.5btc

Why do you say that? Everything is pretty much working in our testnet:
 - dPoW (we make notarizations to bitcoin blockchain)
 - PAX pegged assets (being tested, could be some bugs, but works)
 - Decentralized cross-chain exchange (GUI not ready, but we have made atomic swaps from a command line)
 - Zcash anonymous transactions are working
 - 5% APR is working (but its the newest addition and is still being tested, debugged)
 - You can install Iguana multiwallet and sync multible blockchain at the same time (warning: for advanced users only at this point, next major release ~2 weeks after ICO)

We have already delivered, and the ICO is still going on. It just takes a bit longer to fix all the bugs and get installers ready. However, we are ahead of schedule and the development speed has been enormous during the whole ICO.

Thanks for asking though, hopefully this cleared everything about the state of our project!

this coin will end up....NOWHERE like all the rest of their "projects"

I'll second that, the article was very well written and easy to understand. I hate when articles that promise to explain technical issues only create more uncertainty and confusion. Good job!

Further details about 5% APR

Usually staking requires one or even two transactions per staking, mostly to just get a fraction of a coin, and this has to be done every block. However with KMD the interest is accrued automatically and you can collect it as early as one hour.

How to earn the interest?
Do nothing, you are earning it all the time.

How to collect the interest?
Just send funds and it will automatically add the interest.

How to check your interest?
You can see the accumulated interest rate from the GUI. However more technically speaking you can use 'listunspent', 'gettxout' and 'getrawtransaction' to show the interest accrued on a per utxo basis, 'getinfo' and 'z_gettotalbalance' shows the combined interest among all your utxo

We made the 5% APR as easy to use as possible. There are no settings to turn on, no modes to active, no passwords to unlock.

Since it is not directly visible in the blockchain, the only indication it exists is via the various calls, as it accumulates at the satoshi level. You can track how the interest grows by just doing a 'getinfo' call hourly.

One technical note: in order for utxo to gain interest it needs to be at least 10 KMD, and it also needs to have nLockTime field set. By default in other coins this field is zero, but with KMD it is changed so that by doing a 'sendtoaddress' sets the nLockTime. What that means is that if somebody sends some KMD to you using komodod, it will start earning interest. To verify just make sure nLockTime is not zero.

Only people that are mining are likely to have utxo that doesn't earn interest. They would need to send it (anywhere) for it to start earning interest. So if utxo is eligible it will automatically start earning interest and to get it, just spend it.