Hi,
New to the party. Shame I didn't find out about this project sooner.
I have a couple of questions about the project. I've read over the road maps and whitepaper, but found some parts confusing as there is so much going into this project.
As a platform, will holding KMD as more and more dicos are built onto the platform result in airdrops for KMD holders? Similar to EOS investors currently receiving rewards for holding a certain amount in their wallets?
Also. Everyone says to research. Ive really tried, but I find that there are so many platform projects currently about to be the next big thing. NEO, QTUM, ICON, NULS, ETH, AE, EOS etc.
Each project claims they outdo all others. Its hard to find whats genuine and whats not. Each claims that they will all surpass ETH as top-dog in the future.
Its just become so saturated that it's hard to determine the good projects from the fake ones. I'm not all about $ figures. I want to buy into a coin that will last and have a solid community.
What really differentiates KMD from the rest? Or are they basically all similar and the market place in the future will have a need for them all?
Thanks for any insight you can provide. I appreciate your time.
Cheers
KMD has notary nodes which can create data that performs the function of an oracle, ie. notarizations, MoM, that enables the cross chain contracts. As far as state channels go, what exactly is meant by that and what functionality does it enable that is not possible otherwise?
To my thinking being able to execute arbitrary complexity computations in a dedicated blockchain (nodes validating that chain) and then using the result of that in any other chain, is quite a flexible architecture that is able to implement essentially any decentralization solution. After we get the basics in place we will demonstrate this with a decentralized poker solution. Instead of working on fancy buzzwords, we simply are working on solving the actual problems of scaling
there are so many projects that are solving a subset of what needs to be solved. scaling without security is not any scaling solution. To my knowledge no other scaling solution is using full bitcoin protocol transactions, ie. even atomic swaps, that ends up with BTC level security
in addition to arbitrary scaling, BTC security, we get zcash privacy, and again I am not away of anybody that does even 2 of the 3: Scaling, Security and Privacy. And all the other platforms require locking into the main coin's usage. While in the short term this might look good, it is not sustainable long term. After all, who wants to pay $5 for a $1 transaction, just because some game app is being popular at the time
The other scaling solutions start from one large blockchain and are trying to shard it into different pieces (how is each piece secured?). With KMD there never is any single large blockchain, things start out in their own dedicated blockchain, so there is no need to solve the sharding problem, it is already segregated into the different blockchains that contain only info that is of interest to that blockchain
dPoW and notarization of the MoM data then allows doing cross chain contracts between any chains in a cluster of chains. It is the notarizing that enables infusing the entire ecosystem with BTC level security.
Basically KMD achieves the Scaling + Security + Privacy solution with a minimum of new cutting edge tech that might or might not stand the test of time. Even the cross chain contracts is using SPV techniques known from the original satoshi whitepaper. The independent blockchains are using time tested bitcoin protocol codebase (as forked by zcash)
