Komodo is separate from zcash right?
Yes they are two different coins. Komodo adds features that are not found in Zcash.
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 775. (Read 1192344 times)
October 30, 2016, 01:52:14 AM
Yes they are two different coins. Komodo adds features that are not found in Zcash.
October 30, 2016, 01:50:30 AM
The key point that people seem to overlook when it comes to the Komodo project is that our technologies are already working. Currently they are in the process of debugging and testing, which if you ever built a program understand that this is a very time-consuming process.
When you invest in this ICO you are not investing in vaporware or theoretical experiments, this is live, working code. This can be proven as well, as our dPoW is currently submitting notarized data to Bitcoin's blockchain and can be viewed by a simple tx lookup on a block explorer.
We invite any and all to take a look at the code jl777 has been patiently developing for 2 years and urge you to build komodo yourself so that you can see what it actually does and the functions and features contained within it.
When you invest in this ICO you are not investing in vaporware or theoretical experiments, this is live, working code. This can be proven as well, as our dPoW is currently submitting notarized data to Bitcoin's blockchain and can be viewed by a simple tx lookup on a block explorer.
We invite any and all to take a look at the code jl777 has been patiently developing for 2 years and urge you to build komodo yourself so that you can see what it actually does and the functions and features contained within it.
October 30, 2016, 01:45:49 AM
Komodo is separate from zcash right?
October 30, 2016, 01:41:03 AM
Wait a minute, what is komodo and why suddenly involved with zcash? why komodo says : come and invest in zcash ico?
Komodo is a fork of Zcash. We contain all of Zcash's technologies, including zk-SNARKS, in addition we bring to the table our own technology which is built on top of that coin.
Zcash conducted it fundraising through venture capital it was not possible for the average person to get in on the ground floor ( Founder's Reward).
Komodo on the other hand is a crowdfunded project which does not discriminate who gets to participate in the ICO and who doesn't.
October 30, 2016, 01:33:23 AM
I watched the first video interview and still have no idea what this is... or why it is needed...
The purpose of Komodo is to secure other blockchains. In the video I attempted to describe the risk associated with starting your own chain. In short if a blockchain does not have adequate security either through diversified hashing power or diversified coin supply in the case of PoS coins it is quite possible and feasible for a malicious actor to "take over" a blockchain. Komodo's dPoW prevents this hostile takeover through a process of notarization which is similar to multisignature but has some fundamental differences. By submitting the notarized blockhashes of third party coins to be recorded in Bitcoins blockchain a reference point is created to determine validity of the chain. History of these third party chains will not be able to be altered by an attacker because legitimate nodes can reference our notarized submission. dPoW is integral for many our technologies to be secure and functional. Assetchains for instance are a "blockchain-on-demand" service, an altcoin in its own right. One of the barriers for blockchain entrepeneurs is the high cost of securing the coin either through recruiting miners or mining themselves. dPoW allows for chains with limited resources in these areas to be secure.
By having these secure assets applications can be developed to use them. Our PAX is a great example of this. Each fiat token represented is a blockchain that is secured through our dPoW method.
October 29, 2016, 10:54:11 PM
Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
There will be no extra coins. 10mil to devs, 90 mils to investors on the pro-rata basis (based on the % of your investment in the ICO) October 29, 2016, 10:51:39 PM
I watched the first video interview and still have no idea what this is... or why it is needed...
While there is still time, you guys really need to find some bulldog type sales person with perfect English and aggressive behavior. Nothing against devs in the interview, you tried your best. We all know it. But if that was BU duo, I would expect PTSDs and restless legs syndromes here and there. James, get that school girl voice program up and running, too many eyes are looking up at you at the moment.
Unless it's a privacy/security issue of cause. I would rather prefer you anonymous than find out you are actually an attractive schoolgirl.
October 29, 2016, 10:41:30 PM
I read the OP but could not see how to apply for Komodo in the ICO.
How can I apply?
How can I apply?
You can signup or register on their ICO page here >>> https://ico.komodoplatform.com
October 29, 2016, 09:34:37 PM
I read the OP but could not see how to apply for Komodo in the ICO.
How can I apply?
How can I apply?
October 29, 2016, 07:12:05 PM
Not sure if this has already been answered but can someone please explain what happens to the additional coins if the target investment is not reached? Will they be burned off or will they be given to the investors?
October 29, 2016, 05:19:27 PM
Wait a minute, what is komodo and why suddenly involved with zcash? why komodo says : come and invest in zcash ico?
Hello there!
We are not really involved with Zcash, although our lead developer jl777 were offering his input in the alpha stage. Komodo is a Zcash fork, that will add its own technology on top of it. Basically the privacy side is exactly the same as in Zcash, including the trusted setup.
Currently we are having our own ICO for the Komodo coin. We will distribute 90M out of 100M coins to the investors.
hey guys why did you remove the ICO stats from https://komodoplatform.com/
it was good to see it w/o login, openly visible for everyone.
it was good to see it w/o login, openly visible for everyone.
You can still see the amount of BTC raised.
I believe the bonus stages didn't show up correctly so the dev had to remove some statistic.
October 29, 2016, 04:24:27 PM
hey guys why did you remove the ICO stats from https://komodoplatform.com/
it was good to see it w/o login, openly visible for everyone.
it was good to see it w/o login, openly visible for everyone.
October 29, 2016, 03:37:47 PM
Komodo cryptocurrency, By Bitconnect.
Tweet : https://twitter.com/KomodoPlatform/status/792429595517710336
Reddit : https://www.reddit.com/r/komodoplatform/comments/5a1se1/komodo_cryptocurrency_by_bitconnect_community/
Facebook : https://www.facebook.com/KomodoPlatform/posts/355236251489619
News SuperNET : http://news.supernet.org/posts/HdNGBSoYise2PyfAY/komodo-cryptocurrency-by-bitconnect-community
Reddit : https://www.reddit.com/r/komodoplatform/comments/5a1se1/komodo_cryptocurrency_by_bitconnect_community/
Facebook : https://www.facebook.com/KomodoPlatform/posts/355236251489619
News SuperNET : http://news.supernet.org/posts/HdNGBSoYise2PyfAY/komodo-cryptocurrency-by-bitconnect-community
October 29, 2016, 03:09:21 PM
Wait a minute, what is komodo and why suddenly involved with zcash? why komodo says : come and invest in zcash ico?
October 29, 2016, 02:41:34 PM
ZEC doesn't have any potential, so how can Komodo then have potential... look what happens with ZEC.... If this ICO is too expensive then it will become a failure too.
I watched the first video interview and still have no idea what this is... or why it is needed...
For a general introduction to Supernet, the project that Komodo is part of, you can get a better understanding by reading my post here
Komodo, beside using Zcash technology, is the gateway for delayed-Proof-of-Work that other blockchains will use and also many important Supernet features will be relying on Komodo. So there is a lot more at stake than just Zcash tech and Komodo does have a lot of potential!
October 29, 2016, 12:13:10 PM
assetchains testing found some strange BDB incompatibility I fixed assetchains, but not in the way you would expect
instead of battling against strange DB errors invoked by code that isnt mine, I wanted a clear path to a solution. so I decided to merge assetchains into komodod
i also made komodo-cli understand -ac_name=USD
just build komodod and you get assetchains
./komodod -ac_name=NAMEOFCHAIN
that will make a new chain with a bit more than 10 coins
-ac_supply=1000000 will issue 1 million
I am still debugging the paxdeposit -> issuing via decentralized gateway, but it appears to work well enough (I hope) for multiple nodes to sync
The other benefit is that we can now get zcash protection on fiat as each fiat is now also a zcash fork. And anybody can create a zcash fork from the command line.
instead of battling against strange DB errors invoked by code that isnt mine, I wanted a clear path to a solution. so I decided to merge assetchains into komodod
i also made komodo-cli understand -ac_name=USD
just build komodod and you get assetchains
./komodod -ac_name=NAMEOFCHAIN
that will make a new chain with a bit more than 10 coins
-ac_supply=1000000 will issue 1 million
I am still debugging the paxdeposit -> issuing via decentralized gateway, but it appears to work well enough (I hope) for multiple nodes to sync
The other benefit is that we can now get zcash protection on fiat as each fiat is now also a zcash fork. And anybody can create a zcash fork from the command line.
October 29, 2016, 11:52:28 AM
I watched the first video interview and still have no idea what this is... or why it is needed...
Very shortly & simply: Komodo is part of a broader project called SuperNET.
- Komodo uses Zcash because SuperNET needs anonymity technology, and Zcash is the best tech. Komodo can be thought as SuperNET's infrastructure coin.
- We developed dPoW so we 1) get better security for Komodo, 2) third party blockchains can use Komodo as an additional security layer, 3) SuperNET can achieve its own vision about independent assetchains.
Komodo = Zcash fork + dPoW + it will leverage from other SuperNET technologies
Here's some more info:
About GUIs, open source code, decentralization, Zcash competition
About KMD supply, mining, trusted setup
About assetchains, PAX, SuperNET ecosystem
Here's an interview conducted by a Spanish news website with our community manager
Quote
What is Komodo?
Komodo can be thought as an infrastructure coin that other blockchains and services utilize. Its biggest features are Zcash anonymity and a new delayed Proof of Work (dPoW) consensus method. Thus Komodo will use the best privacy technology (Zcash zero knowledge proofs) while enjoying Bitcoin level security.
What solution does Komodo bring to the cryptocurrencies and blockchain world?
In our bigger roadmap we needed a way to secure weak blockchains, and because of this we developed the dPoW consensus method. With the dPoW any blockchain can notarize its hashes to Komodo blockchain, which in turn notarizes its hashes to Bitcoin blockchain. It can be thought as a two-factor authentication method for blockchains or as an additional security layer.
Any blockchain platform can use Komodo for additional security, and by doing so they will also make Bitcoin more purposeful by “recycling” its hashing power. Thus Komodo will really help the entire cryptocurrency ecosystem.
What are you expecting to achieve with this ICO?
The dPoW implementation requires high capacity Notary Nodes, which will create group signed bitcoin transactions. Those transactions cost money, and part of the ICO funds will be used to make sure those Notary Nodes get properly funded. Eventually the system will become self sustaining, as other blockchain will pay tx fees to Komodo.
With the funding we will make sure our long term vision for crypto is achieved with a bigger team and an accelerating development.
Why people should invest in your ICO?
One of the hottest word in crypto is Zcash and its zero knowledge proofs, which allow extreme anonymity for its users. As the first Zcash fork we will give the same anonymity features to our users. Zcash didn’t offer a traditional ICO for its coin, so Komodo is the best opportunity to jump on this train.
Which are the plans of Komodo for growing in the future?
Komodo plays a key part in the other technologies our team is developing, and is guaranteed to get leverage from them. The other projects we are developing are parallel syncing multicoin wallet, decentralized exchange with atomic swaps, assets with independent blockchains, and so forth.
We will make it as easy as possible for other projects to start using dPoW in order to give additional security for them. Every chain using dPoW will create demand for KMD, and we expect the trend for individual blockchains to only increase in the future. A private blockchain will need security, and for that they will come to us.
Komodo can be thought as an infrastructure coin that other blockchains and services utilize. Its biggest features are Zcash anonymity and a new delayed Proof of Work (dPoW) consensus method. Thus Komodo will use the best privacy technology (Zcash zero knowledge proofs) while enjoying Bitcoin level security.
What solution does Komodo bring to the cryptocurrencies and blockchain world?
In our bigger roadmap we needed a way to secure weak blockchains, and because of this we developed the dPoW consensus method. With the dPoW any blockchain can notarize its hashes to Komodo blockchain, which in turn notarizes its hashes to Bitcoin blockchain. It can be thought as a two-factor authentication method for blockchains or as an additional security layer.
Any blockchain platform can use Komodo for additional security, and by doing so they will also make Bitcoin more purposeful by “recycling” its hashing power. Thus Komodo will really help the entire cryptocurrency ecosystem.
What are you expecting to achieve with this ICO?
The dPoW implementation requires high capacity Notary Nodes, which will create group signed bitcoin transactions. Those transactions cost money, and part of the ICO funds will be used to make sure those Notary Nodes get properly funded. Eventually the system will become self sustaining, as other blockchain will pay tx fees to Komodo.
With the funding we will make sure our long term vision for crypto is achieved with a bigger team and an accelerating development.
Why people should invest in your ICO?
One of the hottest word in crypto is Zcash and its zero knowledge proofs, which allow extreme anonymity for its users. As the first Zcash fork we will give the same anonymity features to our users. Zcash didn’t offer a traditional ICO for its coin, so Komodo is the best opportunity to jump on this train.
Which are the plans of Komodo for growing in the future?
Komodo plays a key part in the other technologies our team is developing, and is guaranteed to get leverage from them. The other projects we are developing are parallel syncing multicoin wallet, decentralized exchange with atomic swaps, assets with independent blockchains, and so forth.
We will make it as easy as possible for other projects to start using dPoW in order to give additional security for them. Every chain using dPoW will create demand for KMD, and we expect the trend for individual blockchains to only increase in the future. A private blockchain will need security, and for that they will come to us.
October 29, 2016, 11:10:26 AM
I watched the first video interview and still have no idea what this is... or why it is needed...
October 29, 2016, 10:31:13 AM
Not a single ICO has fared well recently.
WRONG! STRAT has been already 6x ICO and still growing. So your opinion doesn't make any sense.
IOTA was a manipulated scam coin that is not even available on exchanges. I wouldn't draw that comparison into well advertised ICO's like this.
you are just speaking everytime shit about IOTA cause you didn't buy it in time
October 29, 2016, 09:35:34 AM
Komodo Newsletter #5: Read about our progress.
Tweet : https://twitter.com/KomodoPlatform/status/792372894311542784
Reddit : https://www.reddit.com/r/komodoplatform/comments/5a0oq1/komodo_newsletter_5_read_about_our_progress/
Facebook : https://www.facebook.com/KomodoPlatform/posts/355134554833122
News SuperNET : http://news.supernet.org/posts/y9vBecFfN76XKByPJ/komodo-newsletter-5-read-about-our-progress
Reddit : https://www.reddit.com/r/komodoplatform/comments/5a0oq1/komodo_newsletter_5_read_about_our_progress/
Facebook : https://www.facebook.com/KomodoPlatform/posts/355134554833122
News SuperNET : http://news.supernet.org/posts/y9vBecFfN76XKByPJ/komodo-newsletter-5-read-about-our-progress
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