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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 777. (Read 1192347 times)

copper member
Activity: 1876
Merit: 533
I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.
Welcome @ca333!!  Cool
wow. this is really great to see Ca333 is now part of Komodo also.. I am working with Ca333 in CealNet project and believe me he's an extreamly friendly person.

find Ceal here: https://bitcointalk.org/index.php?topic=1644145.220
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.

Thank you for this exciting opportunity!

about me: I have worked multiple years in the field of IT-security, network security and network-based software development (relay services, div. detection system, and so on). In the last years i was involved in a few scientifc projects. I like pentesting software and network services. First and foremost i love reviewing and securing decentralized software and blockchain-based technologies. I found my calling in this. And i am very proud and feel honored to be part of such exciting projects and milestones in the evolution of IT. The vision behind SuperNET was the motivation for me to be part of this.

Few days ago i did a security audit and source-code review for james and the superNET-org and we discussed many topics and potential enhancements in the general field of crypto-security. I proposed a novel solution which we are now working on. I do not want to reveal more than necesary. So far we are the first and only project to use this technic for the usage with cryptocurrencies. It will ease the usage and provide top level security for the average user with no IT-knowledge.

I thank the superNET team and organisation for this interesting and exciting opportunity.

I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.
Welcome @ca333!!  Cool

thank you @yassin54!

Welcome to the team ca333!

You were just added to our team page on komodoplatform.com
hero member
Activity: 518
Merit: 500
This is to hard to understand https://www.komodoelection.com/registration/ but if i guess corect you are looking node i have only 1 requirements - 100Mbps internet connection  i have 120 Mbps i can rent my net.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
So in immediate term, Zcash founders/dev/etc. team get 20% of available coins Komodo founder/dev/etc. team get 10% of available coins?

No one personally gets 10 %, they all go towards development just like the BTC we raise in the ICO does. The 10M KMD coins are part of the capital we will have.

What's the difference between regular and notary nodes? Does zcash have notary nodes?

Zcash does not have notary nodes, they are part of a delayed Proof of Work consensus that we are building on top of Zcash.

There will be 64 notary nodes, which are elected by the Komodo coin holders. The notary nodes will notarize komodo block hashes to Bitcoin blockchain and they will do majority of the mining. Mining with normal nodes is not economical.

Komodo: Zcash PoW with dPoW Consensus Mechanism
Notary Node Elections

who becomes a notary node?

Anyone can get elected. If you are interested we recommend you to join #notarynode channel on SuperNET Slack and run a notary node in Komodo testnet.

Setup Komodo Notary Node
https://www.komodoelection.com/

https://komodoplatform.useresponse.com/topic/can-you-give-me-information-about-the-notary-nodes-election-process
https://komodoplatform.useresponse.com/knowledge-base/article/do-we-need-to-have-the-dedicated-server-already-in-place-for-the-vote-or-is-it-enough-to-describe-the-server-which-will-be-ordered-after-a-successful-candidacy
hero member
Activity: 724
Merit: 500
The UI looks nice. Will there be a native Windows client, or is this Java (slow start etc)?
hero member
Activity: 521
Merit: 522
Developer - EthicHacker - BTC enthusiast
I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.

Thank you for this exciting opportunity!

about me: I have worked multiple years in the field of IT-security, network security and network-based software development (relay services, div. detection system, and so on). In the last years i was involved in a few scientifc projects. I like pentesting software and network services. First and foremost i love reviewing and securing decentralized software and blockchain-based technologies. I found my calling in this. And i am very proud and feel honored to be part of such exciting projects and milestones in the evolution of IT. The vision behind SuperNET was the motivation for me to be part of this.

Few days ago i did a security audit and source-code review for james and the superNET-org and we discussed many topics and potential enhancements in the general field of crypto-security. I proposed a novel solution which we are now working on. I do not want to reveal more than necesary. So far we are the first and only project to use this technic for the usage with cryptocurrencies. It will ease the usage and provide top level security for the average user with no IT-knowledge.

I thank the superNET team and organisation for this interesting and exciting opportunity.

I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.
Welcome @ca333!!  Cool

thank you @yassin54!
legendary
Activity: 1540
Merit: 1000
I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.
Welcome @ca333!!  Cool
legendary
Activity: 1176
Merit: 1134
I would like to welcome ca333 to the komodo technical team. He will be in charge of security and will be doing regular audits on the codebase and APIs. He has also come up with a novel solution, but I will let him introduce himself more.

member
Activity: 91
Merit: 10
Yes, there are no founder mining rewards.

In launch we will sell 90M KMD coins out of the 100M. The remaning 10M is reserved for development, advisers and bounties.

So in immediate term, Zcash founders/dev/etc. team get 20% of available coins Komodo founder/dev/etc. team get 10% of available coins?

After the launch the Komodo supply will inflate to 200M over 14 years.

The mining is different from Zcash because we are building the dPoW consensus on top of the Zcash equihash PoW mining. This means that the Notary Nodes will do majority of the mining with an easier difficulty, and the other normal nodes will have a higher 'normal difficulty'. Thus it is not economical to mine KMD with normal nodes, but the system ensures that the mining (and the network) continues even if the notary nodes would disappear for some reason.

What's the difference between regular and notary nodes? Does zcash have notary nodes?



The Notary Nodes will receive blockrewards and the tx fees.

who becomes a notary node?
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Does Komodo come
--without the 20% founder mining reward?
--without that 6 trusted custodians thing?

if so, in what other ways is it better than zcash? any big dev names associated with this?

Yes, there are no founder mining rewards.

In launch we will sell 90M KMD coins out of the 100M. The remaning 10M is reserved for development, advisers and bounties.

After the launch the Komodo supply will inflate to 200M over 14 years.

The mining is different from Zcash because we are building the dPoW consensus on top of the Zcash equihash PoW mining. This means that the Notary Nodes will do majority of the mining with an easier difficulty, and the other normal nodes will have a higher 'normal difficulty'. Thus it is not economical to mine KMD with normal nodes, but the system ensures that the mining (and the network) continues even if the notary nodes would disappear for some reason.



The Notary Nodes will receive blockrewards and the tx fees.

Anyone holding KMD will receive 5% APR from (like staking awards) when they send a normal non-anon TX. The reward is paid from the last time you sent it. So if you hold 1000 KMD for 6 months without moving them, you would receive the interest once you send them to a new address.

About the trusted setup

There is no way for us to create the parameters more securely than the Zcash team will, thus we will use the same parameters. The topic has been addressed before by jl777, see:
https://bitcointalksearch.org/topic/m.16257692
https://bitcointalksearch.org/topic/m.16352842
https://bitcointalksearch.org/topic/m.16636554

Also the Zcash blog posts are relevant:
https://z.cash/blog/generating-zcash-parameters.html
https://z.cash/blog/the-design-of-the-ceremony.html

We don't see ourselves competing with Zcash. We are simply using their privacy technology because it is the best technology available. We expect there to be many Zcash forks, and we are just the first one. Many different projects require privacy, and that's why they too are an open source project ... so different projects can utilize their technology.

Here's what jl777 things about competition with Zcash: https://bitcointalksearch.org/topic/m.16592269

But what makes us different from Zcash? From privacy standpoint: none. However there are two major things, 1) we have the new dPoW consensus mechanism that can be used by third party blockchains as an additional security layer, 2) Komodo integrates and is used by the overall SuperNET technology / ecosystem.

We have one quite famous developer: jl777. He's the lead developer of SuperNET, Iguana, and Komodo. Recently he came up with a way to describe these three things very simply: "SuperNET is the vision, iguana is the software, komodo is the coin".
member
Activity: 91
Merit: 10
Does Komodo come
--without the 20% founder mining reward?
--without that 6 trusted custodians thing?

if so, in what other ways is it better than zcash? any big dev names associated with this?

You have all the info in front page. 20% founder reward is a scammy practice and Komodo's design has nothing to do with that supply model.

and it doesnt come with that trusted custodian thing either?
sr. member
Activity: 344
Merit: 250
Does Komodo come
--without the 20% founder mining reward?
--without that 6 trusted custodians thing?

if so, in what other ways is it better than zcash? any big dev names associated with this?

You have all the info in front page. 20% founder reward is a scammy practice and Komodo's design has nothing to do with that supply model.
member
Activity: 91
Merit: 10
Does Komodo come
--without the 20% founder mining reward?
--without that 6 trusted custodians thing?

if so, in what other ways is it better than zcash? any big dev names associated with this?
hero member
Activity: 650
Merit: 502
Many of you might be wondering what are these "assetchains" and what the heck is "PAX"  Huh

In short, they are all part of the SuperNET's vision to decentralize everything and solve the biggest problems crypto has. These terms might be familiar for those who hang around in SuperNET slack daily, but go a little over the top for the new investors. So what problems are we solving?

> dPoW will secure the weak chains (solves security problems)
> assetchains will create independent assets with their own blockchain (solves blockchain dependency problem)
> atomic swaps (DEX) will create a market for coins and assets in assetchains (solves decentralize exchange)
> PAX will create fiat backed assets, i.e. crypto dollars (solves volatility problem)
> Iguana is the multicoin wallet (solves decentralized wealth storing)

Each PAX asset has its own blockcahin (assetchain), and those are secured by dPoW. Likewise the dPoW will secure all the assets in assetchains and those assets can be sent and stored in a decentralized wallet called Iguana. Each PAX asset and any other asset from assetchains is traded in decentralized exchange thanks to low level Iguana tech and atomic cross-chain swap protocol.

Everything jl777 has been developing ties together into this big ecosystem of decentralized solutions. The different parts need each other and together they will power-up a bigger system that will go head-to-head against the old fiat system. In this vision the dPoW and Komodo play a big role. Whenever you see a mention about BTCD you can replace it with Komodo, as Komodo is the BTCD 2.0. In time, everything that uses BTCD will be using Komodo.

About PAX

You can read about PAX from bitcoindark.com website. It should be about 80% up-to-date info, and gives you a basic understanding about what it is.

Pegged Assets Exchange (PAX) - FAQ

There's also a good infographic about it. However, at last for now the PAX will only have fiat currencies and not gold, silver, etc.


This was a great explanation. Thanks!
hero member
Activity: 1068
Merit: 523
how many people are offering notary node setup & maintenance services for hire so far?
sr. member
Activity: 383
Merit: 252
some questions
(sorry lost track here for a sec)

- ICO over ?
- when are komodo payouts ? (is there a wallet available ?)
- Notarynodes ? are they like Dash Masternodes ? (payouts and such- anybody can run one ?)

tx

1) ICO is still in progress  until November 20th
2) Mainnet will be live 2 weeks after ICO finishes wallet will be available and you will be able to withdrawal your coins then.
3) Anybody can technically be a notary node provided that you have good enough hardware, participate in the #notarynode  channel of the SuperNET slack and receive enough votes when the election is held.   Notary Nodes are different than Dash's Masternodes,  Notary nodes primarily do the mining in Komodo where Dash Masternodes are complementary to Dash mining.
full member
Activity: 172
Merit: 100
full member
Activity: 236
Merit: 100
some questions
(sorry lost track here for a sec)

- ICO over ?
- when are komodo payouts ? (is there a wallet available ?)
- Notarynodes ? are they like Dash Masternodes ? (payouts and such- anybody can run one ?)

tx
hero member
Activity: 724
Merit: 500
It was written in the Slack. I doubt it´s still there because of the limited stored messages. But i made a screenshot ;-)

The messages are not deleted in slack. They can still be accessed if the owner of the slack channel converts the channel to the paid model.
hero member
Activity: 1274
Merit: 513
What I put in this "PASSPHASE VERIFICATION
Verify the passphrase you have saved in your backup in the textbox below: "
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