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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 786. (Read 1191996 times)

sr. member
Activity: 784
Merit: 253
Set Your Ideas Free

The Current dPoW Status

If you guys have been reading jl777's posts with care you should be aware of the great progress the team is making! We are actually ahead of our schedule.

Quote
I dont think many people reading this thread realize that every day there are a dozen notary node operators updating to the latest build and helping troubleshoot any issues with the latest versions. Without all this effort there is no way that dPoW would have come together so fast as debugging is a time consuming process.

Having so many different servers testing it all at once… well it is hard for bugs to hide for long. They are all so busy with the servers, they hardly ever post here and are the unsung heroes
Cheers to all the notary node operators!  Cheesy

Read the good news from jl777:

dPoW Progress Report
dPoW Progress Report: It Is Working!

full member
Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?


Yes, that is correct.

So after komodo launch, no btcd in the world any more? Btcd is the history, the new btcd is komodo, right?

Not so fast. BTCD is still the currency used as txfee in SuperNET projects like InstantDEX/EasyDEX, and will be used for quite some time. The change will happen gradually as Komodo mainnet goes stable for some time and also EasyDEX platform goes a bit more stable. The process of using Komodo in places where BTCD is implemented is a gradual process, not sudden process.
member
Activity: 89
Merit: 10
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?


Yes, that is correct.

So after komodo launch, no btcd in the world any more? Btcd is the history, the new btcd is komodo, right?
hero member
Activity: 1068
Merit: 523
On the knomodo election site is says positions for Europe have been filled, but how can they be filled before the election has happened?
legendary
Activity: 1176
Merit: 1134
bug captured
gdb backtrace identified exact line
new version in testing

what could have otherwise taken days to track down, we did it in a couple hours
legendary
Activity: 1176
Merit: 1134
Thanks to all the notary node operators, we found and fixed several crash type bugs.

still hunting down one last crash and I also need to add a height range to the notarized checkpoints, but that is simple logic.

the crash is appearing only after a block is mined, so takes a while to duplicate

I also notice the few things I added to the bitcoind code has slowed things down, it sure isnt  iguana speeds... Probably will need to allocate a bit of time to optimize performance

I dont think many people reading this thread realize that every day there are a dozen notary node operators updating to the latest build and helping troubleshoot any issues with the latest versions. Without all this effort there is no way that dPoW would have come together so fast as debugging is a time consuming process.

Having so many different servers testing it all at once... well it is hard for bugs to hide for long. They are all so busy with the servers, they hardly ever post here and are the unsung heroes

I think there is an archive of the #notarynode slack channel somewhere so people can see how much effort is being put into komodo.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free

Here's the newest graph containing the SuperNET dividend flows.

Many of the assets listed on the graph are projects build on top of SuperNET/Iguana/Komodo... they will be reference applications that showcase the technology we are building. Anyone could use the SuperNET API (called agents) and build on top of our open source technology.

EDIT: To make it clear, the revenue flows BTCD was promised are not going to migrate into Komodo.



I am not saying that Komodo is a scam. But the general rule of project and asset structuring is that if it looks unnecessarily complex, it's unnecessarily complex for the reason that you simply don't want people to know how it works.

I wish Komodo all the best, but will sit this one out.

Yes, these things can get quite complex quite fast. However, all the assets listed on that picture have nothing to do with Komodo. It's just an informative graphic that really has nothing to do with Komodo.

Komodo is part of SuperNET and has its function, but the basics are really easy to understand: 1) Zcash, 2) dPoW.

When people first encounter the whole project it must be a little overwhelming. But you must understand that it is an open source project where anyone can come and start their own asset. A lot of people have started their own projects, that then are linked into SuperNET (like in that graphic). However, it is like saying all NXT assets are made by NXT devs, and because there are so many assets NXT is really complex. Don't think too much about the assets/projects build on top, but rather the underlying tech.

It's like bitcoin... it can be used in many things, but if you really understand the basics it's quite simple. You could overwhelm a new bitcoiner by talking about all the different use-cases bitcoin could have. Here in SuperNET jl777 has developed some low level technology that allows you to quickly scan blockchains (ramchains), make atomic swaps, parallel sync blockchains (Iguana), secure weak blockchains (dPoW), have decentralized shuffling, and so on... With those basics the applications are developed on top.

A decentralized exchange would need someone to have multiple blockchains synced at the same time, and of course atomic swaps. A poker game would require a way to decentrally create random numbers, and of course the same underlying technology can be used by any other application (like any casino game). The assetchain will require dPoW to secure themselves and of course they can be traded in the decentralized exchange and the coins secured in a decentralized wallet.

What is the mission of SuperNET? Solve the problems crypto has. What did I describe above? Basic problems crypto has, and SuperNET is in a tipping point of soling quite many of them. That is what jl777 has promised and what he has been working towards for the past 2 years.

Komodo is the coin fueling the whole ecosystem, as it currently is the only blockchain... all the others are just assets. Komodo blockchain is used to create many of those services, and on top of that Komodo has dPoW and Zcash technologies like previously mentioned.

Ok I can admit that this all can be quite complex, as there are so many different parts which at the end will work together to create the overall solution. Even if you don't fully understand the big picture it should come quite clear with little bit of digging that this is definitely not a scam. We are quite seriously trying to develop all these things and bring crypto to another level.
legendary
Activity: 1540
Merit: 1000
When ico is ending?
20 November!!  Smiley

Here's a more precise timetable for our ICO


20 % bonus ends on October 23rd, 3PM UTC

15 % bonus ends on October 30th, 3PM UTC

10 % bonus ends on November 6th, 3PM UTC

5 % bonus ends on November 13th, 3PM UTC

ICO ends on November 20th, 3PM UTC
hero member
Activity: 812
Merit: 500
sr. member
Activity: 504
Merit: 250

Here's the newest graph containing the SuperNET dividend flows.

Many of the assets listed on the graph are projects build on top of SuperNET/Iguana/Komodo... they will be reference applications that showcase the technology we are building. Anyone could use the SuperNET API (called agents) and build on top of our open source technology.

EDIT: To make it clear, the revenue flows BTCD was promised are not going to migrate into Komodo.



I am not saying that Komodo is a scam. But the general rule of project and asset structuring is that if it looks unnecessarily complex, it's unnecessarily complex for the reason that you simply don't want people to know how it works.

I wish Komodo all the best, but will sit this one out.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?


Yes, that is correct.
member
Activity: 103
Merit: 10
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980

And Swapped BTCD is fixed? so all BTCD (1,288,862) will swap?
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Live Interview with our not-so-anonymous Komodo team

We are not sure what happened, but it turns out our team isn't completely anonymous. Looks like there are many people who aren't afraid to show their faces.

Come and witness it yourself! We will be having a live interview with coininterview.com on Friday, October 28, 2016 6PM UTC

Link to the interview

Two of our team members will be there:
 - Technical expert @grewalsatinder (Satinder Grewal)
 - Administrative Assistant polycryptoblog

Another interview with our community manager

Our community manager Audo had a written interview with a Spanish newslet. The full article written in Spanish can be found from criptonoticias.com.

The interview was conducted in English, and here is its transcript:

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.
legendary
Activity: 1428
Merit: 1000
Hello there. Is "Bitcoin investment address" in my account ICO site common for all Komodo investors or it is only intended for my deposits?
Thanks and wishing Komodo with great success.

Unique to you.
hero member
Activity: 1050
Merit: 508
Hello there. Is "Bitcoin investment address" in my account ICO site common for all Komodo investors or it is only intended for my deposits?
Thanks and wishing Komodo with great success.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

35% 500
30% 0
25% 980
hero member
Activity: 515
Merit: 502
What is the correct data for the ICO calculator so far?

Should be something like this
35%   500
30%   250
25%  1000
but i am unsure about the 250 BTC with 30% bonus.

Not exactly sure but it should be:

35% 500
30% 0
25% 980

20% is still course and it could be about 500 by the end of week. The usual path in Ico is to have a 3x or 4x spike in the last days in comparison to the beginning, so raising more than 5000 Btc seems doable by the end but 10000 will be hard.
legendary
Activity: 1540
Merit: 1000
is this gpu minable?
It is not designed to be a mined coin so unless you are a notary node, mining wont be profitable.

Unless KMD price goes way up, GPU mining wont have any ROI. There are GPU miners for equihash though, so technically it is possible, just not practical

Hi, jl, I have some questions, looks interesting, I wanna be a node.

1. What is a notary node? Is it like a masternode in dash or xem?
2. We need to set up a server to be the notary node, right?
3. The specification of notary node rewards and mining rewards? More details?

I can't find it in your op. Maybe you can show us some light. Thx.

https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
https://komodoplatform.com/whitepaper/ explains notary node.

busy tracking down bug now, no time for more details. hopefully the info you need is there
@poloniexwhale if you have time you can join our slack SuperNET -->channel --> #NotaryNode!! Wink

Slack Invite : http://slackinvite.supernet.org/
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