Author

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 827. (Read 1192387 times)

legendary
Activity: 1540
Merit: 1000
The Whitepaper is here!

The Thunderclap campaign has been extended by one day! Let's try to get everyone on board.

We went ahead and published the white paper today. With the thunderclap campaign we can spread the news quickly and far away!

The campaign is not only about our ICO... it's also to inform the whole crypto world about the innovation. We want to make crypto strong, and we want other projects to use Komodo to secure their platforms.

Read the whitepaper and help us share the news!

Best regards,
Komodo Team

Please Everybody support The Thunderclap!!

sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
The Whitepaper is here!

The Thunderclap campaign has been extended by one day! Let's try to get everyone on board.

We went ahead and published the white paper today. With the thunderclap campaign we can spread the news quickly and far away!

The campaign is not only about our ICO... it's also to inform the whole crypto world about the innovation. We want to make crypto strong, and we want other projects to use Komodo to secure their platforms.

Read the whitepaper and help us share the news!

Best regards,
Komodo Team
sr. member
Activity: 281
Merit: 250

For those paying attention...   run the numbers even for the case of 30k BTC being collected while keeping Zcash in mind the whole time...   please don't make me spell this one out for you...   Wink


Disregard comment if you're a High Roller that has the ability to end up with a significant position in Zcash.

tell ya what, why don't you spell it out. not being clear defeats the purpose of speech as communication.
legendary
Activity: 1540
Merit: 1000
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
newbie
Activity: 2
Merit: 0
I can run notary node in South Asia.
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx

For those paying attention...   run the numbers even for the case of 30k BTC being collected while keeping Zcash in mind the whole time...   please don't make me spell this one out for you...   Wink


Disregard comment if you're a High Roller that has the ability to end up with a significant position in Zcash.

Zcash is just a hype. You do know that dev has GPU code to mine fast and that we have to do it with CPU code? I call that a scam, but who am i.

sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Looking for bounties?



Another Bounty!

We are creating a couple of a few minutes long Komodo videos. For them we need to find a voice-over!

Do you have a beautiful voice and a good microphone? Send a PM and the job could be yours!

We will pay 0.1 BTC bounty for this, paid in KMD after the ICO.



Still searching

We are still looking for a native Spanish speaker who could post and maintain a Spanish Komodo thread! The bounty is 0.05 BTC.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Are you looking for more information about Komodo?

We know a lot of extremely important information gets buried in this thread, and very few takes the time to read it all. We try to compress it into the Steemit articles. However we felt that is insufficient, so...

We now have an useresponse platform on komodoplatform.useresponse.com

It's still half complete, but we are adding more info there daily.

For example, if you are looking for info about notary node election process look this question.
sr. member
Activity: 281
Merit: 250
RK Coin Services - Alt Coins Dev (ETH-BTC & More)
Please add me to the list, I have a good performance server to handle the testnet.
Also how many people will be elected as final notary node owners?
you need to join #notarynode in the supernet slack. autoinvite via slackinvite.supernet.org

The way to get added to the list is to get a testnet notary node running and get me your pubkey that you are mining with.

Max of 64 official notary node operators

Ok thank you, will join the slack channel.
legendary
Activity: 1176
Merit: 1134
Please add me to the list, I have a good performance server to handle the testnet.
Also how many people will be elected as final notary node owners?
you need to join #notarynode in the supernet slack. autoinvite via slackinvite.supernet.org

The way to get added to the list is to get a testnet notary node running and get me your pubkey that you are mining with.

Max of 64 official notary node operators
sr. member
Activity: 281
Merit: 250
RK Coin Services - Alt Coins Dev (ETH-BTC & More)
Please add me to the list, I have a good performance server to handle the testnet.
Also how many people will be elected as final notary node owners?
legendary
Activity: 1176
Merit: 1134
{
    "version" : 1000000,
    "protocolversion" : 170002,
    "walletversion" : 60000,
    "balance" : 5310.00000000,
    "blocks" : 10219,
    "timeoffset" : -46,
    "connections" : 44,
    "proxy" : "",
    "difficulty" : 1.18325498,
    "testnet" : false,
    "keypoololdest" : 1475379350,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "relayfee" : 0.00005000,
    "errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"
}

Komodo testnet has sustained 1 minute blocks for over a day now! With the 2MB block limit, that means KMD can handle 20x the number of transparent tx that bitcoin can. The zcash tx are quite a bit bigger so the number would be about 5x smaller if measured in zcash tx.

Thanks to all that are running testnet nodes. If you have any decent type of server, it will be enough for testnet purposes and you can get a head start on being elected as an official notary node for the $500/mo payment

Being up to speed on the technical side is the most important part of running a notary node. There appear to be plenty of vendors that offer cost effective hardware and bandwidth with the needed requirements of 64GB RAM and 500GB SSD, 100mbit/sec+ bandwidth
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
this son of btich serial scammer have created many useless scam coins and then abandon, this crap Komodo(KMD) is no different. this mofo can't code, he's advertising the scam pretty juicy as you can see.
what happen to supernet, jl777hodl, bitcoindark....? all down the drainage.



So we have to trust you now?
legendary
Activity: 1764
Merit: 1000
this son of btich serial scammer have created many useless scam coins and then abandon, this crap Komodo(KMD) is no different. this mofo can't code, he's advertising the scam pretty juicy as you can see.
what happen to supernet, jl777hodl, bitcoindark....? all down the drainage and so is your hard earn money.
legendary
Activity: 1176
Merit: 1134
to everybody that is sending me PM about translations, bounties, etc.

please dont.

I am not managing the ICO process, that is delegated out to the Komodo Platform team.

I am concentrating on the tech side

I will just ignore messages about such things.

Thanks for understanding.
legendary
Activity: 1176
Merit: 1134
Do i understand it right, 500 USD per month are covered for sure? For how long?
I want to calibrate the number of notary nodes based on 10 year coverage from ICO funds. As KMD price grows, the need for subsidy is reduced, at $1.25 per KMD price, all 64 notary nodes are fully paid for just from the mined KMD.

So anything over 5000 BTC raised (assuming BTC price stable) would provide this coverage, though it needs to be adjusted by the BTC transaction fees upward and by the value of KMD downward.

So I will just set the number of official notary nodes assuming 10 years of 100% subsidy. That will almost certainly be on the conservative side.

Now in about 14years or so, the block rewards will stop due to reaching maximum coin supply from the 5% APR interest. So the daily txfees will be needed to pay for the notary nodes + btc fees at that point.

Since KMD has 20x the tx capacity as BTC, assuming dPoW is adopted by other blockchains, then there should be plenty of txfees
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