An another Bounty!
We are looking for someone to post and maintain the Spanish Komodo thread! We will pay 0.05 BTC bounty. The bounty will be paid in KMD after the ICO, as usual.
If interested send a PM!
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 833. (Read 1192381 times)
September 30, 2016, 03:50:04 AM
September 30, 2016, 03:27:41 AM
Time for a simpleton question; what advantages does this have over Zcash (I know its using Zcash)? How does this benefit the user?
Privacy wise they are the same. However with Komodo we also have the dPoW functionality and it will possibly integrate to the other SuperNET services. For example Iguana technology needs BTCD, but in the future it will be Komodo. Thus SuperNET will create some demand for the currency. SuperNET needs a good privacy technology.
In any case, we don't see ourselves competing with Zcash. We are both open source projects, and every project should have a way to increase its privacy. Let's hope there are many more use cases for Zcash technology!
Here's what jl777 sad about this earlier:
I want to address the issue of "competition with zcash"
There is none.
open source projects are open source in the hopes that other projects utilize it, build on it, maybe even grant back improvements. That is exactly what komodo is doing. Utilizing zcash, building on it and we will of course gladly give back any and all improvements zcash team deems worthy. They are not going to be doing GUI for a while, so maybe we can contribute a dual ZEC/KMD GUI. And if they want to, they can even just strip out the KMD part of the GUI, but they dont strike me as that type.
I have also extended an offer for the 5% staking revenues from the zkp protected funds as there is no way to calculate anything but the aggregate amount in protected form. So this interest can either just extend the coin emission, or it can be donated to the zcash team. So far no interest in this from them. Probably since they are well funded and will be making a ton of money with the ZEC, which I expect to be a game changer in crypto.
The history of zcash starts with zerocoin that Dr. Matt Green wanted to have bitcoin adopt. Well, that didnt get very far... So there is now a zcash company that is creating a bitcoin compatible + zcash combo. Are they doing it with a profit motive? It doesnt look like it to me, they want the zkp tech to be disseminated far and wide. And they are only making money if ZEC becomes worth a lot. Money is nice and pays the bills, but that does not appear to be the primary motivation.
Being adopted by major projects is exactly what creates the big value to the original fork. And being adopted by major projects disseminates the zkp tech far and wide. After komodo's example, my guess is that there will be many other zcash forks so komodo will just be the first of many.
There is none.
open source projects are open source in the hopes that other projects utilize it, build on it, maybe even grant back improvements. That is exactly what komodo is doing. Utilizing zcash, building on it and we will of course gladly give back any and all improvements zcash team deems worthy. They are not going to be doing GUI for a while, so maybe we can contribute a dual ZEC/KMD GUI. And if they want to, they can even just strip out the KMD part of the GUI, but they dont strike me as that type.
I have also extended an offer for the 5% staking revenues from the zkp protected funds as there is no way to calculate anything but the aggregate amount in protected form. So this interest can either just extend the coin emission, or it can be donated to the zcash team. So far no interest in this from them. Probably since they are well funded and will be making a ton of money with the ZEC, which I expect to be a game changer in crypto.
The history of zcash starts with zerocoin that Dr. Matt Green wanted to have bitcoin adopt. Well, that didnt get very far... So there is now a zcash company that is creating a bitcoin compatible + zcash combo. Are they doing it with a profit motive? It doesnt look like it to me, they want the zkp tech to be disseminated far and wide. And they are only making money if ZEC becomes worth a lot. Money is nice and pays the bills, but that does not appear to be the primary motivation.
Being adopted by major projects is exactly what creates the big value to the original fork. And being adopted by major projects disseminates the zkp tech far and wide. After komodo's example, my guess is that there will be many other zcash forks so komodo will just be the first of many.
September 30, 2016, 02:00:23 AM
Time for a simpleton question; what advantages does this have over Zcash (I know its using Zcash)? How does this benefit the user?
September 29, 2016, 05:24:29 PM
A New Bounty!
Komodo needs a Reddit page! We need someone to make it pretty with CSS.
The bounty will be 0.25 BTC, paid after the ICO in KMD.
Interested? Send a PM!
EDIT: bounty taken
Komodo needs a Reddit page! We need someone to make it pretty with CSS.
The bounty will be 0.25 BTC, paid after the ICO in KMD.
Interested? Send a PM!
EDIT: bounty taken
September 29, 2016, 05:04:48 PM
Like PondSea said, the information in the GUI is just some random characters. No real BTC transaction took place.
Iguana is not Komodo.
Iguana is a multiwallet where you can store and send multible different cryptocurrencies, like BTC and KMD.
If you send BTC from your Iguana client it will be send out just like it would from any other bitcoin wallet! Likewise with all the other supported cryptocurrencies.
I hope this answered your guestion.
Best regards
September 29, 2016, 05:02:35 PM
MISSION THUNDERCLAP
We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!
Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!
> Thunderclap dPoW Campaign <
Let's make blockchains more secure!
Best regards,
Komodo Team
Awesome.
Thanks you!We are still looking for two volunteers to post our Chinese and Spanish translations! Anyone interested?
September 29, 2016, 05:01:22 PM
Like PondSea said, the information in the GUI is just some random characters. No real BTC transaction took place.
September 29, 2016, 04:52:59 PM
MISSION THUNDERCLAP
We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!
Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!
> Thunderclap dPoW Campaign <
Let's make blockchains more secure!
Best regards,
Komodo Team
September 29, 2016, 04:04:02 PM
Komodo announces MISSION THUNDERCLAP!
September 29, 2016, 04:01:46 PM
Must buying btcd to invest in komodo.
I've sold my BTCD
No you do not need btcd to invest into the komodo ICO but it is better to do so currently.
If you sold your btcd, you have just sold something worth 0.0053 for 0.004 so congrats on that.
That's not entirely true though. It depends on the amount of Bitcoin raised and the time the bitcoin is raised (as bonus % counts into the equation).
The valuation of the btcd swapped to iguana is 0.0053 btc (this is without the additional average btc bonus bonus
). Even if there is 0 btc invested then the price of komodo should go up due to the new tech involved and when the zcash hype gets started.But i suspect that we may get more than a few btc to justify the valuation.
September 29, 2016, 03:51:57 PM
MISSION THUNDERCLAP
We will publish the dPoW white paper on October 5th! That is just 6 days from now. We will start it with a BANG, but we need everyone's help!
Join in the campaign and spread the news on Oct. 5th. Just follow the link to our thunderclap campaign page and join with your Twitter or Facebook account!
> Thunderclap dPoW Campaign <
Let's make blockchains more secure!
Best regards,
Komodo Team
September 29, 2016, 03:32:01 PM
I am truly excited at the liquidity provider tech that is being worked on. This just might be the killer app that crypto was missing. ( instantdex being part of this)
If the little guy can make some extra coin by providing this service then I see great things coming down the line.
I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.
And, good job team
I just submitted the rawdraft for the easyDEX whitepaper, not to be confused with the dPoW whitepaper.If the little guy can make some extra coin by providing this service then I see great things coming down the line.
I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.
And, good job team
Looks like we will have at least two whitepapers, but dont ask me about the timing
September 29, 2016, 02:28:44 PM
I am truly excited at the liquidity provider tech that is being worked on. This just might be the killer app that crypto was missing. ( instantdex being part of this)
If the little guy can make some extra coin by providing this service then I see great things coming down the line.
I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.
And, good job team
If the little guy can make some extra coin by providing this service then I see great things coming down the line.
I encourage the team to make joining the liquidity provider army as easy as possible with as many dumbed down videos, documentation, examples, and other marketing as possible.
And, good job team
September 29, 2016, 02:14:11 PM
What is BTCD ?
BTCD is BitcoinDark. Komodo is a product of the BitcoinDark team, essentially with the same vision, thus it really is a BTCD 2.0.
The difference between them is that Komodo will use the best privacy technology (Zcash) and it will also have the dPoW. The old vision to achieve privacy for BTCD was a good one, but Zcash proved to be even better.
The BTCD can be swapped for Komodo coin after the ICO has ended.
September 29, 2016, 01:10:38 PM
What is BTCD ?
September 29, 2016, 08:57:05 AM
@jl777: daring thing to clone zcash. I have a few questions:
First, how proficient are you with zero-knowledge proofs?
Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?
komodo will use the same parameters as zcash. The dPoW is independent from all the zcash zero-knowledge proofs and parameters. First, how proficient are you with zero-knowledge proofs?
Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?
September 29, 2016, 07:54:31 AM
@jl777: daring thing to clone zcash. I have a few questions:
First, how proficient are you with zero-knowledge proofs?
Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?
First, how proficient are you with zero-knowledge proofs?
Second and most importantly, how do you plan to manage the trusted setup? This will require highly regarded and trusted people with spotless reputation and proven ethics and principles, and these people will have to meet somewhere so that they can authenticate each other an make sure that the trusted setup process is scrupulously respected by everyone. As far as I know, you have chosen to remain anonymous. so unless you decide to reveal your identity, you won't even be qualified to attend yourself the trusted setup
"ceremony". So who will? Who have you lined up? I'm expecting impressive names here, the kind of highly regarded folks with a track record of acting in the common interest and being dedicated to furthering mankind. Have you got Satoshiware lined up just like zcash does? Or are you going to simply fork from zcash **after genesis** so that you can reuse their trusted setup?
September 29, 2016, 07:15:53 AM
Must buying btcd to invest in komodo.
I've sold my BTCD
No you do not need btcd to invest into the komodo ICO but it is better to do so currently.
If you sold your btcd, you have just sold something worth 0.0053 for 0.004 so congrats on that.
That's not entirely true though. It depends on the amount of Bitcoin raised and the time the bitcoin is raised (as bonus % counts into the equation).
September 29, 2016, 05:30:48 AM
I've sold my BTCD
Why you have not contact me!! WTB 11 BTC worth of BTCD at market rate!!
September 29, 2016, 05:16:49 AM
And the final transaction, which is alice claiming the deposit. this is not an expected occurance as the protocol both sides run will have spent the deposit before the CLTV tx can be confirmed, but it is possible for the side making the deposit to disconnect and not reclaim the deposit. In this unlikely case, the payment to the 2of2 multisig is in limbo until the deposit side spends it.
bobdeposit: txid af6521b99f56423bec946186b082f859b84bb0633c801dc416b8719cb386dc4d
010000000151eb900538fdf46a978a1dd2d02ef86febd8eda959278e36d2fb8afd9207b5ef01000 0006a473044022011c3124d37dbe6fdad78b7994683741cc40f41624a6c48c0e660972dcc897af2 022035e896697cc50141d1af08806d680c21fc2e393b1dcfd23bfefc60abe312ad4e012103b7621 b44118017a16043f19b30cc8a4cfe068ac4e42417bae16ba460c80f3828ffffffff01b15c000000 00000017a914f8b3f11ae2a8910398e3979e755288774a635b19878dceec57

Alice claim of deposit: 6f4cfda3d321e06992d9fdc7350b6d77eedb8321f1e9cad573ad4ec0f5926eae
01000000014ddc86b39c71b816c41d803c63b04bb859f882b0866194ec3b42569fb92165af00000 000b34830450221009411c26dcc047cd3e48511f75cbb385ceca1c2ace8c3b41d8c82fdb00ddbec 75022035fd1bd36b7974214783a0960632f8001dcf2d252fa89ab49ff108f300c4a5c801514c676 3048dceec57b1752102744c1dff0591d173b5d074c7e55084a1a03153c8cecfca0ed0fbc6979827 ec34ac67a9145cff11112071bc2f42a4d8b5017e1c7c2509c03c88210327b7810676e8ef2c5971b b5c2e5dfc13a2b32100c40f088c418b14dd069bafc8ac680000000001a1350000000000001976a9 14b7128d2ee837cf03e30a2c0e3e0181f7b9669bb688ac8eceec57
Now all the transactions that are required to protect both sides capital have been automatically created and verified to be properly signed and spendable. Getting all this code to work, especially the custom conditional p2sh signature, has been quite a chore, but finally it is done!
The side effect of long term (one week) testing of the notary pubkey messaging means I have a solid base to build the dPoW messaging on top.
bobdeposit: txid af6521b99f56423bec946186b082f859b84bb0633c801dc416b8719cb386dc4d
010000000151eb900538fdf46a978a1dd2d02ef86febd8eda959278e36d2fb8afd9207b5ef01000 0006a473044022011c3124d37dbe6fdad78b7994683741cc40f41624a6c48c0e660972dcc897af2 022035e896697cc50141d1af08806d680c21fc2e393b1dcfd23bfefc60abe312ad4e012103b7621 b44118017a16043f19b30cc8a4cfe068ac4e42417bae16ba460c80f3828ffffffff01b15c000000 00000017a914f8b3f11ae2a8910398e3979e755288774a635b19878dceec57

Alice claim of deposit: 6f4cfda3d321e06992d9fdc7350b6d77eedb8321f1e9cad573ad4ec0f5926eae
01000000014ddc86b39c71b816c41d803c63b04bb859f882b0866194ec3b42569fb92165af00000 000b34830450221009411c26dcc047cd3e48511f75cbb385ceca1c2ace8c3b41d8c82fdb00ddbec 75022035fd1bd36b7974214783a0960632f8001dcf2d252fa89ab49ff108f300c4a5c801514c676 3048dceec57b1752102744c1dff0591d173b5d074c7e55084a1a03153c8cecfca0ed0fbc6979827 ec34ac67a9145cff11112071bc2f42a4d8b5017e1c7c2509c03c88210327b7810676e8ef2c5971b b5c2e5dfc13a2b32100c40f088c418b14dd069bafc8ac680000000001a1350000000000001976a9 14b7128d2ee837cf03e30a2c0e3e0181f7b9669bb688ac8eceec57
Now all the transactions that are required to protect both sides capital have been automatically created and verified to be properly signed and spendable. Getting all this code to work, especially the custom conditional p2sh signature, has been quite a chore, but finally it is done!
The side effect of long term (one week) testing of the notary pubkey messaging means I have a solid base to build the dPoW messaging on top.
Jump to: