Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 843. (Read 1192381 times)

Understood.

Did SuperNet invest into Zcash ICO?

SO will something show on coin release?

There is no ZEC until Oct.28th

I dont count cash settled futures markets

SuperNET holds many things, but looks like Zcash is not on the list.

http://www.supernet.org/nav.php

Tweeted!! https://twitter.com/KomodoPlatform/status/776508192637550592

Seems very interesting project. Following this project

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Does SuperNet NAV hold Zcash?

The more BTC gets invested, the higher the percent they get will be. Only after the ICO ends we can calculate how many KMD coins goes to the BTC investors and how many to BTCD investors. Likewise we can calculate the KMD/BTC and KMD/BTCD exchange rates only after the ICO.

Like James already said, we must assume all the BTCD will be swapped and reserve enough KMD tokens for them.


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Starting https://bitcointalksearch.org/topic/m.16245305 I explain various technical aspects. I submitted draft whitepaper for review already, but not sure how long it will be

very soon!!

Following this project with interest. Where I can read the whitepaper?

If to postulate infinite resources are used against anything, well, how can it have a chance?

I prefer to be realistic and trust that the technical competency of the zcash team is high enough that they wont be fooled into running contaminated compilers, which seems to be the main theory of how zcash will be compromised.

https://z.cash/blog/snark-parameters.html

http://diyhpl.us/~bryan/papers2/bitcoin/snarks/Secure%20sampling%20of%20public%20parameters%20for%20succinct%20zero%20knowledge%20proofs.pdf

There’s a kind of “cryptographic toxic waste”, which if it were to be created and exploited, would allow the attacker to counterfeit currency (although it wouldn’t allow them to violate anyone’s privacy). Our plan to prevent that uses a secure multiparty computation in which a set of well-known people each contribute, in such a way that if any one of them successfully destroys their shard, then the cryptographic toxic waste can never come into existence. We’re also working on other potential long-term defenses against risks like this.


My assessment is that the probability of zcash parameters being compromised are much smaller than ring signatures being deanonymized via brute force statistical correlations.

You need to put things in perspective. Knowing the zcash devs, I put zero probability that ALL of them are govt operatives. And it would require all of them to be cooperating. So, what is required is that all of their systems are compromised without their knowing about it. Now there are not just the average joe computer users, they are arguably the most skilled in the field and all of them will be fooled into using compromised setups?

Please, let us be realistic. Even in this horror of horrors, we end up with a situation that is similar to fiat system where new supply is created without controls. However, anybody with the resources to do this can already print money and the failure mode is not loss of privacy, but loss of control over the money supply.

So, using the logic that an uneconomic attack is not a real attack, I dont worry much about this "attack" vector. By the way, if we ignore uneconomic attacks, all of crypto is vulnerable as you can brute force every single privkey given enough resources, might take a few decades and the entire output of the silicon industry, but when costs dont matter, such details can be ignored

Also, based on the initial market price point we are seeing on bitmex, most people are not overly concerned over this. Basically anybody that is willing to use any centralized system is taking much much greater risks than this "compromise zcash" attack chances

tl:dr I trust daira will not generate params on a compromised setup

https://bitcointalk.org/index.php?topic=1342065.260

https://blog.okturtles.com/2016/09/how-to-compromise-zcash-and-take-over-the-world/

http://weuse.cash/2016/06/09/btc-xmr-zcash/

How to handle the trusted setup concern/problem?

dPoW combines consensus methods, can be a large variety as long as there is the bitcoin notarization at the end.

komodo specifically uses the same PoW as zcash does, the equihash mining. That is the first layer of consensus, but also the notary nodes can do the delegating staking.

Similar to peercoin that combines PoW and PoS, the dPoW will combine the two methods.

for right now, you can mine on komodo testnet for testnet coins using CPU

Silly question: PoW uses miners to mine. dPoW is mineable too with miners like SHA256 or Scrypt?

I have factored in bitcoin scalability issues by budgeting significantly increased txfees. So if bitcoin cant manage to increase to 2MB blocksize, then we just pay higher fees. Since komodo will then be doing the bitcoin notarization, other chains/users of dPoW via komodo wont have to worry about the bitcoin side. So komodo should actually moderate the bitcoin scaling problem.

zcash has a beta release now and the other day I made a komodo testnet based on it. Of course if zcash team decides to delay for whatever reason, I would defer to their judgement. They are one very sharp team. While this does create a bit of uncertainity as to when the mainnet can be released, it does justify the early bird bonuses.

We will assume all the BTCD will be redeemed. If after a year it isnt, it would just go into working capital

Hi all!

I have read the thread and you guys seems to have good package with Komodo and there was lot of things that I liked. Although few concerns came up to my mind. I know the whitepaper is not ready yet, but maybe somebody have info already.

- Scalability
If thinking about further, and larger adoption of Komodo usage, how it will handle the rising transaction amounts?
Is it dependent to Bitcoin scalability? Everybody knows it's going to be slow process to scale that platform up.

Dependency with zcash:
So if something goes wrong with the zcash development, and it don't get ready any time soon, it's going to delay the release of Komodo mainnet also, right? In my view, there's discussions about zcash platform and will it be the right thing to do.

Question about BTCD swap:
I understood that all of those 90% of KMD will be sold for BTC/BTCD investors, but how do you guys know how much KMD:s will be given to BTC investors, since you don't know how many BTCD owners will swap in 1 year swapping period? Or do you plan to wait 1 year and then share the percents, when we know how much to give BTC investors and how many to BTCD swappers?

The anon set for ring signatures is 3 to 10 depending on the setting, which allows a statistical correlation to be created.

zcash anon set is 2^28, which is orders of magnitude larger and makes any statistical correlation meaningless.

That is the privacy aspect.

As far as security, komodo will use bitcoin blockchain to notarize its blockhashes, so its security will be comparable to bitcoins as long as you wait for the blockhash to be notarized. I dont know the comparable hashrate of monero, but compared to > exahash of bitcoin, I doubt it comes close

I wont talk with trolls. The more you feed it... you know... Pm me if you need this dev. That ignore button works wonders

I'm reading the cryptonote white paper.  How does Komodo differ in security than say Monero?  Please help my understanding.