You’re very welcome to Komodo’s high-tech world! It’s been four years of growth and development that Komodo has accomplished! There’s no denying that Komodo’s innovative technology continues to evolve.
With Komodo’s innovations, every project can easily customize their Smart Chain. This includes choosing between Proof of Work, Proof of Stake, or any combination of the two. The next level of composability for Smart Chains is the Antara Framework, which makes a library of built-in modules available to every Smart Chain project. The Antara module library includes tokens, a decentralized stablecoin solution, a trustless oracle module, a quantum security module, gateways, instant micropayments channels, and much more.
We’ll start by announcing the most exciting news for the community! Komodo’s Antara Framework will soon offer a decentralized stablecoin technology! This will allow developers and users in the Komodo ecosystem to create blockchain-based economic ecosystems that behave with a more user-friendly level of financial stability. The technology is still in alpha testing and development will continue throughout 2020.
In this Biweekly you’ll also find out about Komodo’s since 2017!
What’s more, you’ll get acquainted with the platform’s delayed Proof of Work (dPoW) security explained in 7 steps. It is a secondary consensus mechanism that recycles the giant hash rate of the Bitcoin network through a series of cross-chain notarizations.
Have you already heard about Komodo’s Fourth Annual Notary Node Election? Those who would like to run in the election this year must announce their candidacy in a written proposal submitted to the Notary Node repository on Github by March 16. Every year, the 30 top-performing nodes, those participated in the most notarizations, are automatically re-elected for another year in the network. This ensures continuity in the notarization process and provides an incentive for Notary Node Operators to run their node diligently. Read on for more details.
More anticipated news! You can start staking KMD on Guarda! Guarda wallet is lightweight non-custodial cryptocurrency storage. It supports the most popular coins and their tokens including BTC, ETH, BCH, BSV and many others!
Last but not least! We’re thrilled to reveal Komodo’s new tech Subatomic OTC Swaps!
Subatomic swaps, as opposed to Atomic Swaps, are a process of swapping coins with a “semi-trusted” individual. Normally if you do an OTC trade with someone one of you has to send an amount and then the other does the same, this is risky, so you reduce the amounts being sent.
Stay tuned! More news to follow!
Development
GitHub metrics:
Developer activity (from Coinlib.io):
Komodo’s new tech Subatomic OTC Swaps
Subatomic swaps, as opposed to Atomic Swaps, are a process of swapping coins with a “semi-trusted” individual. Normally if you do an OTC trade with someone one of you has to send an amount and then the other does the same, this is risky, so you reduce the amounts being sent.
If we want to swap $100 of two different coins, we could do 100 $1 swaps so that the most that is at risk at any time is $1 (ex. I send you $1 and you decide not to send me $1 of another coin) of course this means 100 TX fees on each chain, and confirmation times for each chain, which would take a long time and is a pain to do 100 TX manually. So instead we can automate the 100 txs to be done and automatically check to see if the other amount was sent. Instead of doing each part on chain, we do all the parts in a Channel CC. Which is fee-less besides deposit and withdrawals and near instant.
A Work in Progress (WIP) guide for testing
Testing the dexp2p based realtime P2P betting App
The Komodo Team reflected on all of the growth and development that Komodo has accomplished
Four years ago, on February 21, 2016, James ‘jl777’ Lee published the Blockchain Declaration of Independence. The ideas behind this open letter were far ahead of their time and eventually served as the foundational concept upon which the Komodo Platform was born.
James realized that building third-party software or applications on any single blockchain would always be a problem, regardless of which blockchain it was. The solution was to design a platform that gave every business an independent, application-specific blockchain with full autonomy. Not just a dedicated blockchain for himself, but one for everyone and anyone who wanted to use blockchain technology. This statement served as the foundational idea for Komodo. Komodo has always desired cooperation over competition and celebrates the technological advancements of all blockchain projects.
Atomic swaps have become a technology that nearly every DEX project claims to be working towards, although none but Komodo have ever released a product that allows users to make these elusive atomic swaps. In 2019, Forbes published a full-length article on atomic swaps, citing Komodo as “an atomic swap early adopter.”
The Komodo Platform: early days and now
The initial announcement of the Komodo Platform was published on the BitcoinTalk forum on September 1, 2016. The initial coin offering (ICO) began six weeks later, on October 15.
Bitcoin was the only accepted form of payment in the Komodo ICO. The ICO ended on November 20, 2016.
During the 37 days of the ICO, the price of BTC fluctuated between $628 and $756, with an average price of $691.62. KMD was sold at a rate of 7747 KMD for 1 BTC (roughly 12K satoshis per KMD). This means that investors paid, on average, $0.09 USD per KMD coin during the fundraise.
One-hundred million KMD coins were issued, with 70% of the initial KMD supply swapped to BTCD holders, 20% sold to investors, and the remaining 10% held as working capital for Komodo’s development and marketing.
Over the course of the ICO, Komodo Platform raised a total of 2,639 BTC. The closing price of BTC on November 20, 2016 was $731.03. Using that same price, we see that Komodo raised just under $2 Million, bringing in a total of $1,929,188 USD.
The important fact is that the BTC Komodo raised in the ICO is primarily used to pay the transaction fees required for the delayed Proof of Work security mechanism to function. Every ten minutes, Komodo’s Notary Node network notarizes block data from the KMD blockchain onto the BTC ledger, which requires paying a transaction fee in BTC.
Komodo’s Tech Milestones
January 2017 — The Komodo mainnet is launched, complete with independent Smart Chain deployment and delayed Proof of Work security. The KMD coins purchased in the ICO are distributed to users.
March 2017 — Komodo develops a fully functional atomic swap protocol, allowing trustless swaps of UTXO-based coins.
July 2017 — The Komodo community tests the beta of the atomic swap protocol and thousands of atomic swaps are performed.
August 2017 — The Komodo team releases a beta version of Jumblr, a tool for automated zero-knowledge proof transactions that scrambles and executes transactions of varying amounts at random intervals.
October 2017 — Atomic swaps become possible in “Lite Mode” through SPV server integration, eliminating the need for traders to download entire blockchains to make atomic swaps.
November 2017 — Komodo releases the very first GUI for atomic swaps trading, enabling users of all levels of technical proficiency to make trustless, peer-to-peer swaps.
February 2018 — Komodo holds a public stress test, with a total of 13,900 atomic swaps performed in a 48 hour period.
March 2018 — Komodo bridged the gap between Bitcoin-protocol-based coins and Ethereum-based ERC-20 tokens, providing support for 95% of coins and tokens in existence.
March 2018 — The Komodo team holds the Second Annual Notary Node Election.
May 2018 — The Utrum project holds the world’s first decentralized ICO with Komodo’s technology.
July 2018 — Komodo announces new features: the Blockchain Security Service, Multi-Chain Syncing, and Blockchain Interoperability features.
September 2018 — Komodo innovates a way to make Bitcoin-protocol blockchains capable of supporting UTXO smart contracts.
October 2018 — Komodo establishes an official educational relationship with the University of Texas at Arlington (UTA) and is honored by Dr. Sajib Datta joining the Komodo team as a Strategic Advisor.
November 2018 — Agama mobile is released in a public beta phase for both Android and iOS. Komodo also adds support for Ether and ERC tokens within the Agama wallet.
December 2018 — Komodo successfully carries out a huge ecosystem-wide update, including Sapling support and several new customizable parameters for Smart Chains.
February 2019 — Komodo announces a Technology Partnership with Coinbene, in which Coinbene officially endorses dPoW as the industry’s premiere security solution.
March 2019 — Komodo holds the third annual Notary Node Election.
March 2019 — Komodo adds Dilithium quantum security as a new module.
April 2019 — Komodo solves the oracle problem with a trustless oracle module.
June 2019 — Komodo introduces the Antara Framework, a toolkit for custom blockchain development.
July 2019 — Komodo launches the beta of AtomicDEX beta, Komodo’s third-generation decentralized exchange.
July 2019 — Komodo launches the beta version of the Antara Composer, a web application that lets users launch a Smart Chain from an easy-to-use interface.
August 2019 — Komodo innovates Adaptive Proof of Work (APoW), an improved version of Proof of Work consensus rules that is fully resistant to difficulty stranding attacks.
August 2019 — Komodo develops the new nSPV technology, a super light client technology that is hundreds of times more efficient than current SPV implementations.
October 2019 — Komodo holds the first public AtomicDEX stress test, with over 100,000 atomic swaps attempted in a four-hour timeframe.
December 2019 — Komodo upgrades the ecosystem to v0.5.0 of the Komodo code base.
February 2020 — Komodo announces a decentralized, collateralized stablecoin solution.
Composable Blockchain Solutions
Komodo was the first blockchain platform built with a multi-chain design. Over the years, other projects, like Cosmos Network and Polkadot, recognized the advantages of a multi-chain design and have built similar platforms that offer application-specific blockchains to third-party business. The Komodo team is pleased to see this adoption of the multi-chain platform architecture that James Lee and the Komodo team pioneered.
Now, Komodo offers composable Smart Chains that can be customized and independently launched in a matter of minutes
With Komodo’s technology, every project can easily customize their Smart Chain. This includes choosing between Proof of Work, Proof of Stake, or any combination of the two. If a business chooses Proof of Work, they even have a choice of hashing algorithm — they can choose between five different variations of the Equihash algorithm or they can choose the VerusHash algorithm.
There are additional options, as well, such as setting the Smart Chain’s premine coin supply, block time, block rewards, frequency and magnitude of reductions in block rewards, privacy settings, and much more. This level of customization is not available on other multi-chain platforms.
The next level of composability for Smart Chains is the Antara Framework, which makes a library of built-in modules available to every Smart Chain project. The Antara module library includes tokens, a decentralized stablecoin solution, a trustless oracle module, a quantum security module, gateways, instant micropayments channels, and much more. All a business needs to do is activate the modules they want to use and leave the others inactive.
Why is multi-chain architecture so important for today’s blockchain technology? You’ll find the answer if you follow the link below. Moreover, you’ll find out more info about the blockchain industry in early 2014.
A Look Back at jl777’s Blockchain Declaration of Independence, 4 Years On
How Komodo is different from Ethereum?
Komodo’s Technical Marketing Manager, Torsten Sándor, has created a video about the differences in the architecture of the 2 platforms: Komodo and Ethereum. He explains it using a very a simple analogy, highlighting the fact that Komodo is multi-chain whereas Ethereum is single-chain. Projects on Komodo’s platform are built on their own chains. Komodo doesn’t need gas, this means you don’t have to pay fees to use the Platform.
Visit Komodo’s new Community Portal to watch the whole video! Follow the link here
Those who haven’t checked out Komodo’s 2019 Annual Report, summarizing all of the milestones and progress made throughout the year, please read a brief recap of last year’s major developments here.
Finance
Source: DexStats
Delayed Proof of Work
Komodo’s delayed Proof of Work (dPoW) security is a secondary consensus mechanism that recycles the giant hash rate of the Bitcoin network through a series of cross-chain notarizations.
A Second-Layer Consensus Mechanism
Delayed Proof of Work (dPoW) does not act as a blockchain’s primary consensus mechanism. Every dPoW-protected blockchain’s decentralized network still validates each transaction.
Cross-Chain Notarizations
dPoW security protects every integrated blockchain with the power of the Bitcoin network. A series of cross-chain notarizations make leveraging Bitcoin’s hash rate possible.
These cross-chain notarizations are carried out by Komodo’s Notary Node network. Notary Nodes are dedicated servers that perform notarization transactions for the Komodo ecosystem.
dPoW is a second-layer mechanism that provides an extremely high level of security in addition to a blockchain’s normal consensus rules. It is available to both PoW and PoS blockchains.
dPoW Security in 7 Steps
The dPoW process is rather straightforward. While it provides an incredibly high level of security, dPoW is an elegant and simple security solution that can be explained in 7 steps.
1. Choosing a block to notarize
The Notary Node propose a particular block to notarize from a dPoW-protected blockchain onto the KMD chain.
That dPoW-protected chain’s network then comes to consensus on the fact that the block is valid and ready for notarization.
2. Choosing which Notary Nodes will notarize
Next, the Notary Nodes must come to consensus on which nodes will participate in the notarization.
Each notarization transaction is 13-of-64 multi-signature transaction, with the 13 signature- transaction, with the 13 signature-providing nodes chosen randomly before each notarization transaction.
3. Notarizing to the KMD Blockchain
Once the notary Node network has reached consensus on which 13 nodes will participate in the notarization, they make a transaction on the KMD blockchain.
Using the OP_RETURN command, this notarization transaction saves the block hash of the block choses in Step 1 onto the KMD ledger.
4. Notarizing to the BTC Blockchain
Now, the Komodo network comes to consensus on which block will be notarized to the Bitcoin blockchain.
Using the same procedure as Step 3, the Notary Nodes execute a transaction on the Bitcoin chain, thus saving a KMD block hash onto the BTC ledger.
5. Back Notarization to KMD Network
After the Bitcoin network has confirmed the notarization transaction in step 4, the Notary Nodes broadcast the info to the KMD network.
This provides complete immutability to the notarized block and all blocks that preceded it. The network will not accept a re-org that moves or alters a notarized block.
6. Back notarization to each dPoW protected chain
The Notary Nodes also announce to the networks of each dPoW-protected chain that a notarization has been completed.
Just as in Step5, once a dPoW-protected chain’s network learns that the block has been notarized, that block and all blocks that came before it become immutable.
7. Repeat the entire dPoW process
Komodo’s Notary Node network repeats the entire dPoW roughly every ten minutes. This provides BTC-level security around the clock to all dPoW-protected blockchains.
Even if an attacker gains control of a network, they cannot re-organize any blocks that have been notarized. Since notarizations occur every 10 minutes, 51% attacks are both infeasible and unprofitable.
Komodo’s Fourth Annual Notary Node Election
Those who would like to run in the 2020 Notary Node Election must announce their candidacy by March 16, 2020. All candidates must announce their candidacy in a written proposal submitted to the Notary Node repository on Github.
Important dates for Season 4:
- KMD snapshot: March 13th, 2020
- Autoelection announcement: March 15th — cutoff time: March 15th 2020, 12pm UTC
- Proposal deadline: March 16th 2020, 12pm UTC
- Vote2020 airdrop: March 16th, 2020
- Season 4 Election start: March 16th 2020, 12pm UTC
- Season 4 Election end: April 6th 2020, 12pm UTC
- Public Komodo update announcement: April 13th, 2020
- dPoW season 4 start: May 31st, 2020
Every year, the Komodo community elects a new cohort of Notary Node operators. The first Notary Node Election was in January 2017 and the previous annual Notary Node Election took place in April 2019.
Notary Nodes perform cross-chain notarizations to provide security, scaling, and interoperability features. Cross-chain notarizations are transactions that store a small piece of crucial blockchain data from one blockchain on the ledger of different blockchain.
Notarizations are required for Delayed Proof of Work (dPoW) security, which recycles the hash rate of the Bitcoin network to secure third-party blockchains, as well as Platform Synchronizations, a technology that makes scaling and interoperability features available to all Smart Chain projects.
A total of 30 Notary Node Operator positions will be chosen in the upcoming election. With so many positions available in the Notary Node network, the Komodo team would like to encourage everyone who is interested to run.
Cross-Chain Notarizations Explained
The Komodo Notary Node network performs dozens of notarization transactions every hour, including one notarization transaction on the Bitcoin blockchain approximately every ten minutes. The remainder of these notarization transactions are on the Komodo blockchain.
Komodo’s Notary Nodes take block hashes write them onto different blockchains with notarization transactions. For the most part, Notary Nodes write block hashes from third-party Smart Chains onto the KMD ledger. There are also approximately 6 notarization transactions per hour that notarize a KMD block hash onto the Bitcoin ledger.
The Limitations Of Notary Node Capabilities
- Notary Nodes are not masternodes.
- Notary Nodes cannot withhold or censor transactions or blocks for any blockchain.
- Notary Nodes cannot mine blocks with an easy difficulty on any chain except KMD.
- Notary Nodes cannot determine the validity of a block; a blockchain’s decentralized network must reach consensus before a block hash is eligible for notarization.
Notary Nodes simply take publicly-available and network-approved data that already exists on-chain — a block hash — and save it onto the ledger of a different blockchain. This is accomplished by performing a transaction, which any ordinary user could do manually if they wish.
While the notarization process is critical to the security, blockchain interoperability, and scalability of the Komodo ecosystem, Notary Nodes don’t have any special powers over any blockchain. It is simply a decentralized mechanism for cross-chain notarizations.
The Governance of the Notary Node Network
There are a total of 64 nodes in Komodo’s Notary Node network. The nodes are evenly spread across four geographic regions: Europe (EU), Asia-Russia (AR), North America (NA), and the Southern Hemisphere (SH). Each region contains at least 15 nodes, boosting the physical distribution and security of the network.
Every year, the 30 top-performing nodes — meaning those that participated in the most notarizations — are automatically re-elected for another year in the network. This ensures continuity in the notarization process and provides an incentive for Notary Node Operators to run their node diligently.
The 30 lowest-performing Notary Nodes lose their position. Of course, they may run for election again, if they so choose. But they must receive enough votes from the Komodo community in order to reclaim their role.
The remaining 4 nodes in the network are maintained by Komodo team members for research and debugging operations, which include the usage of custom and experimental code.
Those running for election must declare in which region they intend to operate their Notary Node. If anyone is discovered to be running a node in a region other than the one for which they were elected, this operator will be immediately disqualified and that Notary Node position will be assigned to the next candidate in the election result list. This keeps things fair, as different geographic locations offer Internet connections at varying costs and speeds.
Incentives For Notary Node Operators
Komodo’s globally distributed network of 64 Notary Nodes carry out notarization transactions every ten minutes, every hour of every day, 365 days a year. In exchange for performing these duties, Notary Node Operators are rewarded with the ability to mine one block with an easy difficulty level roughly every 90 minutes.
This allows Notary Nodes to easily earn block rewards as compensation. Diligent Notary Node Operators — meaning those that ensure their node has no or very little down time — can mine 16 or 17 blocks per day. At present, KMD block rewards are 3 KMD per block, so this adds up to about 50 KMD per day, or around 1500 KMD per month per Notary Node.
The Voting Process
The Komodo Notary Node Elections are stake weighted, meaning that those who hold more KMD have more voting power in the election. The process works as follows.
A special voting token will be airdropped to KMD holders at a 1:1 ratio. If you have 1000 KMD, you will receive 1000 voting tokens. The current supply of KMD is around 120 Million, so roughly 120 Million voting tokens will be airdropped to the Komodo community.
It’s important to note that you must hold your private keys in order to receive these tokens. If you hold your KMD on a centralized exchange, then you do not hold your private keys and you will not receive any tokens. If you’re a KMD holder and you wish to participate in the election, now is time to withdraw your coins into a private wallet.
All candidates will publicly post an address in which they can receive voting tokens. Once you’ve received them, you may cast your ballot by sending them to the candidate(s) of your choice. The only rule for voting is that the sale of voting tokens is strictly prohibited. Anyone caught buying or selling them will be disqualified from participating in the election. Apart from that, community members may vote for any candidates in any region.
How To Run For A Notary Node Operator Position
Anyone with the required hardware and knowledge can run in the Notary Node Election. Candidates don’t need to own a single KMD coin to become a Notary Node Operator. In fact, candidates don’t need to be a current member of the Komodo community or know anything at all about the inner workings of Komodo’s technology.
The only requirements are technical in nature. Candidates must own or have access to two computers that meet the following requirements:
- OS: Linux is mandatory. Ubuntu 18.x or Debian 10.x recommended.
- CPU: A High-Performance CPU, e.g. Xeon, i7/i9, Ryzen, EPYC, etc.
- RAM: 64GB or more
- Disk: 1TB SSD or greater
- Bandwidth: 100Mbps or higher
In order to run in the Notary Node Election, candidates must submit a written proposal to the Notary Node repository on Github. Proposals can contain, among other things, a brief bio, motivations for running in the election, and planned contributions to the Komodo ecosystem.
At a minimum, a candidate’s proposal must state which region they are running in and post an address to which KMD community members can send voting tokens. Candidates may choose to run for one seat in one of the four regions. That means that, at most, an individual candidate can seek 1 Notary Node position in their first election participation.
In general, the Komodo community elects Notary Node Operators who are committed to the development of the ecosystem. If your primary motivation is personal financial gain, you may find it difficult to garner support.
For more information about running in the election, please see this guide to setting up a Notary Node. You’re also encouraged to read the Notary Node Bible, which contains more information about the duties and responsibilities of a Notary Node Operator.
If you’re interested in becoming a candidate in the Notary Node Election, please join Komodo’s Community Portal to connect with the team and other community members.
Please, go to Komodo Github for the more detailed info
Komodo’s Antara Framework Will Soon Offer A Decentralized Stablecoin Solution
The Antara Framework will soon offer a stablecoin technology, allowing developers and users in the Komodo ecosystem to create blockchain-based economic ecosystems that behave with a more user-friendly level of financial stability. The technology is still in alpha testing and development will continue throughout 2020.
The new stablecoin solution will allow the value of a blockchain-based asset to be pegged to not just any government-issued currency, but also to any real-world asset, such as a currency, stock, commodity, or precious metal. In addition, stablecoins created within the Komodo ecosystem are backed by cryptocurrency collateral and issued by a blockchain, without any third-parties or intermediaries facilitating the deal. Each business that builds a stablecoin solution with the Antara Framework can choose exactly which digital currencies they would like to accept as collateral.
The Prices and Pegs Antara Modules
These two modules take advantage of several other Komodo Antara Modules, including Oracles, Gateways, and Tokens. Together, the modules allow for users and entrepreneurs to work together to maintain a blockchain-based stablecoin.
The Prices Module
It serves the primary function of watching the price of an external asset and providing this data to a Smart Chain for blockchain-based enforcement.
The Prices Module is able to connect to several online application programming interfaces (APIs). The module can request and record data about current exchange rates associated with these APIs’ resources, then transform that data into meta-data that is housed on a Komodo Smart Chain. This allows other Antara Modules, such as Pegs, to enforce blockchain activity based on the meta-data.
The Prices Module relies on the Oracles Module for some of this functionality, as the Oracles Module is responsible for viewing data in the real world and transferring this data into a blockchain format (hence the mythological name, “oracle”).
The Pegs Module
With the Prices Module providing data, the Pegs Module is able to manage and enforce the rate of exchange between any Bitcoin-protocol based cryptocurrency and a stablecoin that is housed on a Komodo Smart Chain. Pegs allows users of a Smart Chain to transfer the value of a cryptocurrency such as Bitcoin itself, or Komodo’s own KMD, into a stablecoin that is governed by the Smart Chain’s decentralized network.
The key aspect of Pegs is that it is able to manage a collateralized debt/loan system. Users can lock funds to the Pegs Module, and the Pegs Module allows them to withdraw stablecoins, which they can then exchange for other digital assets.
The Pegs Module relies on the Oracles, Gateway, Tokens, and Prices Modules to make stablecoin features available.
Two Types of Users in a Pegs Stablecoin Ecosystem
The first are those who provide collateral in the form of a digital currency, which is then locked, and mint the stablecoin in the form of a decentralized loan.
The second type of users are those who do not lock their funds into collateralized loans, but utilize the stablecoin through ordinary trades and swaps.
The Pegs and Prices modules are currently in alpha testing. Developers are encouraged to use these modules for testing purposes only until the stablecoin solution is fully launched.
- Some Users Provide Seed Funds, Which Form Collateralized Loans
- Other Users Can Simply Use the Stablecoin With No Initial Deposit
- Depositing Users May Withdraw in Stablecoin Coins up to 90% of Their Deposit Value
- When the Price Fluctuation is Small, Outstanding Debt Can Be Sold at Cost to Other Users on the Network
- A User Account that Reaches a 95% Debt Level Can Be Liquidated for an Immediate Profit
- Any Funds Leftover After Liquidation are Contributed to the Pegs Module for Price Management
- Users Have Means to Avoid Liquidation
- Users Who Wish to Use the Stablecoin Without Creating a Collateralized Loan
- The Normal User Can Avoid Volatility
- Users on the Decentralized Network Can Seed the Network with Funds
For more information about the Pegs and Prices Antara Modules, a full walkthrough tutorial for setting up a new peg can be found here, and a walkthrough tutorial demonstrating module usage can be found here. Technical documentation for the Prices Module is coming soon.
Social encounters
7 great projects, KOMODO, SKYCOIN, HOLOCHAIN, BITTUBE, ATOMICDEX, PIRATECHAIN and 3SPEAK, met in one video to discuss the topic of decentralisation and how each project fulfils on that goal. Komodo was represented by Business Developer Jason Brown.
Follow the link to watch the video
Komodo Developer Hangout: AtomicDEX GUI Progress
On Sunday, Feb 16, several members of the Komodo Dev Team held a livestream for developers that covered updates on the AtomicDEX end-user products. The stream will discuss the general architecture and design of AtomicDEX, the incredible level of security it offers, and the progress that’s being made on the Desktop GUI.
Roadmap
See Komodo’s technical roadmap here
There are 3 primary areas of focus for the Komodo Team in 2020: Komodo Core, Antara Framework, and AtomicDEX.
Partnerships and team members
Komodo Staking in Guarda Wallet
Guarda wallet is lightweight non-custodial cryptocurrency storage. It supports the most popular coins and their tokens including BTC, BCH, BSV, ETH, Ethereum-based tokens, ETC, Zcash, Ripple, NEO, EOS, DASH and more.
How to start staking KMD on Guarda?
First of all, you need to have a Guarda Wallet. If you do not have the wallet yet, visit our website or download the application for your phone.
After creating, importing or accessing your Guarda Komodo Wallet, make sure that you have the said 10 KMD in your account. Sure, you can just add funds by buying KMD with your bank card or another cryptocurrency right inside the application via our built-in exchange service.
Once you have everything ready for work, you need to choose the “LockTime” option and send your coins to another account and back (do not worry, this is just to get the information associated with them). As one hour passes from the time your coins have returned, you will see the “You have to claim” line — it means that your rewards have started accumulating. Congratulations! You will have your passive income in crypto now!
After a month, the reward will stop occurring until you claim your KMD coins.
How to claim Komodo in Guarda Wallet. A tutorial made by Guarda Wallet team.
Don’t miss a splendid opportunity to become a member of Komodo’s progressive team!
Follow updates on the official site of the Komodo Platform
Ecosystem
- Hush is an implementation of the Zcash protocol with custom additions, offering a high standard of privacy preserving confidentiality of transaction metadata.
- Hush Messenger and HushList are state of the art private communications leveraging zkSNARKS technology.
- Using dPoW (delayed Proof of Work), making blockchains much more secure and attack resistant at 51%.
- Hush is often one of the most profitable EquiHash coins to mine. Mining is possible with GPU and ASICs. For help, join us on the ‘Mining’ channel of our Discord or connect to a pool.
- Verus uses VerusHash 2.1, a new cryptographic hash algorithm allowing mining with x64 CPUs while equalizing GPUs and offering a credible ASIC solution.
- With provable 51% hash attack immunity, Verus’ 50% proof of work/50% proof of stake consensus algorithm provides unprecedented blockchain security.
- Verus leverages zk-SNARK zero-knowledge proofs in a modified Zcash Sapling fork for optional private addresses that are completely opaque to the outside world.
PirateChain (ARRR) is a 100% private send cryptocurrency. It uses a privacy protocol that cannot be compromised by other users activity on the network. Most privacy coins are riddled with holes created by optional privacy. PirateChain uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions.
KMDLabs finds its origins in the testing conducted on the PoS64 staking algorithm created by jl777 for staking on KMD assetchains.
This algorithm was tested and improved by jl777 and the members of this PoS64 test group. From these experiments the need for a state of the art, dedicated testing platform became very clear.
Testing expanded its scope and STAKED was born. STAKED furthered its experience with incentivized testing while developing and refining the STAKED software over various cluster networks through its seven iterations.
Pungo offers an open source blockchain wallet along with a whole set of modules & services attached to it which give users a complete blockchain experience.
Utrum is a decentralized platform providing reputation-based and quality-curated Crypto Reviews, Insights, and Market Predictions for cryptocurrency investors and newbies.
Utrum brings together the best of both traditional business and agile crypto models, forming a platform which operates as “Freemium.” It is a revolutionary approach in which the platforms shares revenue with the user community. Utrum’s $OOT is the utility token powering this community.
The Einsteinium Foundation’s mission is utilize blockchain technology to generate funds for scientific research.
There are two ways this is accomplished. The first is through a mining tax which creates a pool of funds providing grants to deserving applicants. The second is maintaining a currency which allows for a more transparent and trustful way to support causes. Einsteinium coin is designed to reduce waste and eradicate corruption where it is needed most: charity and politics.
The Einsteinium blockchain is secured by Komodo’s Delayed Proof-of-Work security service.
GameCredits (GAME) is a digital currency based on blockchain. Its purpose is to become a universal currency for 2.6 billion gamers worldwide, to empower both large and small game developers in order to further propel the 100 billion dollar gaming industry, and to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to government-issued fiats.
GameCredits is secured by Komodo’s Delayed Proof-of-Work security service.
Rumors
Social media metrics
Social media activity:
The graph above shows the dynamics of changes in the number of Komodo Reddit subscribers, Twitter followers, and Facebook likes. The information is taken from Coingecko.com.
This is not financial advice.
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