Komodo: Agama Mobile Wallet update, Ongoing Notary Node Elections, Marketmaker 2.0 DEX Fee 0%, Permissioned Blockchain introduction, Custom Consensus application, High activity on core protocol development
Biweekly update 27th April — 13rd May
Since our last biweekly report, Komodo Platform community has seen some sapid updates. By the way, Notary Node Elections are still continuing until 13rd May 2019. Furthermore, there are Marketmaker 2.0 update, now market makers no longer have to put down the extra deposit to start the atomic swap. They continue to receive 0% DEX fee trading. As we know, now Komodo is a permissionless platform. However, with the application layer (programmable blockchain) that Komodo’s Custom Consensus modules enable, a developer team can create a permissioned blockchain solution. The main reasons for a permissioned blockchain is to maintain authority. Fortunately, James Lee, Komodo’s Lead Developer, gave some insights about the possibilities to create some kind of RBAC (role based access control) using public keys. Permissioned blockchains can present more use-cases in the enterprise environment rather than public networks for value-exchange, and like the WordPress plugins market has grown over the last 10 years, so to will blockchain application modules — including access control layers for permissioned transactional systems & integrations. The flexibility of the Custom Consensus application layer of Komodo’s blockchain framework has open source built-in examples available by default to any blockchain created with the starter kit. These examples showcase the different strategies employed for creating solutions to business logic functions.Out-of-the-box blockchain-enforced applications include features like on-chain faucets, tokenization system, fast/trusted data feeds (oracles), Automated payments (currently in testing), etc. Moreover, Electric Capital reported that Komodo Platform was very active on core protocol development. To conclude, we are looking forward to the results of Notary Node Elections.
Development
- Activity on core protocol development
According to a recent developer report from @ElectricCapital, Komodo Platform is very active on core protocol development.
- Public Blockchains As A Service (PBaaS) By Verus
Verus is a friendly source fork of Komodo. The Verus-Komodo relationship exemplifies the spirit of open source development. Verus has taken the Komodo core and built something unique and also shared their blockchain technology upgrades for the greater good of the Komodo ecosystem.
This past week, the PBaaS testnet went through some more rigorous testing and in this time a lot of valuable feedback has been collected by Mike and the Verus team.
- Notary Node 2019 Testnet
Notary Node Elections are still ongoing until 13th May 2019.
Here, you can find out the how to vote in the Komodo election & the current leaderboard for election results.
- Marketmaker 2.0 DEX Fee 0% & Lower Deposit
With Marketmaker 1.0, the backend order-matching technology that powered BarterDEX, the trade maker would need to make a deposit equal to 112% of the trade’s value in order for the swap to work. Now, with Marketmaker 2.0, the large bobdeposit is no longer necessary! The trade-off at release is that the zero confirmation (0conf) advanced feature will not be available at release.
The general availability of the 2nd generation of the DEX network featuring marketmaker 1.0 in Nov 2017 — January 2019 was dominated by the BarterDEX GUI & the command line. The features included:
- Market takers ability to atomic swap trade with a 0.15% fee
- Market makers trading by atomic swap with no dex fee
- Zero confirmation waiting to enable fast atomic swap trading
In simple protocol terms, market makers in 2nd generation DEX (marketmaker 1.0) for their 0% dex fee trade bonus had to put down a larger deposit as security to open the trade.
WIth marketmaker 2.0, market makers no longer have to put down the extra deposit to start the atomic swap. They continue to receive 0% DEX fee trading.
- DPoW FAQs Added To Blockchain Security Service
There is a short FAQ section added to the blockchain security service page.
- Permissioned Blockchain
Komodo is a permissionless platform. However, with the application layer (programmable blockchain) that Komodo’s Custom Consensus modules enable, a developer team can create a permissioned blockchain solution.
One of the main reasons for a permissioned blockchain is to maintain authority. By employing a layer of access control throughout the applications that run on the blockchain, stakeholders can create a distributed & trustless multi-party transactional application with full auditability that is only valid, accessible & useable to users with authorized keys to sign transactions.
James Lee, Komodo’s Lead Developer, gave some insights about the possibilities to create some kind of RBAC (role based access control) using public keys in a blog entry about permissioning using Custom Consensus.
Permissioned blockchains will present more use-cases in the enterprise environment rather than public networks for value-exchange, and like the WordPress plugins market has grown over the last 10 years, so to will blockchain application modules — including access control layers for permissioned transactional systems & integrations.
- Blockchain Module Marketplace
Komodo’s team has public documentation about consensus modules and James wrote a blog entry about the marketplace concept.
- Blockchain Application Layer Flexibility
The flexibility of the Custom Consensus application layer of Komodo’s blockchain framework has open source built-in examples available by default to any blockchain created with the starter kit. These examples showcase the different strategies employed for creating solutions to business logic functions.
Out-of-the-box blockchain-enforced applications include:
- on-chain faucets
- tokenization system
- fast/trusted data feeds (oracles)
- blockchain-enforced coin gateways
- blockchain-enforced on-chain instant payments
- simple 2-player dice betting game
- blockchain-enforced heir application for dormant addresses to release funds to a benefactor
- a rewards system for locking funds (e.g. masternode application)
- Automated payments (currently in testing)
These built-in building blocks are starter-kits for dev teams to build customized applications.
Some of the features of these built-in modules are:
- A proof of work mechanism at the transaction level
- A tokenization system including fungible and non fungible token creation with a built-in token DEX for exchange of tokenized assets
- Data feed payment market creation
- Locking & unlocking of funds based on varying application-conditions
- Time based
- Access based
- Outcome based
- Blockchain based pseudo random number generation for multi-party applications
- Challenge-Response mechanism for blockchain applications
- Re-use of industry standard paradigms (e.g. hashchain) for securely creating instant value-transfer events with built-in re-org (51%) protection
- Electrum Protocol Upgrade Support In Agama Mobile Latest Release
The Agama Mobile Wallet latest release (v0.1.6) supports electrum protocol 1.4.Komodo developer & engineering teams began investigations in January with the protocol release. Electrum servers now require a client to support v1.4 at a minimum.
The Komodo development & engineering team is proud to remain at the forefront of technological upgrades and maintenance of applications that support all cryptocurrencies. Agama Mobile continues to support 200+ coins and ERC20 tokens for it’s users.
Sources: Tech Tuesday Development Update — 2019 Week 18 Public Blockchain As A Service (PBaaS) By Verus, Tech Tuesday Development Update — 2019 Week 19 Permissioned Blockchain Module Marketplace
New tutorials:
Komodo Platform’s Notary Node Elections of 2019 are Live until 13th May 2019.
- Every year, the Komodo community holds an election to choose who will operate notary nodes.
- The 28 best-performing notary node operators are automatically re-elected.
- Performance is measured according to the number of completed notarizations
- The top 7 nodes from each of the four regions are re-elected
- The other 32 positions are opened up and the community elects new operators.
- Anyone can run in the election. You don’t need to own any KMD or be on the team.
- VOTE tokens are airdropped to KMD holders at a 1:1 ratio.
- Community members simply send VOTE tokens to their preferred candidate(s).
- At the end of the voting period, the top 8 addresses with most VOTE tokens within each four regions win. Thus, in total, 32 new operators are elected.
Social encounters
There is an essay wrote by jl777 which disputes some myphes. For example, he wrote that dPow is decentralized, not centralized. Also, he wrote about dPow integration requirements that it was not hard to make changes if developers want to integrate dPow.
There is the service which provides us through securing blockchain with the power of the Bitcoin network with Komodo’s delayed Proof of Work (dPoW) technology.
- Here’s Why Blockchain Hasn’t Taken Over the World Yet — article published on Nasdaq.com by Kadan Stadelmann, Komodo Platform CTO
Upcoming events:
No updates.
Finance
KMD/BTC is decreasing, but because of the BTC/USD (+27%) growing, KMD/USD is still raising.
- New asset chain K64
- Hush Coin is switched to Hush assetchain
- KMD send coin clock out of sync check
- Transaction confirmations counter fix
- Low resolution screen scaling fixes
- Removed GBX
- Electrum protocol 1.4 support
- Add coin KIC/ERC20 toggle
- Added back TUSD token
- Pungo.app (crypto-wallet) supports KMD.
Roadmap
They do have an internal roadmap, but they have yet to make that information public. Part of the reason why they do this is that if the landscape changes, we desire to be flexible in adapting as necessary.
1H 2019
- Alpha release and testing of version 2.0 of our open atomic swap protocol — done — done
- Komodo’s innovative peer to peer orderbooks for the atomic swap network already allowed for coin markets to exist that were not based on BTC prices.
- Release of version 1.0 of Komodo’s Custom Blockchain Generator on AWS marketplace
- “Evolution” Campaign to launch new roadmap, whitepaper, and messaging
- Komodo 2.0 Technology and Rebrand Launch — done
- Annual Notary Node Elections — has begun
- Continued development of Custom Consensus Framework — has begun
- Launch of KMDCC interlinked chain to support zero-knowledge privacy, new Crypto-Conditions smart modules, and other test features and solutions.
2H 2019
- Release of Komodo’s Developer Portal to support increased participation and involvement of Komodo community
- Increased usage of AWS Marketplace to support Komodo products and services, including independent blockchains and custom consensus modules
- Release of GUI for a fully mobile-ready wallet/DEX hybrid
Partnerships and team members
No updates.
Ecosystem
There are all projects built on Komodo in one Google Spreadsheet.
- Chainzilla.io can help secure Blockchain against 51% attacks by using @KomodoPlatform’s security mechanism called #dPoW. They ask to contact them for more information!
- K64: Food for Thought, Part I
Komodore64’s team is going to attempt to pioneer themselves into a territory to make custom consensus development friendlier as it necessary for our road ahead. By creating a toolchain to speed up development and aim for a framework that will help future game developers to adopt Komodo as a blockchain solution. And they hope to document this process that in return empower other ecosystem developers to pitch in and extend.
Rumors
Reviews and news of Komodo Platform:
- How Komodo Platform Prevents Pirates from Plundering Proof-of-Work Networks
- #Komodo’s #dPoW is the market leader of protecting 3rd party blockchains
- Blockchain-based gaming leads to crypto adoption: Komodo CTO
- An IBM blockchain researcher tweeted about Komodo and compares it to what IBM is doing
Social media metrics
Because of the fact that this is the second biweekly overview, there are only three periods.
Social media dynamics:
- JL777, Komodo’s Platform Core developer and founder, has started his own blog on Medium. This is aimed for developers who want to learn more about blockchain.
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.
