KMD appreciation thread

[Anonymous No.12178482]

>BTC cannot support smart contracts as a result of transactions being executed by Bitcoin Script, a non-Turing complete language

That, in a sentence, is why Ethereum made so many millionaires and continues to hold the number 2 spot despite the fact that a few autists collecting fluffy meow-meows manages to utter BTFO the entire platform. ETH supports smart contracts and has benefited immeasurably from first mover advantage. While Vitalik and his friendly ghost are sharting themselves (or whatever he's decided is going to prolong ETH's life this week), KMD has a simple solution to smart contracts that is superior to ETH in three words and a hyphen

>ON-CHAIN SCALING

(Glossary- The komodo term for smart contracts is "crypto conditions")

Because KMD projects each have their own blockchain, there is no question of network congestion with more adoption. Fees are low, and fast transaction times are possible (but not a given as the project can set its own block time). This tech is being proven right now, look at for example KMD dice - a crypto conditions gambling dice game that has recently hit 1M transactions. And because it has its own chain, the transactions on the KMD dice chain had no impact on any other Komodo chain.

>choose projects doing things over projects saying they are going to do things

Peace homies

[Anonymous No.12178597]

>>12178482
"Oh yeah OP, OP here samefagging to bump his own thread, I have no idea how to tell a good investment from Bazingacoin (lol who remembers that shilling campaign) so I'm going to totally ignore KMD and buy what the pajeets are shilling me this week"

[Anonymous No.12178838]

Reminder to self that /biz/ suck at picking winners

[Anonymous No.12178880]

No logical reason to have millions of chains to solve scaling. Quant overides all chains and people can use whatever they want. Komodo is dumb.

[Anonymous No.12178909]

>>12178838
Yep but you sure can point a wiener. Fag.

[Anonymous No.12178979]

>>12178482
>This tech is being proven right now, look at for example KMD dice - a crypto conditions gambling dice game that has recently hit 1M transactions.
And how is transaction validation handled? Let me guess, POA?
So, it's a database? It doesn't even use a protocol that is trustless due to cryptographically enforcing certain rules for fund exits to a more secure base layer (like ethereum) via smart contract?

[Anonymous No.12179271]

>>12178979
PoW with dPoW security

[Anonymous No.12179289]

>>12178880
>overrides all chains
Can you explain this?

[Anonymous No.12179407]

>>12179271
dPow? delegated POW?
what's the point of that?

[Anonymous No.12179459]

>>12179407
~25% of block rewards are mined by regular miners, however ~75% are rewards to a network of 64 notary nodes, who agree on a checkpoint by consensus then one is chosen at random to notarise that checkpoint to the BTC blockchain every 10 minutes. To successfully 51% attack a dPoW chain, you would have to rewrite a checkpoint, which means 51% attacking BTC

[Anonymous No.12179555]

>>12179459
>who agree on a checkpoint by consensus then one is chosen at random to notarise that checkpoint to the BTC blockchain every 10 minutes.
That's pretty smart.
>Notary Nodes
Who runs these?
>25% of block rewards are mined by regular miners
Which algo? If there is a sustained 51% attack on these, even if notary nodes are honest and refuse to checkpoint the mined blocks (and user clients (presumably) do not accept them), doesn't it effectively cause the network's usability to come to a halt?

[Anonymous No.12180103]

>>12179555
Checked. 64 notary nodes, 4 run by the team, 60 by elected community members (elected by kmd holders). Best 30 are auto retained for the next year, with the bottom 30 standing for reelection

>even if notary nodes are honest and refuse to checkpoint the mined blocks (and user clients (presumably) do not accept them), doesn't it effectively cause the network's usability to come to a halt?

Not just notary nodes, every node would reject a chain, no matter how long, if it tried to retrospectively change a checkpointed block. Think of it as a way around the longest chain rule, by validating a chain with these checkpoint no matter how much hash a bad actor has they can't go back in time and replace the chain from their chosen point. See link for a much better explanation than I can give

https://blog.komodoplatform.com/delayed-proof-of-work-explained-9a74250dbb86

[Anonymous No.12180134]

>muh atomic swaps
>muh dICO
>muh DEX
KMD is literally the betamax of cryptos, great tech but nobody gives a shit and the autists behind it cant get into marketing. theyre trying to do too many things at once and you cant even explain what KMD is in one simple sentence. its garbage, noone uses it and it will never catch on. you are now bagholding cliff highs bags congrats OP

[Anonymous No.12180178]

>>12178909
lmao how will OP ever recover?

[Anonymous No.12180199]

>>12178482
Check out sbtc then dingus.