Is Komodo KMD Mining Profitable Reddit

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Is Komodo KMD Mining Profitable Reddit 8,4/10 5148reviews

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Is Komodo KMD Mining Profitable Reddit

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• • • • Wallets ▾ • • • • • • Social Media ▾ • • •. St_K already spoke to it, but whichever blockchain has the most secure PoW can be selected to be the chain used for the dPoW. The whitepaper makes mention of the Bitcoin Cash uprising in November and uses it as an example of why the Bitcoin may not always be the most secure PoW blockchain. In November of 2017, for a few hours the majority of Bitcoin network miners switched their hash power to a competitor’s PoW network, the “Bitcoin Cash” network. This switch was the result of clever software engineering on the part of the Bitcoin Cash team. Also worth noting is the brief moment in May 2017 when Ethereum became the. Another thought I had while typing is the fact that dPoW costs money to transact with Bitcoin.

The astronomical fees on the Bitcoin blockchain could eventually mean that notary nodes are no longer profitable to transact with the BTC blockchain, either resulting in a swap to another PoW secured chain, or notary nodes shutting down. The is as large as it's ever been, and that's not a problem that Segwit or LN will ever be able to fix.

• • • • • • •. Thank you for the link. Bt still, there is no answer on how can a different code get attached to the original bitcoin blockchain. There’s only one value that can be arbitrary a that’s coinbase parameter, but There’s no info about that. EDIT: i I have finally figured out how they probably achieved this. Notary nodes don’t create bitcoin blocks so they don’t use the coinbase parameter.

Instead, they use OP_RETURN in their bitcoin transactions. In that case, nobody can use that transaction as an input and it will be published in block. Software Needed For Decred DCR Mining. Lecture 9 - Bitcoin as a platform on youtube.

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• See our page for more details. Monthly Top 10 Market Cap Subreddits Home Subreddits Related Crypto Subreddits Related Tech Subreddits IRC News • • • • • • • Exchanges • • • • • • • • • • • • Mining • • • • • Resources & Tools • • • • • • • • • Our Subreddit Friends • • • •. Hey Everyone, (Disclaimer: I am and will continue to be a long-term holder of Komodo) I wanted to spread the news to our crypto community about the first ICO taking place on the Komodo platform (KMD). Not many people know about this sleeping giant so wanted to pass along this information. The ICO is taking place on November 10th 12pm (GMT) for the e-banking platform Monaize (MNZ). MNZ is a fintech company that aims to capture the untapped market of small and medium size enterprises. They already have a working app that provides an instant KYB/KYC (Know Your Business/Client) on-boarding process allowing users to create a working bank account in less than five minutes with a smartphone.

MNZ not only has a fully functional app, but they also have some very important partnerships. To list a few, Mastercard (banking service provider), Bitpay (bitcoin payment service provider), Lexus Nexis and Contego (KYC/KYB). MNZ plans to use their blockchain for real use cases such as new payments systems and crowd lending.

As far as I know this is the first real partnership between a licensed bank and a public cryptocurrency. Also, during the presale KMD purchased 5% of the MNZ tokens in order to align the two companies’ interest and help MNZ navigate their way into the crypto space. KMD has a vested interest to see this ICO take off, and with a working app and great partnerships this should be an ICO on everyone's watch list. KMD is declaring this the first decentralized ICO (dICO) to be conducted in crypto history. This is a new term they coined themselves, an ICO that offers an easier and safer experience for participants. Listed below are characteristics they’ve implemented on the Komodo platform that allows them to proclaim this to be the world’s first dICO. • Atomic Swaps – KMD has been doing atomic swaps since 2014.

They have been perfecting the tech for years and are about to unveil it to the world. The last phase they are working on is the GUI.

They are days away from completing this, soon anyone will be able to do atomic swaps with the click of a button. The MNZ ICO will be the first ICO to be fully executed via Atomic Swaps. No more centralized websites/addresses to send coins into where users would have to wait days/weeks to receive the ICO token/coin. Learn more: • Complete Anonymity – KMD has developed JUMBLR, a decentralized coin mixer that provides complete privacy for the users with only 0.1% – 0.3% fee for use.

In a nutshell, JUMBLR trades your BTC (or other crypto) for KMD via atomic swap and provides complete privacy through the zero-knowledge proof technology. Then that KMD is mixed with other KMD from other sources to provide an additional layer of security. Lastly, the mixed KMD will be converted back to BTC through another atomic swap and sent to its destination. The JUMBLR process is still a manual process and completely optional, but provides complete anonymity for its users if they choose to use it.

Learn more: • Whale Resistance – Many ICOs have fallen prey to some very wealthy people, like Basic Attention Token (BAT). ICOs, like BAT, run into issues when wealthy individuals/groups are able to buy up large sums of the ICO token/coin in relatively short amount of time. These whales will be able to control and manipulate the market which defeats the whole purpose of decentralized cryptocurrencies. KMD has implemented a system to distribute ICO tokens/coins across multiple nodes/peers to combat this problem. They want to give everyone a fair opportunity to participate in their ICOs.

Learn more: • Native Blockchains – KMD is creating a platform where ICO issuers will have complete control over their blockchains and crypto currencies. ICO issuers will have the ability to separate themselves from the main Komodo blockchain giving them the opportunity to implement their own features and securities, while still being able to piggyback off updates made on the Komodo blockchain.

This solves the bloating/scalability problem ETH will eventually face in the future. • Multi-Coin Swaps – Komodo is not limiting their ICO issuers to only collect KMD in the ICOs. Bitcoin will be able to be used in the ICO, and potentially other coins in the future. This creates true freedom for both the ICO issuer and ICO participant. The KMD team aligns themselves with Satoshi’s vision of creating a fair and leveled playing field for people around the world.

One issue that many people have raised concerns about is that this will fail to drive demand for KMD, but the KMD team doesn’t believe in forcing people to use their coin if they don’t want to. They see moves like this as a tax on an ecosystem and movement away from a free and open source environment. The KMD team believes use of their ecosystem will drive demand for KMD and create real organic growth. Its also worth mentioning that many ICO issuers will decide to help KMD by providing their investors incentives to use KMD. Like in the case of MNZ, this ICO will grant a 20% discount when using KMD in the first 6 hours of the ICO. After this window is closed the ICO will be opened up for BTC to be swapped for MNZ. There is so much more to know/learn about both KMD and MNZ that I cannot fit into this post without make it any longer than it already is.

I encourage everyone to keep an eye on these two. I will provide some links on the bottom to some additional information for anyone who wants to do some research. Everyone let a small presentation get in the way.

These are developers not marketers. They've also upped their game and hired more people for PR, as well as keeping up very up to date on their slacks (Supernet) I've been buying this coin from $2, to $4 back down to $2, and I will continue buying this. One of the most solid coins and teams I have ever seen. Also you left out their liquidity multiplier (Ability to use the same say 1 bitcoin to set 100 different buy orders, so you can set a lot of buys under market price without locking up the funds) • • • • • •. KMD is actually something else. As far as I know, the 5% APR is not really POS, but an incentive for people to hold KMD.

The platform actually uses delayed proof of work (dPOW). In short, the KDM platform will notarize their blockchain on the BTC blockchain, giving the KMD chain the same level of security as BTC. This is in addition to the hash rate KMD miners provide the network. This is also a new innovative concept, where blockchains work in tandem instead of against each other.

Check this out for more info • • • • • • •.