How To Mine KOMODO with AMD & NVidia GPU using EWBF's 0.2.0b CUDA Nvidia Miner, Optiminer 1.6.1 AMD Miner, and Claymore ZCash AMD GPU 11.1 Miner in Windows. You can also use these miners in Linux (See download links below). Komodo Summary: Komodo aims at being the new standard for cryptocurrency security and anonymity. Protected by Zcash Zero Knowledge proofs users can make 100% untraceable transactions that are secured by Bitcoin‘s Petahash Proof of Work, due to Komodo’s new delayed Proof of Work consensus mechanism.

First and best Komodo (KMD) mining pool on the Web! No fee, quick payouts, high performance.

Z-Cash Anonymous Transactions: Komodo will allow users to choose between two transaction types: Normal and Anonymous. Anonymous transactions will be encrypted on the blockchain with zero knowledge proofs. No one can find out who sent a transaction, the value of the transaction, or to whom it was sent to. The transaction metadata is encrypted and zero-knowledge proof construction called a zk-SNARK is used to prove that no double-spending is taking place Delayed Proof of Work: Komodo uses a delayed Proof of Work consensus mechanism that allows it to export information into the Bitcoin Blockchain through custom transactions. By notarizing Komodo blocks in the Bitcoin blockchain, Komodo mitigates all attack vectors Bitshares Witness style consensus: Witness based notary nodes are responsible for notarizing the Komodo blocks on the Bitcoin blockchain.

The notary nodes are chosen via voting mechanism, and they are rewarded with the majority of the block reward and transaction fees. Special thanks to Gege for letting me know this was added to Suprnova.

Technology This week the developers of the komodo (KMD) blockchain platform performed a successful atomic swap between KMD and bitcoin cash (BCH) using the team’s Barterdex exchange. Also read: Komodo Developers Perform Bitcoin Cash Atomic Swap On the Barterdex Platform On December 14, the developers of the open source komodo cryptocurrency performed an between KMD and BCH.

Is a digital asset that aims for privacy-centric ideals and hopes to provide more fungible blockchain transactions. The cryptocurrency uses a consensus mechanism called Delayed Proof-of-Work (dPoW) which is similar to bitcoin’s PoW, but also uses a block notarization method. In addition to the komodo token, the team has also built a decentralized exchange called a trading platform that provides cross-chain atomic swaps between other cryptocurrencies. Atomic swaps allow two parties to transact between two blockchains in a trustless manner without counterparty risk. The developer who performed the first ‘BCH KMD’ atomic swap revealed his findings on the Reddit forum. “I was the one who did the actual swap,” the developer reveals.

“This is an Atomic Swap between Komodo and Bitcoin Cash, where the KMD buyer bought BCH — The atomic swap protocol, as used in Barterdex, follows the Tier Nolan protocol (Alice is buyer, Bob is seller).” Komodo developers perform a successful BCH KMD atomic swap. Atomic Swaps Will Tear Down Cryptocurrency Trading Roadblocks The Komodo team the Barterdex BCH swap code is “quite complicated,” but also uses a 2-of-2 multi-signature mechanism which can be used if the trade needs to be canceled. The Barterdex platform also trades over 60 other digital assets that trade blockchain-to-blockchain. In addition to the atomic swaps with a GUI, Barterdex also provides decentralized order-matching. An order matching system matches buy and sell orders so each party can execute a desired trade. The Komodo team explains that there have been notable efforts to try and push the idea of decentralized exchanges like the Bisq network. Komodo KMD Mining Companies on this page. However, the and others still rely on an escrow system whereas Barterdex uses the atomic swap protocol.

Komodo’s Barterdex GUI with bitcoin cash and komodo atomic swap functionality. According to the Komodo developers, bitcoin core (BTC) atomic swaps have been a nuisance during times when the. When the BTC blockchain is backed up with unconfirmed transactions, the Barterdex exchange has to put bitcoin core atomic swaps on hold until the mempool clears. “BTC won’t be disabled in Barterdex, except during periods of high mempool congestion when BTC atomic swaps are very likely to fail,” the komodo’s Twitter handle. For this reason, the developers explained to news.Bitcoin.com that they had decided to integrate bitcoin cash into the trading engine. The Komodo team explained to news.Bitcoin.com that they’re pleased with the BCH integration and believe atomic swaps will transform the future of cryptocurrency trading “Atomic swaps tear down many major roadblocks, foremost among them being a current lack of security in cryptocurrency trading,” explains the Komodo development team.

What do you think about the Komodo developers performing an atomic swap between KMD and BCH? Let us know in the comments below. Disclaimer: Bitcoin.com does not endorse the product/service Barterdex. Readers should do their own due diligence before taking any actions related to the mentioned company, exchange, or any of its affiliates or services.

Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Images via Shutterstock, Komodo, and the Barterdex GUI. Keep track of the bitcoin exchange rate in.