Ninjastic
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Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
jl777
on 24/09/2016, 18:20:48 UTC
Quote from: criptix on September 24, 2016, 06:03:11 PM
Quote from: KomodoPlatform on September 24, 2016, 05:36:50 PM
Quote from: JUSTDLISK on September 24, 2016, 01:05:48 PM
According to this thread, this isn;t vaporware as a testnet will be released during ICO. why do critics keep saying it will take years to be completed then? or is it just fud.

Komodo development didn't start from scratch as some of the Iguana functionality is required. Iguana is low level tech build by SuperNET. Here is the GitHub: github.com/jl777/SuperNET

The Komodo development has already begun. Here is its GitHub: github.com/jl777/komodo

Zcash is also making good progress, and Komodo will be using their open source technology. Their technology is also very real and open source.

Recently jl777 also started blogging Wink You can read all about the ongoing development from here: komodoplatform.com/devblog/

I hope these points make it clear, that Komodo is definitely not vaporware.

Do you guys have any plan to change how some trusted entities have to set up the starting params of the blockchain?

As far as i understand that is one serious problem for zcash.
It is not as big of an issue as it is made out to be. But since it appears to be the only possible weakness of zcash, a lot of noise is being made about it.

https://z.cash/blog/snark-parameters.html
http://diyhpl.us/~bryan/papers2/bitcoin/snarks/Secure%20sampling%20of%20public%20parameters%20for%20succinct%20zero%20knowledge%20proofs.pdf

The reality is that all of the people involved in creating the parameters have to collude with everyone else, ie. a total conspiracy. Knowing the zcash devs a bit, I do not believe this is anything to worry about.

The other theoretical attack against this is that ALL of the people involved in creating the parameters either collude with everyone else or they run compromised hardware/software that allows an attacker to reconstruct the entire dataset.

Now maybe some govt can run a mission impossible type of op to counteract all the countermeasures in place, but even if the parameters are compromised, the privacy wont be. And since the only entities that I can conceive of that can even think about running such an operation can already print all the money they want, they have no incentive to do such a low return project.