Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
Yes, there are no founder mining rewards.
In launch we will sell 90M KMD coins out of the 100M. The remaning 10M is reserved for development, advisers and bounties.
In launch we will sell 90M KMD coins out of the 100M. The remaning 10M is reserved for development, advisers and bounties.
So in immediate term, Zcash founders/dev/etc. team get 20% of available coins Komodo founder/dev/etc. team get 10% of available coins?
After the launch the Komodo supply will inflate to 200M over 14 years.
The mining is different from Zcash because we are building the dPoW consensus on top of the Zcash equihash PoW mining. This means that the Notary Nodes will do majority of the mining with an easier difficulty, and the other normal nodes will have a higher 'normal difficulty'. Thus it is not economical to mine KMD with normal nodes, but the system ensures that the mining (and the network) continues even if the notary nodes would disappear for some reason.
The mining is different from Zcash because we are building the dPoW consensus on top of the Zcash equihash PoW mining. This means that the Notary Nodes will do majority of the mining with an easier difficulty, and the other normal nodes will have a higher 'normal difficulty'. Thus it is not economical to mine KMD with normal nodes, but the system ensures that the mining (and the network) continues even if the notary nodes would disappear for some reason.
What's the difference between regular and notary nodes? Does zcash have notary nodes?
The Notary Nodes will receive blockrewards and the tx fees.
who becomes a notary node?