Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
KomodoPlatform
on 27/12/2016, 11:32:50 UTC
I think most have missed the fact that this native DEX based ecosystem already solves the scaling problem as overall capacity can be increased just by spawning new blockchains. native DEX can then allow tokens to flow between the chains based on market price or 1:1 pegs or pricefeeds.

This whould be a killer, IMO.  I hope there would be good documentation on how to do this, so, say, I would be able to create zero-knowledge token, pegged to a local currency and instantly available on DEX.
./komodod -ac_name=YOURTOKEN -ac_supply=1000000 -gen
./komodod -ac_name=YOURTOKEN -ac_supply=1000000

do the above command line on two different nodes. The -gen node will mine 100 blocks. At that point, the blocks are on-demand so if no tx, then no blocks. You will be able to DEX YOURTOKEN based on the YOURTOKEN name.

We will need to have some way to resolve name collisions, but if the ac_name and ac_supply are the same, it is the same chain.

Would be there a name conflict is `ac_name` is the same, but `ac_supply` is different?

Any ideas about making name squatting expensive?

the above command line autogenerates genesis, etc. and issues 1 million YOURTOKEN coins. it is zero-knowledge enabled. however the fiat pegging is limited to the pax fiat chains. It requires a decentralized gateway and notary nodes, so not something that can be a standalone assetchain

Will be there more docs on that?
I submitted a first draft on pax whitepaper, but not sure its status

We plan to release it around / after the time we distribute KMD!