Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
NASdaq
on 07/02/2017, 02:26:55 UTC
Quote from: Big Naturals on February 03, 2017, 06:06:27 AM
Quote from: NASdaq on February 03, 2017, 02:21:24 AM
Quote from: Big Naturals on February 02, 2017, 10:57:26 AM
Noobie question, komodo looks more ambitious and advanced than most other alt coins, is there a foundation running things like there is with ethereum? What governance procedures are in place?

afaik komodo does not have any foundation, jl777 is in charge of the tech, and notary nodes were recently elected. Governance and consensus are decentralized based on voting by coin holders.

Thank you for reply, how often will elections happen, what requirements to be a future candidate?

Rules for future node elections have not been released by dev team afaik. Best for the devs to work on the software and network stability now, let things settle down after the launch, then I'm sure details for future elections will be made public.

One thing for certain though, many more candidates will run next time, notary nodes are in the words of j777 'money printing machines' at a price just higher than where we are today Smiley