I just went through the Komodo white paper on its delayed Proof of Work consensus mechanism (
https://komodoplatform.com/whitepaper/). Has anyone else?
What do you think of this mechanism that notarizes transactions on to the bitcoin blockchain - providing stronger security (an attacker will have to bring both networks to succeed), but whose success also depends on the continous success of Bitcoin? What happens in the case of a the "split" bitcoin blockchain (Segwit, bitcoin Unlimited, etc)? Supanet (Komodo developers) appear to be staking a lot on this mechanism.
Thoughts?
Thanks!
The great thing about delayed PoW is Komodo could swap to LTC, (or any other PoW coin) in a matter of hours if they chose to.