Post
Topic
Board Altcoin Discussion
Re: Komodo coin?
by
John Titor
on 05/07/2017, 14:40:36 UTC
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.

I'm trying to envision ANY scenario where you'd want to do that which would be good for the dPOW coin holder but can't think of any, is there something I'm missing?

If another PoW coin became more secure than Bitcoin, then it would make sense.