Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
hiphoptrail
on 19/10/2018, 09:53:17 UTC
KMD is a verry technical coin. But its sad it got one big flaw in its current setup.

The Trusted Setup is a vital part of what makes KMD work. Kmd is a coin to use a implementation of a cryptographic proof called zk-SNARKs (SNARKS for short). These SNARKS are the engine that can quickly and efficiently verify a transaction and add it to the blockchain without revealing any details to the public. The tricky thing about these SNARKS is that (like many algorithms) they need to have a one time setup. And the reason that this setup is called the “Trusted Setup” is because you have to trust that whoever generated those keys destroyed them when they were done.

The Keys give "God powers" with the keys its possible to create free KMD for yourself. Because the SNARKS implementation also hide the supply. No one will notice if the keys are beying misused.

i get what your saying. the algo eqihash was used by zcash and they did the same thing. they had multiple trusted people that were given part of the keys. are you saying that kmd did not do this?

interested in this.

thanks