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⭐ Merited by d5000 (1)
Just going to add that the repository https://github.com/KomodoPlatform/atomicDEX-Pro is the source for a cross platform desktop GUI. It is actually the front end that communicates with a "daemon" that does the actual atomic swaps + wallet management and exposes an API for any GUI to communicate with it. Its repo: https://github.com/KomodoPlatform/atomicDEX-API . It is truly cross platform. that is, it can be compiled and run on any desktop/mobile OS. Documentation for any devs who want to build a GUI or play with it 
https://developers.atomicdex.io/
https://developers.atomicdex.io/ Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
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.
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
The equihash algorithm is a PoW algorithm and as such doesn't have anything to do with zk-SNARKS. The keys related to zk-SNARKS that KMD uses are the same as Zcash uses. zk-SNARKS are related to only the privacy aspects of KMD and doesn't define the Platform at all. There is dPOW that Einsteinium and Game-Credits projects have adopted to protect from 51% attacks. Then there is the Komodo Custom Consensus Framework that allows for contracts which is currently under development/testing. There are on-chain token generation, on-chain faucet, dice, and Rewards contracts that are already working. So if people can trust the Zcash privacy mechanism, then they can extend the same trust to Komodo's Privacy mechanism as they are exactly the same.
so sab is saying kmd used zk-snarks for the privacy mechanism and in order to do that, kmd had to generate private keys at the begining and kmd has those keys and can use the zk-snarks mechanism to basically generate tokens at will - is this correct?
But KMD didn't generate any keys related to zk-SNARKS. They are using the same parameters as Zcash uses. So if at all there was found to be a compromise in the parameters used by Zcash, then KMD's privacy mechanism is compromised too. But there has been too much discussion about this topic in Zcash related posts and forums and the matter has been put to rest. The only people who bring up the "trusted setup" these days are the ones who invested in other privacy coins.
Komodo is not a purely privacy coin. It is there to use if a user on the platform needs it. What Komodo aims to accomplish and has already accomplished is not for a forum post to say. It is related to Securing Blockchains using BTC's hashpower, Enable interoperability among different Blockchains and provide a powerful Smart contract platform that is aware of other Blockchains among many other things.
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
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.
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
The equihash algorithm is a PoW algorithm and as such doesn't have anything to do with zk-SNARKS. The keys related to zk-SNARKS that KMD uses are the same as Zcash uses. zk-SNARKS are related to only the privacy aspects of KMD and doesn't define the Platform at all. There is dPOW that Einsteinium and Game-Credits projects have adopted to protect from 51% attacks. Then there is the Komodo Custom Consensus Framework that allows for contracts which is currently under development/testing. There are on-chain token generation, on-chain faucet, dice, and Rewards contracts that are already working. So if people can trust the Zcash privacy mechanism, then they can extend the same trust to Komodo's Privacy mechanism as they are exactly the same.
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
Crypto currencies, blockchain system, intelligent contract development, decentralized currencies do not lie. Block chain technology emerged as a response to world economic crises.
That is true but it is becoming more or less the same shit that we already have only packed differently.
What is the point of this decentralized system when you have AML/KYC on every step and it starting to be regulated.
You are not allowed to spend your own money.
You have the masters above that dictate how you should live your life.
This technology should help common people to interact directly make p2p direct deals without "trusted" 3rd party aka "MASTERS"
but as you can see most of the projects (ICO) are using this technology to replicate the current existing system.
Also the problem is that they (ICO makes) make hype about this blockchain and try to use it in every aspect even where is not needed
just to grab money.
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
PoS does not reinforce historical consensus. Every subsequent block in a PoW chain makes the history below it more secure because the cost of reversing it is superlinear in the number of blocks built on top. In PoS, this is not the case, the cost of producing a block is a constant, therefore the cost of reversing history is a constant
But is it really so?
For the record, I'm not technically familiar with either PoW or PoS systems but let's assume that there is only one miner left in Bitcoin and he waits long enough till the difficulty drops. Won't he be able to do anything with the blockchain including reversing transactions? If he will, how does every subsequent block make the whole blockchain more secure then? As I understand it, he will be able to completely undo all transactions. What am I missing, in layman terms?
Also if only one miner is mining the coin it's already dead anyway, so the lone miner can do whatever they want and no one would care.