Bart
Hello. I'm using Slides for sharing knowledge about blockchain and miscellaneous projects of mine.
blockchain030
komodo special
2018-11-05 / dPoW
today
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10:00 get to know each other, coffee
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10:15 presentations
✨ Komodo Ecosystem
⭐ Komodo Independent Chains
⭐ Delayed Proof of Work
⭐ BarterDEX
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12:30 Lunch 🍽
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14:00 Workshop: Become a LP
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16:00 Recap
Delayed Proof of Work
bart van maarseveen
@bvanmaarseveen
coincollect.cc
multicoin mobile wallet
secure exchange of coins
@CoinCollectHQ
komodopioneers.com
education & onboarding
promoting komodo
@komodopioneers
bart roorda
@bartroorda
Komodo Platform strives to accelerate the adoption of blockchain technologies around the globe.
To lead the world in blockchain integration.
blockchains better collaborate
- energy consumption
- costs
- application (niche)
- necessity of global administration
- the security of Bitcoin
- the flexibility of your own chain
delayed proof of work
collaborate via
secure, interoperable blockchains
secure, interoperable blockchains
pirate
coin
delayed proof of work
collaborate via
extreme hashing power
ecosystem for interoperability
your own special chain
dPOW
komodo came up with the delayed proof of work consensus mechanism.
the hash of the komodo chain is stored in the bitcoin chain with a fixed interval.
every 10 minutes
dPOW
komodo dPOW ignores the 'longest chain' rule, but looks at the hashes in Bitcoin to verify the true chain instead.
dPOW
if a different chain would be the most secure in the future, dPOW provides in switching to that within minutes.
asset chains
in addition komodo allows people to create 'asset chains' which are independent blockchains.
asset chains secure themselves with dPOW in komodo.
asset chains
asset chains ignore the 'longest chain' rule as well and look at komodo to resolve conflicts.
asset chains
asset chains can in theory switch to another chain then komodo, just like komodo can switch from bitcoin to another chain.
result
komodo and its asset chains inherit the superior security level of Bitcoin while offering a more flexible and adaptive nature than Bitcoin itself.
Bitcoin provides the best and most robust security to an ecosystem of blockchains
This has way more impact then being the no. 1 p2p digital cash
this answers concerns of environmentalists for energy consumption
confirms Bitcoin maximalists for network effects (on PoW)
confirms alt-coin adepts for diversity, localism & flexibility.
Komodo recycles Bitcoins energy and this process can be nested ∞
further reading
next up
Komodo - Delayed Proof of Work
By Bart
