blockchain030

komodo special

 

 

 

2018-11-05 / dPoW

today

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

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