Summary of AMA Monday, 6th August with our Quality Assurance (QA) and Support team.

You can read the full AMA here.

An AMA stands for “Ask Me Anything,” which is an internet term used to describe an interview that occurs between the hosts and all the other users who want to ask questions.

This is a painting of JL777 smoking a waterpipe while he upvotes comments on Reddit.

Q1: How do the smart contracts work? Is 2MB blocks big enough to store the code for the contracts in the KMD blockchain? (source).

This is still new tech but here’s the rough answer from my exposure to initial testing and discussion: 2MB blocks are for transactions. All smart contracts are inputs (vins) and outputs (vouts). These are just normal transaction data with contract states. As events occur on the blockchain (transactions) they (trigger) can update contract state, which is just more transaction output. You follow the state of a contract that binds X number of participants the same way you follow the inputs/outputs of coins being spent — you just follow the actions performed on it from it’s address. KMD smart contracts, being regular transactions which affect the state of a contract, can run in their own designated blockchain — with their vins and vouts recorded there. If a different blockchain needs to query the state of the contract in another blockchain, it does so by cross referencing data that has passed through the notary network at that point in time, which is also recorded on the KMD blockchain. KMD’s blockchain is notarized to the BTC blockchain, so the smart contract is secured by it’s own blockchain, KMD’s blockchain and BTC blockchain. Hope that helps :) edit: this kind of architecture allows for a very scalable interoperable eco-system. edit2: some emphasis added

Q2: How will the marketmaker 2.0 will be developed? Will it work on a similar, but improved method how the previous one worked (7 transactions total) or will it be built upon the now in development Crypto conditions framework? (source)

BarterDEX 2.0 requirements. - backward compatible api - 100% ordermatch, regardless of utxo state - extensible support for non-bitcoin protocol - high performance multi-threaded event driven api - fully documented - automated test suite - hostable via website - nearly identical user experience to central exchanges - mobile dex - support for less than 8 decimals coins - persistent on local HDD peer rankings This is currently being developed and tested in #etomic channel of Komodo Discord. You can see the development live there. Also, this is a great read on Marketmaker 2.0 https://github.com/jl777/SuperNET/blob/dev/iguana/exchanges/mm2.md

Q3: On your blog post from March 16th 2018 you have written that Komodo offers a Decentralized ICO model (dICO). Could you shortly explain how this differs from a centralized ICO approach? Additionally, are there already projects wanting to launch on your dICO platform? (source)

In short, the dICO model is based on our decentralised atomic swap technology which does not require any middleman, website, or escrow. Users can download and use the dAPP and they are in control of their funds all the time. Every transaction is directly recorded in the blockchain. You can see the dICO list here https://dexstats.info/dico.php Komodo Platform does not conduct dICOs directly. Service providers are now the way to engage in this type of activity. The two active ones in the marketplace at this early stage are ChainMakers and ChainZilla with a couple others due to start in the second half of the year. If you have further questions on how to host a dICO or how to offer these services, then come to our discord to find out how to be a marketmaker. Chainmakers are hosting an upcoming dICO for GLXT, https://glx.co/glxt/ and ChainZilla has a client they are working with for ecological saving co-ownership strategies for the conservation of land — https://medium.com/@st3rling0x/f5e9f84af70c Komodo does not know directly what other projects are doing a dICO because the service providers have not made it known to us. Also, in the future it will not be possible to know how many dICOs are taking place because they are decentralized by nature. However, we are in the process of creating a community news site for listing (d)ICOs on the Komodo Platform — sometime this month. dICO process is a trade on a DEX network, peer to peer (wallet to wallet) at the market prices set by the market maker (the host of the dICO). There are three ways for the dICO to work: via BarterDEX GUI or via the dedicated dICO whitelabel app (and web app for ease-of-use but some central hosting risk like an ICO) The dICO host, provides marketmakers for people to trade with, directly from their wallet to the host wallet. No middle party, no hackers/thieves/etc. The dICO software/wallet is configured to work only for specific markets (dICOtoken ← → KMD/BTC/ETH/QTUM/Zcash/etc. 95% of all cryptocurrencies). When you download the software, you can check it’s integrity like any other file download via checksum. The ICO process (which can also be done on KMD) has centrally hosted services which can be targeted by thieves. From contract addresses on a website (usually written by 3rd party), KYC/AML regulations to abide by (contact details and other information leak). These are a few examples of central weakness — all have been exploited in the past. Peer to peer trade has none of these risks. At the bottom of the komodoplatform.com website there is a “dICO List” which lists some.

Q4: Hows the mobile dex looking? Any surprises we can look forward to in the foreseeable future? Thanks for all the hard work @komodo! (source)

We are currently working on marketmaker 2.0 (MM2.0) which is planned for Q1 2019. For mobile DEX it would be approximately Q2 2019. The current surprises we currently have for users is, we are testing CC enabled smart contracts. You can check the development in #crypto-conditions channel at Komodo Discord.

Q5: Is Komodo reaching out to any big companies? How do you plan to get more partners on board? How is the eth migration process looking? Any rough numbers on how many projects are looking to port over? Updates on national currency talks? Any definite or talks that are going well? (source)