INTERVIEW

ROB: Could you explain what crypto condition smart contracts are and how they’ll work?

JL777: I started writing a document about this: https://github.com/jl777/komodo/blob/FSM/src/cc/CC%20made%20easy

ROB: You’re by far one of the greatest minds in crypto. What gave you the idea to start KMD?

JL777: I am more an implementer than a theoretician, but I have indeed written a lot of code and have direct experience with a large range of crypto aspects. That often allows me to see things that for others is not so obvious. I needed a platform that I could trust wouldn’t be changing the rules from under all its projects and the difficulty in getting projects to accept drastically different things, made it so that starting KMD from scratch, rather than try to convince any other project, was the best path granted, it is a longer path, but with certain results.

ROB: As the leader in atomic swaps, why do you focus on this subject and do you see the future of all trading being done in this method?

JL777: The KMD architecture needs an atomic swap capability and since there wasn’t any existing solution, I made our own. however, it is just one part of the KMD solution. It is not a panacea and there will be tokenized trading, especially with multi gateway tech securing the funds and such capabilities I am working on via the CC contracts.

ROB: Are you the first to do an etomic swap? Can you briefly explain the process it took to successfully accomplish this?

JL777: No, others did earlier than me in 2013/2014 timeframe. It was just a matter to implement the defined method. The actual atomic swap process is well defined but all the things surrounding the atomic swap is most of the work.

ROB: Rumors say that you’ve found a way to scale to 1 million (Dr. Evil voice) TPS, how long did it take the team to think out the process of Federated Multi-Chain Syncing? When will this be put to the test?

JL777: Yes, that is a solved issue. Libscott and I worked out how to do this earlier this year and the scaling team has made a set of deployment scripts that allows spawning whatever number of chains needed. Not sure exactly when they will go for the 1 million tx/sec, but it is just a matter of the number of chains. Since each chain adds their own tx/sec, by having enough chains, you can scale to whatever crazy level of tx/sec you want.

ROB: dPOW seems to be the prevention of many 51% attacks in blockchain, I can see this being a highly adopted consensus, how did you come across this idea?

JL777: I needed a way to secure chains without much hashrate, so I invented the dPoW. KMD needed BTC funds for the BTC txfees and that was really the only reason we did the ICO. Having BTC level security has many advantages, resistance to 51% attacks being part of that.

ROB: Just curious, are you associated with ARK? They seem to be running something similar to KMD.

JL777: No relation to ARK. I am not aware of any other project that is doing all the things KMD is doing, certainly many projects are doing one or two aspects of what KMD does, but KMD seems to be unique in that it is doing all the things at the same time.

ROB: Yes, I agree. KMD is the one stop shop for blockchain, from creation, crowdfund, to listing, what’s next for KMD? Do you have any specific add ons in mind beyond the roadmap?

JL777: Now I am working on coding all the foundational CC contracts needed to allow most all dapps to be able to be created via rpc calls. That would mean that there is no need to write a custom CC contract, but rather to use a pre built CC contract via the rpc calls. This is a semi-open ended task, but it is one of the last pieces needed. Of course there is the next generation work that is being done, but best to not be talking about that until it is much closer to ready. I prefer to be talking about the tech when it is in the testing stage as that means it is very close to ready and that all the fundamental issues are solved.

ROB: I’m also interviewing Utrum(OOT), how do you think KMD will best benefit from this dICO and vice versa?

JL777: OOT dICO proves it works and raising $1 million+ in the deep bear market is certainly a good result. By decentralizing the ICO process, it reduces risk to the ICO purchasers as it means they are able to get the ICO coins right away as part of the purchase. A lot of ICO tend to have long delays from payments to release of tokens.

ROB: As a pioneer in this space, you’ve managed to be the lead solver in scalability, privacy, interoperability, and security. If you ask me, its mission accomplished, however, I’m definitely not the great JL777. Aside from scalability, as we know what’s being done, are you looking to continue improvement in these features?

JL777: Yes, still more work to be done, but it is more in completing the implementations and getting user adoption. So while theoretically and in the lab, we have the solutions, we still don’t have the end user adoption that would validate it. This is one of the reasons we are working with Ideas by Nature who has the experience in that sort of thing. Also, I expect I will be working on helping train new devs to create more CC contracts, it is quite an open ended territory.

ROB: In your opinion, what are the next steps needed for mass adoption? Where do you see crypto in the next 10 years?

JL777: It seems ease of use is needed. Ithink in 10 years, people won’t really think about whether it is crypto or not-crypto, it would just blend into daily life.

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