Friday, April 19, 2019

Week 16: Komodo's Five Bullet Friday. Trustless oracles, RedFOX IEO update, and more.

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Five Bullet Friday

Week 16: April 19, 2019
Vote now! Komodo's Notary Node Election has officially begun.



The third annual Notary Node Election officially started on April 14th. If you have already voted, thanks for participating and being a part of the Komodo community! 

If you haven't voted yet, here are some helpful links to make voting easy for you. After you've voted, you can confirm that your preferred candidate(s) received your votes on the VOTE2019 block explorer.

You can see the election results by region and in real time here.

Voting comes to end on May 14th but don't wait to cast your vote! The Komodo team strongly encourages all KMD holders to participate in the election.
 

Komodo's Lead Dev jl777 develops a trustless oracle solution!

The Oracle Problem is one of the main issues currently limiting the functionality of smart contracts. In short, the problem is this: how can off-chain data be transferred onto a blockchain in a trustless and decentralized way?

We're proud to announce that Komodo's Lead Dev James 'jl777' Lee has solved the oracle problem. It's yet another barrier to blockchain adoption that Komodo has eliminated.

Learn more about Komodo's new trustless oracle solution in this article.


 

The Limitations of Smart Contract Platforms

Over the last few years, we've all come to learn that smart contract platforms are limited. But how? And why? What exactly makes smart contract platforms so expensive and congested?

In this deep dive article, we dissect the flawed design of smart contract platforms-- both from a technical perspective and from an economic perspective. The single, shared blockchain model is technically limited and cannot provide businesses with the autonomy and scalability they need to successfully adopt blockchain technology.

Komodo's multi-chain architecture offers superior blockchain solutions. With Komodo's technology, every project gets their own blockchain with its own consensus rules, network, and coin. Transaction fees are always paid in each chain's native currency. Plus, each blockchain created with Komodo's technology has the ability to scale on demand and independently host smart contracts, dApps, games, and more.

Learn more about the limitations of smart contract platforms here.


 

Congratulation to RedFOX Labs on a successful IEO!

Komodo would like to congratulate the RedFOX team on their successful fundraise. Both rounds of the IEO hit their hard cap— the first round in under 30 minutes and the second round in roughly 3 hours.

The RedFOX team has been working tirelessly to make their project and their IEO a success so hats off to them! The Komodo team looks forward to collaborating and accelerating the mass adoption of blockchain with RedFOX.

RFOX will be listed for trading on the Coineal exchange on April 23 at 14:00 UTC with two trading pairs: BTC and USDT.


 

Komodore64 prepares for a live-steamed blockchain gaming event!

The talented team at Komodore64 is preparing for a live-streamed demo of a blockchain-based game built with Komodo's technology. Roughly 100 testers around the globe will join the event virtually, participating in live blockchain-based gaming! 

Tune in to the Komodore64 YouTube channel to watch the demo

The stream begins at 18:30 local time (16:30 UTC) on Friday, April 19.


 

BONUS: CoinZark lists KMD for instant swapping!

CoinZark, a third-party instant swap service, has listed KMD. You can visit the CoinZark website here.


 

Tech Tuesday Development Update 

Here's this week's edition of Tech Tuesday. In this update, Komodo team member Mylo writes about decentralized price feeds, possible dPoW integration for XMR-protocol coins, and recent improvements to Komodo's Developer Documentation. 

Read the full update here.

Thanks for reading! If you're not already part of Komodo's community on Discord, join now to chat with team members, developers, and other KMD supporters.

Have a wonderful weekend!
 
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