Updates & Developments
Komodo CTO Kadan Stadelmann was interviewed once again about quantum computing and how to safeguard blockchain technology against it.
Rachel McIntosh from Finance Magnates published an article asking the question: "How serious is the threat that quantum computing poses to blockchain technology, and what can be done about it?" Kadan's answer: "While quantum computers certainly pose a long-term threat to most cryptocurrencies in their current form, the more legitimate projects are already deploying countermeasures in the form of quantum-proof cryptography."
Of course, Komodo is one of these projects. In fact, Komodo is now being recognized as the industry leader with regard to quantum security in the blockchain space. Recall that Lead Dev James 'jl777' Lee added a quantum-secure digital signature scheme called Dilithium back in April.
Read the full interview with Kadan on Finance Magnates here.
This week, the Komodo team published a long-form blog post on the 4 ways to adopt blockchain technology: code a new protocol from scratch, fork an existing chain's source code, pay to run a program or app on a smart contract platform, or launch an application-specific blockchain with a multi-chain platform. In the post, we explore the relative merits of each path to blockchain adoption and explain why application-specific blockchains are the superior choice. Read the full blog post here.
The Komodo team published another article in the Blockchain Fundamentals series this week. The latest explainer article focuses on the fundamentals of cryptocurrency trading. While many in the Komodo community are already crypto-savvy, there are many more people out there who are completely unfamiliar with cryptocurrencies and how to trade them. Please share this guide with anyone you know who might find it useful! See the full guide to crypto trading here.
Progress continues on AtomicDEX. The Dev Team is hard at work, refactoring and optimizing the Market Maker 2 networking layer with use of the data obtained during the AtomicDEX stress test. The team is also continuing to work on the web browser and desktop versions of AtomicDEX. In addition, new coins are being added on a regular basis, including a full stablecoin suite. Expect a new release soon with more newly-listed assets.
The Komodo Development Team is making huge strides on several other projects, including the Antara Gamring SDK and decentralized finance features, both of which will be added to the Antara Framework. The Antara Gaming SDK will make it easy for game devs to build games and integrate them to a Smart Chain. The team is working on several proofs-of-concept. As for the DeFi solutions, several Antara Modules will work together to offer a fully decentralized, crypto-backed stablecoin solution that can be pegged to any asset. Users will be able to lock funds in a multi-sig address and borrow up to 80% of the market value of their locked assets in the form of the stablecoin. More information on this new technology will be made available soon.
Komodo is looking for two new developers: a frontend developer and UX/UI designer with at least 3 years of experience; and a blockchain core developer with at least 5 years of experience with C/C++ and at least 2 years of experience with either the BTC or the ZEC protocol. In addition, the Komodo team is offering a $1,777 USD referral bonus (paid in KMD or BTC) to anyone who refers a candidate that is hired for one of these roles. Learn more about these 2 openings on the Komodo Careers page. | | A Word From The C-Suite
"We have to consider the 'quantum supremacy' era already here – now. The industry leaders in this area have already publicly presented functional two to three-figure qubit chips, which means with 'unlimited' resources and space, this could be scaled up quite fast. Google, for example, just presented how their 54 Qubit chip performed a computation which would take the world's most powerful supercomputer 10,000 years in just 200 seconds. This doesn't even cover the non-public segment of this industry.
While quantum computers certainly pose a long-term threat to most cryptocurrencies in their current form, the more legitimate projects are already deploying countermeasures in the form of quantum-proof cryptography. By the time quantum computers are available to the wider public, expect most remaining cryptocurrencies to have already made the leap into the quantum-resistance movement, so to speak. Metaphorically speaking, pre-existing chains can already flip a switch and immediately deploy a quantum-resistance mechanism."
Komodo CTO Kadan Stadelmann
Read Kadan's full interview with Finance Magnates here.
| | | Thanks for reading and have a great weekend! | | | |
