Tech Tuesday Development Update – 2019 Week 11: Blockchain Innovation Part 3
This series of posts is called the Tech Tuesday Updates. Along with Komodo’s Five Bullet Fridays weekly newsletter, Tech Tuesday Updates is another weekly piece of content to look forward to.
In case you’ve missed a previous edition and want to catch up, you can find all the previous Tech Tuesday updates here.
Blockchain Innovation – Part 3
Imagine if the bear market failures extended to Komodo’s interoperability goals. Maybe less projects to integrate with. Any project can integrate the Turing complete smart-UTXO model (originally a internet standards draft from IETF). The level of integration is dependent on the other-coin project and Komodo offers different ways to collaborate.
In the past blockchain innovations articles, Part 1 summarized Q3 2018 and the first developments of applying smart-UTXOs to existing blockchain tech. The oracles, the coin gateways & instant channel payments are secured with delayed proof of work (dPoW) security.
Part 2 covered some of the blockchain ecosystem innovation like the introduction of dPoW for any coin and for any centralized exchange. The ongoing list of open source innovation continues on through the bear market of 2018 and 2019. Historical summary:
- History of blockchain innovation
- History of atomic interoperability
- Multi-coin open source DEX integration
- Multi-coin open source wallet integration
- Time based multi blockchain hard fork
40+ blockchains Updated at the Same Time
In December, Komodo performed another unofficial blockchain world record by upgrading 40+ blockchains to Sapling signing technology at the same time. Collaboration with Komodo’s Strategic Advisor Mike Toutonghi of the Verus Coin project, a friendly fork targeting a public blockchain as a service offering for polling/voting and other civic utility, followed from Verus Coin’s Proof of Stake breakthroughs released in October.
Making a Custom Blockchain Project with Mandatory Privacy, No Privacy or Optional Privacy
Forget about consensus options – Komodo offers blockchain projects PoW, PoS, VerusHash or combined PoW/PoS consensus tech for custom blockchain creation. The introduction of the -ac_public and -ac_private blockchain parameters in Q4 2018 was highlighted by the privacy-centric project, ARRR with enforced privacy. This option is standard in the custom blockchain toolkit.
Since the introduction of the privacy options for a new custom blockchain, the inclusion of Verus Coin’s quantum secure hashing algorithm has also been added as an option. This also complements the research (& implementation) on MuSig & Dilithium for quantum resistant signing of transactions. A rapid research and development cycle is enabled by Komodo’s Crypto Conditions framework, which introduces a new, multi-format transaction type.
Turnkey Blockchain Solutions – Python Testing Workflow for Oracles, Coin Gateways & Token DEX
Our friendly tester @TonyL on Discord created some python scripts that turned into the TUI (Text User Interface) for Crypto Conditions testing. The automated tests within the Komodo blockchain are used by core devs for their integration tests, but when doing cross-chain lookups and transfers, nothing beats ad-hoc flexibility. Blockchain in the enterprise is still relatively new, with many organisations still relying on their microservices and database rollback mechanisms until transaction finality.
Komodo’s development team continues creating fundamental blockchain technology that continues to find new solutions in the space. Recently our devs made Mobile DEX atomic swaps across blockchains a reality. The Marketmaker v2 product will be a turnkey trading solution in tandem with the HyperDEX project.
Hybrid Blockchains in a Virtual Private Cloud
Throughout 2018, Komodo set records with transactions per second – for real blockchain scalability. Through the rigorous testing with AWS we became an advanced tech partner – the first open source project to do so following the then market leader Ethereum’s enterprise partners. In order to scale to 20,000 – 40,000 transactions per second and spin up 8000+ chains in a cluster, we relied on containerization and virtualization of blockchains. The continued testing of hybrid blockchain and native blockchain gaming continued with further turnkey testing done by the KMDLABS and associated public blockchain community projects.
On the subject of turnkey blockchain solutions, custom blockchain kits and hybrid dApps – an ecosystem project launched in Q4 2018 to build a hybrid DEX solution. The custom blockchain parameters were further innovated, re-introducing our upstream project’s founders fee incentive for non-ICO community driven support.
Open Source Multi-Coin Mobile Wallet for Startups, Projects & Students
The Agama wallet by Komodo currently undergoing a face-lift in part of the rebrand – but that didn’t stop development. Agama Mobile was released for leading mobile platforms Android & iOS. The blockchain as a service provider ChainZilla used some imagination to create an attractive version for their onboarding appeal. It is branded as Chameleon Pay for iOS and Chameleon Pay for Android.
Other ecosystem projects that have adopted Agama are Verus Coin with polling and voting virtual chain technology on the horizon. Also the Peer2Group’s Pungo Wallet which recently partnered with the KSB (Komodo Secured Bond) Stable Coin from Ø Crypto Union, a fintech project leaving Ethereum.
Join us as we continue to develop and lead the blockchain industry into the future.
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