Komodo Compass #1

Welcome to the first edition of the Komodo Compass, a monthly primer covering the developments in and around Komodo Blockchain and the larger crypto ecosystem we’re building with you!

This newsletter offers a guide to Komodo stakeholders by gathering the resources they may need. It highlights recent developments, ecosystem insights, food for thought, and more!

In this edition ⤵️

Monthly Progress
Quotes from Kadan
Topic of The Month
Community Corner
Upcoming Events
Crypto Quiz
Historical Crypto Events
Degen Glossary

⚙️ Monthly Progress

This month some critical improvements have been completed and a new level has been unlocked!

GUI Team

Open-Sourcing of Komodo Wallet (KW)

Overview: In October 2024, Komodo reached a major milestone by making Komodo Wallet (web) 100% open source, completing our vision for open access across all platforms. This follows our earlier step in March 2023, when we fully open-sourced Komodo Wallet (mobile).
With this measure, all Komodo Wallet applications (mobile, web, and desktop) are now 100% open source and available on GitHub. This initiative encourages developers and blockchain enthusiasts to contribute, audit, and innovate, fostering transparency and collaborative growth within the Komodo ecosystem.
User Value: Open-sourcing enhances security by allowing community-driven improvements and third-party custom features or integrations, providing users with greater assurance and control over their assets.

Progress Towards Unified Cross-Platform GUI Projects

Overview: Significant progress has been made in aligning the web app with the desktop and mobile versions. Only a few minor features remain before the unified cross-platform build is fully ready. This unification will streamline development by consolidating efforts into a single codebase.
User Value: Users can expect more frequent updates, improved performance, and a seamless experience across all devices as development focuses on one cohesive project.

KDF Flutter SDK – Initial Release

Overview: The initial release of Komodo DeFi Framework (KDF) Flutter SDK provides developers with basic wallet functionality. This SDK, available on GitHub, enables developers to build decentralized applications (dApps) easily, supporting innovation.
User Value: This SDK empowers developers to create new dApps, expanding potential services and experiences for Komodo Wallet users and fostering a broader ecosystem of Komodo-based solutions.

KDF Team

Interoperability Enhancements

Overview: Swap functionality using the WalletConnect protocol has been successfully tested with FTM/KMD swaps, confirming compatibility with MetaMask and various other wallet providers. Cosmos asset wallets also now work with WalletConnect, expanding multi-wallet support beyond Keplr.

Custom Token Import for EVM-Based Tokens

Overview: Custom token import functionality is being finalized, enabling users to import any EVM-based tokens into their wallets. Users can currently import custom Ethereum tokens and Qtum tokens on Komodo Wallet (desktop). Eventually, users will be able to do the same on Komodo Wallet (web) and Komodo Wallet (mobile). This will also expand token import capabilities to major blockchains such as BNB Chain, Avalanche, Polygon, and more.

Node Synchronization Enhancements

Overview: Timing issues affecting node synchronization were resolved, boosting system stability and reliability.

SIA Integration and Security Review

Overview: SIA integration is in the final stages, and the KDF team has conducted a security review for new and updated dependencies to be included in the upcoming 2.2.0 release.

Core Team

Core Daemon Improvements

Overview: Fixed issues in the core daemon to support dual GLEEC configurations and improved change handling for Notary Nodes. Additionally, the KomodoOcean Core daemon now supports builds for ARMv8 64-bit.

GLEEC Team Support

Overview: Provided the GLEEC team with NodeJS resources for creating addresses and signing transactions, facilitating integration with exchanges.

💭 Quotes from Kadan Stadelmann

Mind Reading Technology Reads Minds Already

Our CTO Kadan has published his article about mind reading technology and AI on Benzinga, one of the most widely read platforms.

He discussed the current state of these technologies and potential future scenarios awaiting us.

The dystopian world of 1984 would seem utopian by comparison.
-Kadan Stadelmann

Click To Read

🎙️Topic of The Month

Privacy!

….The future of privacy amid increasing surveillance is an interesting topic. It touches on tech subjects such as zero-knowledge proofs and technologies yet to be developed. i.e. AI powered moderation software that is part of a e2e chat and ensures laws aren’t violated -> encrypted convos then get an additional tag / label or simple “score” which “regulating authorities” would be able to rate a convo from 1-10 where 1 is random kids chatting about next brawlstars / roblox strategy and 10 is the surgeon in eastern Europe who sells “living …dolls” – but the tech wouldn’t leak the actual convos and rather just a “index type of data-value”, et cetera….

– Kadan Stadelmann

Community Hall of Fame

Stories, writings, or achievements of active community members.

This month Pana.BLK takes the lead at hall of fame! He provided constant feedback and he is always active on our Discord.

But… Who is Pana?

Pana has been a part of the Komodo community for many years and describes himself as a crypto advocate. As one of the OGs (Original Gangsters) of the crypto ecosystem, he consults for various projects, prioritizing privacy and open-source technologies.

His regular feedback contributes to Komodo’s daily improvement, while his pleasant conversation enlivens our community.

🍻 Contribute

A section on how the community can contribute to Komodo.

For Developers:

Please check our GitHub issue tickets
Choose one to work on
Solve the issue or open a Pull Request (PR)
We’ll review from there (successful/solid contributions can almost guarantee a position or freelance work)

Go to GitHub

For Community Members:

Visit the #contribute channel on Komodo’s Discord Server
Engage with our social media platforms
Help spread the word about Komodo
Create content related to Komodo

Go to Discord

🕺Events

🐉 Komodo Events

🛫 Conferences

In October, we sponsored Blockchain Life Dubai 2024!

Participated Events:

Cardano Summit, October 23-24
Binance Blockchain Week, October 30-31

A wrap-up for those events is on the way 👀

🧩 Crypto Quiz

A fun crossword puzzle that tests Komodo and general crypto knowledge.

1- Solve it

2- Join our Discord

3- Share the answer at #general

4- Get your reward!

🤯 Historical Crypto Events

In the most recent case, Compound DAO suffered a governance attack resulting in a loss of $24 million.

📖 Degen Glossary

A detailed explanation of a few crypto terms in each issue.

Probably nothing

This term is used ironically to mean “probably something important”. For example, one may say “This freshly launched NFT collection just hit No.1 in trading volume on OpenSea. Probably nothing.”

PFP

Literally means “profile picture,” but in the NFT world, also means a project that often doesn’t have utility beyond use as an avatar on social media. For a while, CryptoPunks was the only “PFP project,” but by the end of 2021, there were thousands of them. They are often released in editions of 10,000, where each NFT will have unique characteristics.

Be Komodian!

We’ve never been more confident that the Crypto movement will drive the future of society. It has never been a more exciting point to get involved in Komodo and seize the DeFi.

If you are committed to DeFi and are interested in collaborating with or getting involved in Komodo, join our Discord now, and let’s connect!