Welcome to the Q4 Progress Report 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 ⤵️
- Q4 2024 Progress
- Quotes from Kadan
- A Day in the Life of a Komodo Developer
- Community Corner
- Upcoming Events
- Crypto Quiz
- Historical Crypto Events
- Degen Glossary
⚙️ Q4 2024 Progress
December 2024
In December, while releasing new updates for Komodo DeFi Framework and Komodo Wallet, we also temporarily removed the DEX and bridge features of Komodo Wallet. If you're curious about what happened during this challenging period for us, you can read our blog post.
KDF update
Komodo DeFi Framework v2.3.0-beta release is live!
Noteworthy:
- Initial/partial 1inch API integration with various new RPC endpoints
- Security fix on peer-to-peer network
Core update
Re-managed and updated office infrastructure for Jenkins upgrade, including Java upgrades on the base host and all agents.
Assisted the GLEEC team in integrating the daemon into their card platform, resolving transaction visibility issues.
Optimized infrastructure by transferring resources (e.g., fallback path dependencies storage for KomodoOcean) to new VPS to reduce running costs.
Performed code optimizations on KomodoOcean's komodod (core daemon).
KW update
- Komodo Wallet (web) v0.8.2 Is Live!
We’re excited to announce the latest Komodo Wallet (web) release, designed to enhance reliability and deliver a seamless user experience.
This update brings expanded support for new coins and tokens and improved visual feedback for easier crypto asset management.
- Komodo Wallet (desktop) v0.8.2 Is Live!
The latest update to Komodo Wallet (desktop) includes expanded coin listings and an improved user experience.
November 2024
Komodo DeFi Framework (KDF) v2.2.0-beta Release 🎉
We’re excited to announce the v2.2.0-beta release of Komodo DeFi Framework (KDF), featuring major upgrades and optimizations to improve functionality and user experience.
🚀 Key Updates
Custom Token Support
Interact with any ERC-20 token by simply providing the contract address — no pre-configuration needed.
Connection Health Checks
A new system ensures robust and reliable peer connections, enhancing stability and performance.
Electrum Client Enhancements
The Electrum client has been redesigned with min/max connection controls and priority-based server handling for smoother operations.
Seed Management
A new feature lets you easily retrieve wallet information through an updated API.
🔒 Core Updates: Decentralized Proof-of-Work (dPoW)
Litecoin Upgrade
The Notary Node network has transitioned to Litecoin v0.21.4, improving security and compatibility.
Komodo Core Daemon (komodod) Updates
- Simplified configuration: No need for a komodo.conf file for chains that use Komodo Core Protocol.
- Improved output handling for smoother transactions.
🌊 KomodoOcean Development
Platform Compatibility
KomodoOcean now supports all major platforms, including Linux, macOS (including Apple Silicon), and Windows. Multiplatform Docker images are also available.
Performance Improvements
- Faster blockchain and block index loading.
- Compatibility with modern operating systems and compilers.
🌐 Block Explorer Updates
- New deployment: https://ru.kmdexplorer.io.
- Improved repository for seamless builds and better stability.
October 2024
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
“With a quickening of Bitcoin adoption, Texas will be forced to move forward at some point with a Bitcoin reserve bill, whether now or in the future, as nation-states and other U.S. states establish their own reserves.”
Our CTO, Kadan, published an article about the US election and Bitcoin on CryptoSlate, one of the most widely read crypto news publications.
“It is time for Trump to reveal his intention of holding Bitcoin as a national strategic asset. He should outline an extensive Bitcoin policy, highlighting his plan to scoop up 20% of the Bitcoin supply or about 4 million bitcoins.”
- Kadan Stadelmann
🎙️ Top Ten Rules for Life, from the perspective of SMK, Chief Quality Officer of Komodo
- Life is probably a simulation anyway, so you may as well choose your own adventure.
- Gamify your life. A high score in class or a personal best in your bank account unlocks more parts of the map than any Xbox achievement.
- Time doesn’t travel; it’s just the road we’re on. You can’t move faster than the terrain allows, so enjoy the view.
- Looking back for anything more than the lessons of experience is pointless. No regrets, no evolution.
- Your attention is a commodity. Don’t give it away for advertisers to profit—invest it in your future.
- Avoid those who perpetually cast themselves as victims for profit. Embrace those who sacrifice and grind without complaint to elevate.
- Respect those who seek truth; be wary of those who claim to have found it.
- If the response to questioning an assertion is threats or violence, the assertion is a lie.
- Fear is the mind-killer. Be authentic regardless of the consequences. Most of all, never lie to yourself.
- If you can’t recall the last time you had pancakes, make pancakes.
🍻 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)
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
🕺 Events
🐉 Upcoming Komodo Events
With our recent roadmap updates, we've realigned our strategy and currently don't have any new events scheduled. If there’s an event you’d like us to attend, we’d love to hear your suggestions!
🛫 Conferences
With the arrival of winter, there are fewer crypto conferences taking place. However, there’s no doubt that 2025 will be a year full of exciting events for both the crypto ecosystem and Komodo.
🧩 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
🤯 Historical Crypto Events
Bitcoin's First Major Cyberattack (December 2010)
In December 2010, Bitcoin experienced one of its earliest and most significant cyberattacks, highlighting a critical vulnerability in its protocol. A user exploited a flaw in Bitcoin's transaction validation process, enabling them to create an enormous number of Bitcoins out of thin air (approximately 184.467 billion BTC). This was far beyond Bitcoin's capped supply of 21 million BTC, posing a major existential threat to the network.
After this critical vulnerability was exploited in December 2010, the Bitcoin community quickly mobilized to address the issue. Satoshi Nakamoto, Bitcoin's pseudonymous creator, and other core developers released a patch for the protocol within hours of the attack being discovered. This patch fixed the transaction validation flaw, preventing further exploitation.
The incident highlighted the resilience of the early Bitcoin community and the importance of vigilant maintenance and development of the protocol. It also served as a wake-up call, emphasizing the need for rigorous testing and peer review of the code to safeguard the integrity of the network. Since then, Bitcoin has undergone numerous upgrades to improve security, scalability, and functionality, maintaining its position as the world's leading cryptocurrency.
📖 Degen Glossary
A detailed explanation of a few crypto terms in each issue.
Bags
Assets, typically in notable quantities. Example phrases include “My Bored Ape bags are holding strong,” “Don’t FUD my bags” or “I have a fat bag of DOGE.”
BTD or BTFD
BTD is short for “buy the dips” while BTFD refers to “buy the f*cking dip”.
Be a 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!
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