Kadan Stadelmann on Komodo's multi-chain smart contract platform

0:24terms could you please explain how Komodo is providing solutions using blockchain technology okay so and we've been in this space for a pretty long time right and we've continuously been trying to improve the industries underlying technology base right and these by providing different tools and technologies to give the block chains even third-party blockchain this

0:51interoperability that we aim to provide right through our technology yeah that's great and one thing about interoperability right now there's a big problem is that we need to use centralized exchanges to exchange coins between block chains and that's posing a major security threat and things like that but we also have decentralized exchanges coming out which remove that

1:14third party and are supposed to make it's more secure I know Komodo is working on some things like that could you please explain about the atomic decks that Komodo has been working on and how that fits in with the decentralized exchanges and how it's improving the blockchain industry okay so first of all atomic attacks is camuto's all decentralized exchange

1:35technology okay and atomic dex itself is basically the third generation Dex technology we've been developing this for now almost over a half decade and the technology is very very promising so in the first implementation right we had a very basic layer but interoperability was still fully provided to all block types that we the new third generation Dex and doesn't just provide this

2:05decentralized trading capabilities through cross chain deployment shops but furthermore it brings D stacked layer native you to the more while layer means this technology is supported on all major mobile devices and operating systems and this is like truly the biggest innovation of character and this technology is that you don't rely on like big

2:30infrastructure you know a lot of resources because it's like pretty pretty lightweight the way we built it I mean any first generation Android smartphone and we should be tested on them when I'm speaking about 30 bit smartphones like low-end devices that are supporting this technology right you can use your wallet but atomic Dex wallet which isn't just a multi kind

2:54wallet it is a Dex solution and native deck solution a doesn't support just Komodo tokens and it going based for chains but it also has a big set of ear see token supported cerium right so we didn't close the ecosystem and we just support the technology that we built but we are also supporting technology that other ecosystems provide right that's great this multi coin Dex trading is

3:24seems to be truly revolutionary in the blockchain industry right now because traditionally we have seen decentralized exchanges so far you can easily trade ERC 20 tokens with each other because they're both on aetherium but if i understand it correctly komodo allows you to have any theory employ and trade for a Bitcoin or another coin and have possession of them the whole time

3:50without that counterparty risk of somebody else holding those private keys yet you're crossing a different blockchain is that how it works it's exactly absolutely so just to touch again on these decentralized technology I mean atomic attacks itself is a native cross chain atomic protocol integration means when I trade for example with you that there won't be any middlemen right

4:17any central entity which controls regulates or even handles this transaction between you so it's really full realized its blockchain based and most importantly it's a trustless process and process which I can't scare me you can't scare me the blockchain would enforce specific rules because we do have these specific condition so I don't want to go to the technology itself but the blocker

4:43itself is able to check against specific conditions that you define and if specific conditions right arm at special events are triggered in the case of an atomic swap right which takes place in this decentralized emotion-based manner means I would execute the payment to your direction and as soon as you're basically blockchain layer would confirm and validate this transaction valid and

5:11confirmed it will basically release the phone system to my party right and this is like how we planned lamented it compared to extemporize exchange you will all know control with your private keys right at no point of time that's Komodo or the protocol itself control your funds it's like really hundred percent the control in your hands that sounds truly amazing now one

5:38thing that I'm sure many viewers are curious about is that one problem with decentralized exchange so far has been the user experience and because it is not like centralized like Finance there's not as much support but also there tends to not be as good of a user experience and it tends to be clunky how much has Komodo focused on the user experience and making it easy for

6:01especially people that don't really understand the technicalities of Bitcoin and aetherium to use the atomic to accent to make trades so our initial vision was really to provide a tool to the community to the users to the clients and that is on one hand like really easy to use we always call it grandma friendly right so my grandma should be able to eat you

6:25swap transaction to buy clients with this application and so what we did we had this basic initial vision right what we wanted to achieve and we got in touch with agency that built shape I'm pretty sure you know shapes and this agency IBM built the user interface and user experience for atomic Dex mobile so what you get is a truly simplistic way

6:55of trading I'll just give you like a quick overview on how such a trading experience looks like so us and user you open your wallet you have your list of supported tokens you can activate additional coins add crowns remove points etc in the next step you'll ensure if you have some funds deposited it will be your decentralized wallet and from there on you'll be able to look

7:17into the whole market view now you just tell the app which of your coins do you want to sell how much of these khans do you want to give away and which car do you want to receive in exchange so it's like really simple we have just these three tiny dropdowns you define the client amount what you receive and from their own right the Dex itself will handle the rest it will take

7:43your offer basically and try to match it against an already existing order if this doesn't have no comes the truly amazing part like from my deaf perspective and X will take your binary twist and transform it into a sell order it will turn you a maker as soon as the order doesn't get matched within a specific time frame this means that this so called liquidity issue right it's

8:13already been prevented by this feature because we have like hundreds thousands of user downloading this app you know issuing exchanging swapping a lot of swaps go through for the swaps that don't have a matching order in the network it will become this order so demand becomes offer and this is how we try to solve this liquidity issue that's very interesting well I'm excited to

8:39take a further look into the atomic Dex and it sounds revolutionary in the industry so congratulations on that so far now secondly I also want to touch on smart chains and you guys recently released smart chains under the name antara what are smart chains and how are they revolutionising the blockchain industry okay so Komodo has always been offering this option of the so-called

9:04one time forks right what is a run-time for it's basically a blockchain that you create that based on Komodo so Komodo itself offers like a specific native tool that allows you to provide specific blockchain parameters right how many coins do you want what's the name of your chain do you want approve of State or approve of verb chain and so on right there are thousands if not

9:30hundreds of these different configuration options for the so called smart chains right and smart chains is basically nothing else than a blockchain based off komodo the big big difference compared to other similar platforms and frameworks is that if you create a blockchain with antara that this is the truly independent blockchain let a komodo disappears in five years from now

9:57right for whatever reasons and this doesn't mean that all these block changing projects that built upon komodo will disappear or will basically lose the mothership no you're like completely independent when you built a chain on komodo you basically get your own little controller so even your users will be able to create their own change based on your chain which also gives them a fully

10:22independent interoperable chain that inherits all of Komodos features and functionalities and antara it doesn't just give you the option to create the chain know with free least protocol the entire composer this is a web application built in collaboration cooperation with Amazon Web Services which does in addition to creating your chain it will spin up the whole

10:47blockchain infrastructure in a fully automated way so you get on antara you provide your rope chain parameters in a very handy infant formula you just basically click this launch block chain button and within minutes your blog fingers you get a customized wallet compiled on up on this infrastructure you have your block Explorer being suspended automatically so as you see you get the

11:15full not change suit right it is the infrastructure it is all required and necessary tools to immediately use this blockchain in production environments right and this is the entire composer this is antara right access to native independent blockchains right as it's watching a YouTube video right that sounds again truly revolutionary compared to a theory I'm where you can

11:43just create a smart contract and a coin but you're not creating your own blockchain you're just creating a token on etherium now if I understand correctly with antara there is a coin as well and you can sort of customize the whole blockchain to however you would like absolutely absolutely and again as a format you like so even the users of the clients that utilize this technology

12:04get their own little Komodo platform it's truly you're like fully independent as opposed to etu if you for whatever reason disappears at some point of time but underlying change although your seat owns would have to figure a way to keep their change life probably migrated to an own native platform or something like that but you don't have you would really

12:26depend that's very interesting and other businesses this is live now are there already businesses spinning up block chains and how has it been going since it launched yes so we've launched this a few weeks ago we were already in touch with a couple of businesses before the launch so we already had external parties utilize this technology testing system og as as of now we have around

12:52three life block chains in the network they were spin up in round 2 weeks from the launch but these are real life production chains and we have a couple docents create the chains right which we're not sure about maybe they're like experimental basis right we're not monitoring to deep we're just checking like how many chains get created and what's the underlying utilized

13:15infrastructure and we're very happy seeing this utilization well congratulations on these two implementations they really sound like it's going to help the blockchain industry a lot are you focused on growing antara the smart chains and the atomic Dex and are you focused on any other development updates as well are you looking at new things in the roadmap or

13:38are you sticking to what you're growing these two projects okay so a text mobile and the empower Composer blockchain creations fruit are actually right now in the active metal program and so they are publicly available we have hundreds thousands of tester actually accessing this technology layer and our plans for this year's are improving this technology and exiting the beta stage

14:05right to get into the full production mode and this is plan towards q3 q4 of this year however it's not all that we did we I mean true we do try to add additional tools for example just name two that are actively being developed right now and are part of our movement for this year so we have the so called entire coin cap on Terra coin cap is basically a clone of very similar web

14:33application like you may know current market cap our coin cap shall visualize the growth of the antara and the Komodo ecosystem so it's gonna list all ecosystem projects and all blockchain projects that build upon Chamorro with their market capitalization with specific block parameters etc right this tool is not just a web application it also becomes an API means utilizable for

15:02all ecosystem projects and parties and this also is basically our big vision right we always envision to connect different block chains with each other not just like the technology layers through our interoperability technology but also the communities that developers the knowledge the resources right really build a unified pool of knowledge resources and now comes the

15:27very interesting part right by building upon you immediately natively supported on our atomic Dex decentralized exchange so the entire composer even gives blockchain creators the option with one single click right really just coating the checkmark on the next integration and your chain will be immediately supported in the next network it becomes immediately tradable and you get like

15:51natively integrated into the dance mobile application which is learning lots many many of these utilizing parties like really appreciate them they're happy about that at least tech support and we believe this is like the initial step in order to dues right and get this growth of the ecosystem that we're looking for that sounds great Kayden and are

16:17you guys expanding in any way maybe looking for more developers or partnerships or end users you know what are you guys looking for right now yes we are like steadily continuously hiring right now we have to do positions open just in the tech side I'm just speaking like for the Deaf division we're looking for developers we're looking for testers for support agents we're always looking

16:39for affordable people right and in addition we are also open efficient like partnership collaboration program so our business developers are actively outreaching to the core market capitalist that cryptocurrencies right we're starting collaborating with them we are additionally listing more tokens in the decks and trying to build this standard of Dex's right we believe that

17:07if all external parties wallets decks and apps etc utilize our underlying text technology that we could get to a stage where we all utilize one unified u19 security tool and then we turn this a huge opportunity for marketers that does sound like a huge opportunity that is all the time that we have today Kayden but I really appreciate you coming on it

17:33sounds like comodo is doing some fabulous things in the industry and I'm looking forward to following up in the near future with comodo again on the show so thank you so much for your time thank you so much vegetables a pleasure was very person thank you