TurtleCoin (TRTL)

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According to the tale of the founding, published on their website, the two were in a bar and were discussing the plethora of fake ICOs and scams in the market.

Joke Name

TurtleCoin = Community Coin

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (TRTL)

Coin or Token

Circulating Supply (34 billion)

Total Supply (1 Trillion)

Market Cap Ranking

Review

Turtlecoin is a cryptocurrency that was started in 2017 by two developers. According to the tale of the founding, published on their website, the two were in a bar and were discussing the plethora of fake ICOs and scams in the market. The developers, called Bebop and Rocksteady wanted to start a project that was focused on technology and community development. A project that did not require a large pre-mine, ICO, or marketing budget.

Key Features:

  • Protocol and Privacy
  • Karai Smart Contracts
  • Mobius Fast Blocks with no sync

Protocol and Privacy

TurtleCoin is creating blocks every 30 seconds, as opposed to every 10 minutes. Transactions are processed 20x faster on TurtleCoin than Bitcoin or BCH. Given that Turtlecoin uses the CryptoNight hashing algorithm, it has a lot of the same privacy features as Monero (XMR), one of the foremost privacy coins. Every transaction that you send is private. Turtlecoin utilizes Mixins, which will mix your private key with those of other users. This Mixin is based on a concept called Borromean Ring Signatures which was developed by Blockstream. TurtleCoin comes with its own basic CPU miner, but you can also use any Monero mining software you’re used to if you’d rather use GPU’s or mining pools. The Turtlecoin dev’s recommend XMR-Stak Unified Miner.

Karai Smart Contracts

The Turtlecoin team are currently in the process of developing their Karai smart contracts. This will allow the Turtlecoin network to be used as a platform for the development of distributed applications, making it possible for Turtlecoin to start competing with many of the smart contract blockchains such as Ethereum, NEO and the like. Given the private nature of the Turtlecoin blockchain, these smart contracts will also be private.

Mobius Fast Blocks with No Sync

In order to run full nodes on PoW chains, one has to go through the lengthy process of syncing the entire chain. This is especially true for coins that have faster block times such as Turtlecoin.

Something that the Turtlecoin developers would like to introduce are fast blocks that require no sync. These will be called “Mobius” and will produce faster blocks on a shorter chain. This could greatly reduce the side effects of an unwieldy blockchain.

Problems:

The overall vibe of the Turtlecoin comes off as a joke, so it definitely isn’t for people looking for a serious investment. Its only redeeming features aren’t yet implemented and are still in development, and even with those features it still gets outclassed by many other projects in the sector. Furthermore, the developers are anonymous and we don’t have any significant information about them.

Conclusion:

All in all, Turtlecoin is a community-focused coin, not tailored towards investors who are looking for a serious company or project to invest their money into. The features of the coin itself are overall lackluster and offer nothing new or revolutionary.

Pros

  • Community-focused

Cons

  • No direct backing (asset, profits, commodity)
  • Joke coin