Turtlecoin

Contents

Overview of Turtlecoin

  • Turtlecoin roadmap seems promising and what we noticed is that there are features like Karai smart contracts, Mobius fast block with no sync (making blockchain smaller) which are all planned in the future.
  • Turtlecoin is an year old cryptocurrency and even though if it’s an year old; it’s still in its initial stages and there are features like smart contracts which are yet to be implemented.
  • Turtlecoin is a private cryptocurrency based on the CryptoNight algorithm, it was launched in February of 2018 and allows for completely private, anonymous P2P transactions.
  • 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.
  • Turtlecoin price Index provides the latest TRTL price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Turtlecoin offers both GUI (Graphical User Interface) and CLI (Command Line Interface) wallets and both are available for Windows, Mac and Linux.
  • TurtleCoin aims to be a fun, fast, and easy way to send funds between family, friends, and organizations.
  • Turtlecoin در معنای لغوی به معنی سکه لاکپشت است که coin به معنی سکه و Turtle به معنی لاکپشت است.
  • Turtlecoin از Mixins استفاده می کند که کلید خصوصی شما را با کلیدهای دیگر کاربران ترکیب می کند.
  • Turtlecoin یک ارز رمزنگاری شده است که در سال ۲۰۱۷ توسط دو توسعه دهنده راه اندازی شد.
  • Blockchain

    Given the private nature of the Turtlecoin blockchain, these smart contracts will also be private.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.

    Mine

    Network

    As you may or may not know, TurtleCoin was a fork of Bytecoin.Incidentally, TurtleCoin and Monero for the first 3 years shared the same codebase, which came from an old retired version of Bytecoin.The way the privacy works in TurtleCoin and Monero is that if you think of every transaction as a handful of coins and dollars, each coin or dollar is matched up with a handful of others on the network and spent in a way that an observer can’t tell whose coins participated in the transaction, and nobody can scope out your transaction history or balance without being given keys to see it.

    Transactions

    This effectively means that transactions you send on the Turtlecoin will confirm about 10 times faster than transactions on the Bitcoin blockchain.This is particularly relevant today given the backlog that many are experienced with uncomfirmed transactions.

    Q) Faster transactions and pruning? How might these changes apply to applications that are built on TRTL?

    Due to the overzealous use of extra data in transactions in the past and a lack of the fee-per-byte structure we had to implement a maximum to the amount of arbitrary data you could put in each transaction.This was to prevent attacks on the network caused by the propagation of bloated data for the low low price of 0.10 TRTL (the network fee at the time).

    Now What?

    From here, we’re working at solidifying protocol level communications, working on designing the next generation p2p network itself, working on basic structures (transactions, blocks, etc.) and defining some of the inner workings of the actual consensus mechanisms that we’ll be introducing.We’ll provide additional details as they become available.Until then, keep chatting and don’t forget to let us know what you think at http://chat.turtlecoin.

    Q) Do I have to change to the GUI wallet?

    Nope.The core suite software will always include a CLI software wallet implementation.Use of a GUI wallet is optional and up to you.

    How often are deposits scanned?

    On the first cron job run, the plugin runs the /transactions API call to discover any transactions relevant to the wallet.The plugin checks against the user addresses and creates the deposit rows in the DB as needed.The plugin then notes the highest block where a transaction was found.On subsequent cron job runs, the plugin scans the next 1000 blocks after that block height and processes any newer transactions.The plugin will continue, always re-scanning at least the last 1000 blocks loaded.This ensures that recent deposits are re-scanned often and that their confirmation counts are updated.After 24 hours, the process starts again from the beginning of the chain.This ensures reliability, and older transactions are updated in terms of their confirmation counts.

    How are withdrawals executed?

    The wallet uses a simple transaction with the wallet’s default fees and mixin values (/transactions/send/basic API call).Once a withdrawal is executed, it is immediately assigned a TXID from the blockchain.The withdrawal is subsequently updated on each cron job run to reflect changes to the network confirmation count.Once the confirmations are sufficiently high, the withdrawal is marked as done.

    Q) Are you planning to have an audit performed?

    We very likely won’t pay for an audit like other projects and instead are working with volunteers in their respective areas to provide feedback and guidance on our implemenation of the cryptographic primitives used in v2.We are also keeping a close eye on the audits performed on other implemenations that may provide insight or changes in how we have implemented the cryptographic concepts.

    Is turtlecoin-crypto popular?

    The npm package turtlecoin-crypto receives a total of
    34 weekly downloads.As such,
    turtlecoin-crypto popularity was classified as

    limited.Visit the
    popularity section
    on Snyk Advisor to see the full health analysis.

    How much TRTL will I earn per day?

    To figure this out, you would go https://www.coincalculators.io/coin.aspx?crypto=turtlecoin-mining-calculator The calculator does provide a rough estimate, so you may get paid a higher or lower amount than what the calculator actually says.

    Q) So the total supply will be 10,000,000 TRTL in v2?

    Not quite.The relation to 10M TRTL in v2 was to give people an idea of what the reduction via the swap will look like.In actuality, there is no cap to the total supply in v2.Hold on, put down the pitchfork, we’ll explain.

    GT 1030 hashrate?

    Hi trtl miners.I'm new here.

    Q) Do I have to do anything with my wallet(s) right now?

    Find your seed phrase, and write it down.The swap period won’t start until block 4,000,000 but when it happens you’ll want quick access to your coins, including any time to sync.

    Q) How will the v1 to v2 transition work exactly? What happens to my current coins?

    The transition period will last 1,000,000 blocks (or about a year), during that time you will use a website to generate an address unique to you where you can send your old coins, and you’ll be able to specify your new wallet address to receive your new coins.If you do nothing, your coins will eventually be burned after the swap has concluded.

    How do I buy TurtleCoin?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including TurtleCoin.

    How do I mine TurtleCoin?

    TurtleCoin can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a TurtleCoin and access to a mining pool that pools your effort with other miners and a wallet to store the TurtleCoin that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

    Q) Can I still mine TRTL once the v2 swap period has begun until the v1 chain stops?

    Yes, the v1 chain will remain mineable for about 1,000,000 blocks once the swap period starts.Mining will end completely on the v1 chain by block 5,000,000 as the chain will end.The v1 chain will remain mineable until that block to facilitate the transfer of v1 funds to the burn address provided via the swap site so that you can receive your v2 funds.

    Q) How will the v1 to v2 transition work exactly? What happens to my current coins?

    The transition period will last 1,000,000 blocks (or about a year), during that time you will use a website to generate an address unique to you where you can send your old coins, and you’ll be able to specify your new wallet address to receive your new coins.If you do nothing, your coins will eventually be burned after the swap has concluded.

    Q) What is it good for? What is it’s utility?

    TurtleCoin aims to be a fun, fast, and easy way to send funds between family, friends, and organizations.That’s the primary driving force behind the project – beyond that, it’s basically a choose your own adventure story.

    Q) Are you planning to have an audit performed?

    We very likely won’t pay for an audit like other projects and instead are working with volunteers in their respective areas to provide feedback and guidance on our implemenation of the cryptographic primitives used in v2.We are also keeping a close eye on the audits performed on other implemenations that may provide insight or changes in how we have implemented the cryptographic concepts.

    Q) I have v1 coins on “X” exchange and they are down for maintenance – can you advise when this will be fixed?

    Ask that exchange why they haven’t jumped in the chat through matrix or discord and asked for help.We are happy to help with engineering questions, always.

    Q) Are you going to get TRTL listed on more/bigger exchanges?

    As developers, we focus on code and the reliability of the network.If the community finds an exchange that wants to list us, we are happy to assist them with engineering-level questions they may have about implementing TRTL, but other than that, we don’t go endorsing exchanges, engaging in partnerships, or paying for listings.

    Q) Are you going to get TRTL listed on more/bigger exchanges?

    As developers, we focus on code and the reliability of the network.If the community finds an exchange that wants to list us, we are happy to assist them with engineering-level questions they may have about implementing TRTL, but other than that, we don’t go endorsing exchanges, engaging in partnerships, or paying for listings.

    Q) Can I still mine TRTL once the v2 swap period has begun until the v1 chain stops?

    Yes, the v1 chain will remain mineable for about 1,000,000 blocks once the swap period starts.Mining will end completely on the v1 chain by block 5,000,000 as the chain will end.The v1 chain will remain mineable until that block to facilitate the transfer of v1 funds to the burn address provided via the swap site so that you can receive your v2 funds.

    Q) Do I have to change to the GUI wallet?

    Nope.The core suite software will always include a CLI software wallet implementation.Use of a GUI wallet is optional and up to you.

    What is TurtleCoin and why do I care?

    Some weeks ago I stumbled across TurtleCoin, while researching new cryptocurrencies to mine, on cryptunit.com.

    Q) What will be the actual fee per byte (KB or MB)?

    As it stands today, each chunk of 256 bytes (0.25KB), rounded up, will cost 0.01 TRTL; however, the first 10 chunks (2,560 bytes — 2KB) are included in the base network fee of 0.01 (to permit the majority of “normal” transactions to enjoy the minimum network transaction fee).This means that if your transaction is 2,561 bytes the network transaction fee will be 0.02 TRTL (before any PoW discounts) and a transaction of 2,000 bytes will be 0.01.

    How can I connect to another fork of TurtleCoin?

    A quick way to add a new coin adapter, is to edit the file assets/coins.csv.Add a row with the details of your coin.

    Q) What is TurtleCoin® v2?

    Put simply, v2 is the next generation of the the TurtleCoin® project.Out with the old and in with the new as they say.The v1 network served us well, but as time has passed we want to do more, and to do that best, we need a clean slate.By starting a new network from scratch, we are able to make much bigger improvements without worrying about being backwards compatible with previous history.

    Q) What are the biggest enhancements or benefits of v2 that we can look forward to?

    All of these changes allow the network to be even more stable, fast, and easy to transact with.The chain will be smaller, faster, and easier to sync than v1.The network will move faster, transactions will move faster, and we’ll see significantly lower transaction fees.

    Q) Faster transactions and pruning? How might these changes apply to applications that are built on TRTL?

    Due to the overzealous use of extra data in transactions in the past and a lack of the fee-per-byte structure we had to implement a maximum to the amount of arbitrary data you could put in each transaction.This was to prevent attacks on the network caused by the propagation of bloated data for the low low price of 0.10 TRTL (the network fee at the time).

    Is turtlecoin-crypto well maintained?

    We found indications that turtlecoin-crypto maintenance is
    sustainable demonstrating some project activity.We saw a total of 6 open source contributors
    collaborating on the project.See the full
    package health analysis
    to learn more about the package maintenance status.

    Q) Does DPoS mean that TRTL is becoming a governance token?

    TRTL isn’t a token.It’s a currency, an asset, a network, not a token riding on another chain.

    Q) If I have 1,000,000 coins in v1, how many coins will I have in v2?

    The swap will be at a rate of 100,000:1 meaning for every 1,000 v1 TRTL you send in via the swap service, you will receive 0.01 v2 TRTL.

    Q) What will be the minimum amount required to stake?

    We haven’t settled on the required amount to propose a new candidate node into the network just yet.While we want anyone to be able to run a candidate node in v2 we have to make sure that there is sufficient “skin in the game” to ensure the success of the network.You’ll be required to “lock up” your stake to be a candidate node for a minimum amount of time.

    Q) Do I have to do anything with my wallet(s) right now?

    Find your seed phrase, and write it down.The swap period won’t start until block 4,000,000 but when it happens you’ll want quick access to your coins, including any time to sync.

    Q) What will be the ticker for TurtleCoin® v2?

    v2 will completely replace the v1 chain and v1 will be retired.The ticker will remain TRTL.

    Q) I have v1 coins on “X” exchange and they are down for maintenance – can you advise when this will be fixed?

    Ask that exchange why they haven’t jumped in the chat through matrix or discord and asked for help.We are happy to help with engineering questions, always.

    Q) When will v2 be released?

    We’re aiming for before block 4,000,000 of the v1 chain.The actual date is fuzzy at this time but as we get closer to a release date more information will be made available.

    Q) How will you ensure that network fees remain reasonable with only two decimal places?

    The minimum network fees for transactions will be 0.01 TRTL.That’s the minimum amount that a fee can be without being 0 (free).Beyond that, we have ran the numbers to ensure that the majority of transactions fall within the range of the minimum network transaction fee (0.01).This is driven by the mechanics behind the fee-per-byte mechanism that calculates the required network transaction fee.Given that we know how large each part of a transaction is (in bytes) and how big signatures, proofs, etc.are we are able to arrive at a reasonable base chunk size that accounts for the majority of “normal” transactions.

    Q) What will be the minimum amount required to stake?

    We haven’t settled on the required amount to propose a new candidate node into the network just yet.While we want anyone to be able to run a candidate node in v2 we have to make sure that there is sufficient “skin in the game” to ensure the success of the network.You’ll be required to “lock up” your stake to be a candidate node for a minimum amount of time.

    What is Turtlecoin?

    While there are many projects in crypto space with no real product but with lots of pre mine and tons of funding, the developers of Turtle coin decided to do it the opposite way.The goal is to launch a project that is simple, easy to use and let it grow all on its own without much funding or marketing strategy.That’s how it all started.Turtlecoin was started as a fun project.Being in this space you might have stumbled upon many cryptocurrencies that are meme based and Turtlecoin is one of them.It all started as a “Meme” coin.But currently Turtlecoin has strong community, cool products and a number of features that makes it much more than a meme coin.

    What is the value of TurtleCoin?

    One TurtleCoin (TRTL) is currently worth $0.00 on major cryptocurrency exchanges.You can also exchange one TurtleCoin for 0.00000001 bitcoin(s) on major exchanges.The value (or market capitalization) of all available TurtleCoin in U.S.dollars is $35.46 million.

    Is turtlecoin-crypto safe to use?

    The npm package turtlecoin-crypto was scanned for
    known vulnerabilities and missing license, and no issues were
    found.Thus the package was deemed as
    safe to use.See the full
    health analysis review.

    TurtleCoin fork: how to define addresses prefix for miner?

    I forked TurtleCoin and customized some config including addresses pefix.I compiled it on Windows using Visual Studio.Wallet and daemon work fine but miner do not work.

    Q) What is TurtleCoin® v2?

    Put simply, v2 is the next generation of the the TurtleCoin® project.Out with the old and in with the new as they say.The v1 network served us well, but as time has passed we want to do more, and to do that best, we need a clean slate.By starting a new network from scratch, we are able to make much bigger improvements without worrying about being backwards compatible with previous history.

    What is turtlecoin-crypto?

    Node C++ Addon for TurtleCoin Cryptographic Functions.Visit Snyk Advisor to see a
    full health score report
    for turtlecoin-crypto, including popularity, security, maintenance
    & community analysis.

    Q) How will you ensure that network fees remain reasonable with only two decimal places?

    The minimum network fees for transactions will be 0.01 TRTL.That’s the minimum amount that a fee can be without being 0 (free).Beyond that, we have ran the numbers to ensure that the majority of transactions fall within the range of the minimum network transaction fee (0.01).This is driven by the mechanics behind the fee-per-byte mechanism that calculates the required network transaction fee.Given that we know how large each part of a transaction is (in bytes) and how big signatures, proofs, etc.are we are able to arrive at a reasonable base chunk size that accounts for the majority of “normal” transactions.

    Q) Why will v2 only have two decimals?

    Two decimals works at this point and helps keep dust in check.More than two decimals is confusing in many ways and makes it very hard to understand how much you are really sending in a transaction.

    Q) What is the website we need to use for converting v1 coins to v2 coins?

    The website has not been launched yet and the URL is to be determined.

    Where can I get TurtleCoin wallet?

    TurtleCoin produces its own wallet software that is available for download on its website, which allows you to store TurtleCoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Q) Does DPoS mean that TRTL is becoming a governance token?

    TRTL isn’t a token.It’s a currency, an asset, a network, not a token riding on another chain.

    What is the Reddit page for TurtleCoin?

    The official Reddit community (subreddit) for TurtleCoin is r/TRTL.

    Q) What are you doing about marketing efforts?

    While we’re trying to be more active on social media platforms like Twitter, Reddit, and countless other mediums but it’s largely a volunteer driven effort with it’s focus on getting the word out about v2.If you’ve got an idea join the discussion and maybe others will help you drive an effort.

    Q) Is TurtleCoin® v2 focused on privacy?

    Privacy is a beneficial side effect of some of the technologies that will be used such as Arcturus, Bulletproofs+, and Pedersen Commitments though it isn’t a specific goal we had from the beginning.All of these technologies are being adopted to reduce transaction sizes, speed up transaction verifications, and reduce network overhead thereby allowing for a much high transaction volume through the network.Those improvements happen to come with the bonus of a high level of privacy.

    Q) Where is the v2 whitepaper?

    We gave ourselves a short deadline to come up with v2 software, so for now we are focusing on writing that first, with a whitepaper coming soon after.

    Q) Should I buy v1 coins before the swap?

    Buy comfy sweatpants, ice cream, and maybe some whiteclaw.That’s the best advice we can give.

    Q) What will be the ticker for TurtleCoin® v2?

    v2 will completely replace the v1 chain and v1 will be retired.The ticker will remain TRTL.

    Q) Is TurtleCoin® v2 focused on privacy?

    Privacy is a beneficial side effect of some of the technologies that will be used such as Arcturus, Bulletproofs+, and Pedersen Commitments though it isn’t a specific goal we had from the beginning.All of these technologies are being adopted to reduce transaction sizes, speed up transaction verifications, and reduce network overhead thereby allowing for a much high transaction volume through the network.Those improvements happen to come with the bonus of a high level of privacy.

    Q) Will you re-evaluate the conversion (swap) rate if the value of TurtleCoin v1 climbs?

    Nope, sorry, ain’t gonna happen, no.We have said it before and we will say it again.The swap rate is based on nothing but technical/engineering details and the impact of such on chain growth and bloat.It has nothing to do with “value”, “profit”, “gains”, and etc.If you have technical/engineering reasoning on why you think a different swap rate makes more sense, let us know.

    Q) If I have 1,000,000 coins in v1, how many coins will I have in v2?

    The swap will be at a rate of 100,000:1 meaning for every 1,000 v1 TRTL you send in via the swap service, you will receive 0.01 v2 TRTL.

    Q) What is the website we need to use for converting v1 coins to v2 coins?

    The website has not been launched yet and the URL is to be determined.

    Q) Should I buy v1 coins before the swap?

    Buy comfy sweatpants, ice cream, and maybe some whiteclaw.That’s the best advice we can give.

    Q) Where is the v2 whitepaper?

    We gave ourselves a short deadline to come up with v2 software, so for now we are focusing on writing that first, with a whitepaper coming soon after.

    Q) What will be the actual fee per byte (KB or MB)?

    As it stands today, each chunk of 256 bytes (0.25KB), rounded up, will cost 0.01 TRTL; however, the first 10 chunks (2,560 bytes — 2KB) are included in the base network fee of 0.01 (to permit the majority of “normal” transactions to enjoy the minimum network transaction fee).This means that if your transaction is 2,561 bytes the network transaction fee will be 0.02 TRTL (before any PoW discounts) and a transaction of 2,000 bytes will be 0.01.

    Q) Why will v2 only have two decimals?

    Two decimals works at this point and helps keep dust in check.More than two decimals is confusing in many ways and makes it very hard to understand how much you are really sending in a transaction.

    Q) So the total supply will be 10,000,000 TRTL in v2?

    Not quite.The relation to 10M TRTL in v2 was to give people an idea of what the reduction via the swap will look like.In actuality, there is no cap to the total supply in v2.Hold on, put down the pitchfork, we’ll explain.

    What coins are similar to TurtleCoin?

    The following coins use TurtleCoin’s
    Cryptonight
    algorithm and proof of work (PoW) proof-type: Electroneum, Beldex, uPlexa, Qwertycoin, ZumCoin, Xeonbit, CROAT, Citadel, BitcoiNote, Newton Coin Project, Niobio Cash and FRED Energy.

    Q) Will you re-evaluate the conversion (swap) rate if the value of TurtleCoin v1 climbs?

    Nope, sorry, ain’t gonna happen, no.We have said it before and we will say it again.The swap rate is based on nothing but technical/engineering details and the impact of such on chain growth and bloat.It has nothing to do with “value”, “profit”, “gains”, and etc.If you have technical/engineering reasoning on why you think a different swap rate makes more sense, let us know.

    Q) What are the biggest enhancements or benefits of v2 that we can look forward to?

    All of these changes allow the network to be even more stable, fast, and easy to transact with.The chain will be smaller, faster, and easier to sync than v1.The network will move faster, transactions will move faster, and we’ll see significantly lower transaction fees.

    TurtleCoin fork: how to define addresses prefix for miner?

    I forked TurtleCoin and customized some config including addresses pefix.I compiled it on Windows using Visual Studio.Wallet and daemon work fine but miner do not work.

    What are we doing differently?

    Obviously, the starting block is, No premine, No shenanigans.  We hate it when other coins have done it, and we simply don’t agree with that philosophy as it just promotes a coin getting listed as quickly as possible, so people can cash out.  Our motto is very much slow and steady.

    What hashing algorithm does TurtleCoin use?

    TurtleCoin is a proof of work (PoW) coin that uses the
    Cryptonight
    algorithm.

    Q) What are you doing about marketing efforts?

    While we’re trying to be more active on social media platforms like Twitter, Reddit, and countless other mediums but it’s largely a volunteer driven effort with it’s focus on getting the word out about v2.If you’ve got an idea join the discussion and maybe others will help you drive an effort.

    What is TurtleCoin?

    TurtleCoin is a PoW cryptocurrency based on the CryptoNight algorithm.It is a community-focused cryptocurrency which follows three simple tenets: Fast, Easy, Safe.

    Q) What is it good for? What is it’s utility?

    TurtleCoin aims to be a fun, fast, and easy way to send funds between family, friends, and organizations.That’s the primary driving force behind the project – beyond that, it’s basically a choose your own adventure story.

    Q) When will v2 be released?

    We’re aiming for before block 4,000,000 of the v1 chain.The actual date is fuzzy at this time but as we get closer to a release date more information will be made available.

    What is Turtlecoin?

    Turtlecoin is a cryptocurrency that was started less than a year ago by two developers.According to the tale of the founding, the two were in a bar and were discussing the plethora of fake ICOs and shitcoins in the market.

    History of Turtlecoin