March 9, 2018
by Sharon Moran
New digital currencies and related cryptoassets are entering the crypto space every day. There is a recently launched cryptocurrency that is too good to pass over. Turtle Coin was launched on December 9, 2017. TurtleCoin offers something unprecedented in cryptocurrencies: a 30 second block time, which enables faster transaction confirmation.
It is privacy coin based on Bytecoin. And the story of how TurtleCoin got started sets them miles apart from their competitors. Read on.
Taken from their website, “Too many projects are bringing in too much funding despite most having no damn product. We figured, “why not do the whole thing in reverse? Start with a fun project, make it as simple and accessible as possible, and let it grow on its own.” We have a strong belief in our no-funding strategy; if we make a cool product, the value will create itself.”
It’s surprising how fast TurtleCoin is growing. They already have over 8k people on their Discord channel (and growing!), and their community is active and helpful.
At this point in their development, an accurate categorization of TurtleCoin is that they’re the “Linux of Crypto.” Their future roadmap includes a TurtlePay Network with tap-and-earn capability and Karai for enabling Dapps and smart contracts.
In an interview with Brian from Cryptocurrency Virtual Summit, RockSteady, the creator of TurtleCoin said that the development team is modifying their algorithm to make ASIC-mining rigs less effective. This focus is the result of a hardware manufacturer’s release of an ASIC mining rig customized for mining Monero. They don’t want to give anyone an unfair advantage.
TurtleCoin is certainly entering a saturated privacy coin space. (Monero has a scheduled fork in mid-March. The resulting MoneroV will reduce ASIC effectiveness but represents another fork in an increasingly crowded subset.) But long term, they have the potential to disrupt the entire cryptosphere and emerge as the #1 community-driven cryptocurrency.
This is likely going to be a case of slow and steady wins the race.