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CoinEx Institution: Like A Turtle Sticking Out Its Neck and Moving Forward, Geeks’ TRTL Makes Progress Step by Step

2021-04-14 08:19:00

The birth of Turtle Coin

There is a story about the birth of Turtle Coin in the crypto world:

On a chilly night in December one year, encryption enthusiasts RockSteady and Bebop were drinking and chatting outside. After a few drinks, they were slightly drunk. They complained that the world was filled with counterfeit products incapable of development. Bebop held that many crypto projects had raised a lot of funds without concrete products. Without a dedicated team, serious marketing, and formal funding sources, it is impossible to build a useful blockchain project.

Fingering his beard, RockSteady looked at Bebop seriously. He had only one thought: “Take my beer, and I will create the world you desire!”

So on the night of December 9, 2017, Turtle Coin was born. Unlike the countless counterparts in the blockchain field, Bebop and RockSteady decided to go the other way and created an interesting project — one that can grow on its own with no fundraising and no pre-mining. They believe a product can be cool enough to create value on its own and be vitalized by the community. Such an original intention is reminiscent of that behind Ethereum and Apple.

What is Turtle Coin?

Now let’s talk about the legendary Turtle Coin.

Turtle Coin (TRTL) is a branch of the Monero anonymous currency. It aims to create a faster, easier-to-use and community-driven product that protects privacy. Despite its birth in 2017, Turtle Coin and other fair and community-driven tokens were not favored until 2019, and the TRTL community has gradually gained fame by virtue of its vigor and rapid development progress.

At first, Turtle Coin was a proof-of-work (POW) cryptocurrency based on the encryption algorithm CryptoNight V1, and then was upgraded to CryptoNight Turtle V2; later, for fairer mining, the algorithm was again upgraded to Chukwa, a new algorithm suitable for CPU mining which is based on the Argon2id password hashing algorithm.

The technical code of Turtle Coin is original. Like BTC and LTC, Turtle Coin is a 100% community-driven project, of which developers are all volunteers who receive no salaries but some rewards from community donations. It is anonymous, low-key, and committed to fairness, without fundraising or pre-mining, as expected by its founders at the very beginning. Anyone who discusses the token price will be removed from the community. That comes as a proof of the geeks’ original intention to fight against capital. Committed to its route of a community-driven token and technological background of anonymous tokens, Turtle Coin is also hailed as the combination of Monroe and Doge by insiders.

Interestingly, the name of Turtle Coin is said to derive from a proverb — a clever mouse once said: only by sticking out their necks, turtles can move steadily forward.

Anonymity makes the Turtle Coin team quite mysterious. The team members did not show up in public even in interviews (it is said on the internet that all developers are bearded). Without capital sources, founders of the project started mining Bitcoin in 2011. (Or they may have already achieved freedom of wealth, who knows?)

Turtle Coin generates a block every 30 seconds, 20 times faster than BTC and BCH, both of which generate a block every 10 minutes. At the same time, it safeguards privacy just like Monero and is even equipped with the CPU mining program.

In addition, this project has already had the entire blockchain developed, and the client, wallet, token transaction, and payment software have all been released; it boasts abundant application scenarios and obvious advantages in democratic decision-making, community support, in-game payment, and daily tipping in particular. In terms of community building, it has multiple roles available for selection, such as miners, traders, contributors, and developers. In this ecosystem, whenever there is a major decision to be made, all Turtle Coin holders have the right to suggest and vote to determine the future development direction.

Turtle Coin was originally a fantasy of two men, but as many joined in and had confidence in this project, it began to flourish and gain momentum. Since this project came to the spotlight in 2019, its promotion was all plain sailing in Europe and America. Especially in the United States, many people use Turtle Coins to pay tips every day, and enthusiastic users even upload the peripheral products they make on Twitter, such as T-shirts, comics, and jokes.

In 2021, Turtle Coin has once again hit the headline in the industry, making itself known by more. At present, miners in major regions of the world are busy mining Turtle Coins, sending its price soaring. As Dogecoin embraces another boom recently, can the emerging project be the next one to take off? Stay tuned. 

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