Turtle coin block reward

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Legacy zedwallet is no longer supported. If you're having problems with legacy zedwalletyou're on your own. Please note that v0. Releases after 0.

In preparation for this EOL, please work to implement wallet-api in your application sperform testing, and report any issues that you encounter so that they may be resolved as quickly as possible. Please pay attention to release notes for further information regarding turtle-service EOS. Visit the checkpoints how to use site for simple to follow directions on using checkpoints.

See the TurtleCoin Release page for the full change history.

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This release contains a network consensus update at block 2, that activates the following consensus rules:. To be very clear, turtle-service can only open wallets created with turtle-service as of this release. All other API methods have been removed. Please make sure you are always using the latest version of your favorite wallet software.

Please note, the build directions and project dependencies have changed. Due to the static mixin size requirement of 3 mixins and thus a ring size of 4it is impossible to have enough mixins available to spend an output larger than billion TRTL. This release is last release to contain legacy zedwallet. Any releases of the core suite after v0.

Please make sure that you have backed up your keys from legacy wallets, upgraded them to the new format by using zedwallet-beta, wallet-api, or wallet-upgrader and that you can access your wallets using the above tools.

Turtlecoin (TRTL) Review: Fast, Private and Easy to Mine

Clarification : turtle-service is not being deprecated as part of this process. It will still be available until further notice specifically regarding that binary. Support will be provided for legacy zedwallet through December 31, After that date, legacy zedwallet will no longer be supported.

The fixes are necessary for the proper operation of TurtleCoind ; however, the fix may reveal data corruption in your local copy of the blockchain both the database and underlying local cache. Unfortunately, the only way to resolve the data corruption is purge the corrupted data and resync from that point or perform a full resync. If you encounter a message stating that your local blockchain cache is corrupted, please try the directions given be patient, it may take a while.Earlier this month, TurtleCoin celebrated its two year anniversary of starting the project.

The community and project have come a long way in the last 24 months and we are all proud of what we, as a community, have accomplished during that time.

turtle coin block reward

From multiple PoW algorithm changes, difficulty calculation changes, and a move to static mixins, each change was evaluated and adopted by the community with excitement and hopes for the future health of the network. These pleas have not fallen on deaf ears and the result of those requests include a culmination of upcoming changes to the network and software with the next release of the TurtleCoin core suite.

We are very excited about these changes and believe they are important for everyone to understand. We announced in the v0. This statement still holds true and the code for that old version of zedwallet has been removed from the project. We also announced in the latest release, that support would end for legacy zedwallet December 31, Again, the old code has been removed, lost, buried, and forgotten about at this point.

Simple: portability, maintainability, and scalability. Legacy zedwallet also turtle-service based on WalletGreen creates wallets using a very unfriendly internal wallet schema that makes it very difficult to work with in different languages, platforms, and etc. This change is designed to help services in being able to quickly restore subwallet in the event that they lose any subwallet keys.

Instead of generating new random spend keys for each new wallet created in a single container, new wallets in the same container are now derived from the primary wallet address.

turtle coin block reward

Making subwallet private spend key generation deterministic allows for the restoration of any subwallet by just maintaining its index position in the wallet container. No more need to store all those extra keys! This is a major improvement for the teams in the community that handle subwallet addresses and users who use subwallet for a variety of purposes. Zpalmtree has worked tirelessly to implement process threading into the core daemon for the RPC interface.

This helps keep the RPC interface responsive during heavy load and greatly reduces the impact to the network when the transaction pool gets hit with an influx of transactions. This change will help minimize the effects of heavy load on the network and improve the overall stability of node operations.

Zpalmtree also added support for threading of the input validation routines for new transactions entering the network. This allows inputs to be validated in parallel and thus drops the transaction validation time considerably. In doing so, transactions enter the network, are propagated across the network, and are ultimately included in blocks faster. How the transaction pool is managed by the core software has been changed recently to help decrease the effects of transaction spam, chain bloating, and other less than helpful actions on the network.

We quickly noticed some less than friendly transaction activity taking advantage of our 30 second block times, low network transaction fees, and our good nature as turtles to bloat the chain with low-cost and free transactions that consisted of only breaking apart their funds into shells and recombining them into whole TRTL over and over again.

As always, miners will prefer transactions with higher fees, size, and other metrics to move transactions through the network faster. All other fusion transactions will be rejected until there is room in the transaction pool for more. We have a few consensus changes coming at block 2, to help improve the stability of the network.

These changes are designed to be as transparent as possible but some will reach out and hit you in the face. Events unfolding over the last few months solidified in our minds the fact that some people just want to see the world burn and as a community, we must take precautionary steps to ensure the longevity of the project.

Why apply a maximum you may ask?As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced approximately every 10 minutes.

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When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After everyblocks are mined approximately every 4 yearsthe block reward halves and will keep on halving until the block reward per block becomes 0 approximately by year As of now, the block reward is Bitcoin was designed as a deflationary currency. Like gold, the premise is that over time, the issuance of bitcoins will decrease and thus become scarcer over time.

As bitcoins become scarcer and if demand for them increases over time, Bitcoin can be used as a hedge against inflation as the price, guided by price equilibrium is bound to increase. On the flip side, fiat currencies like the US dollarinflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now and you'll notice that they've increased over time!

This is helpful to understand what the current inflation rate of Bitcoin is, what the future inflation rate will be at a specific point in time, how many Bitcoins are in circulation and how many remain left to be mined. The network itself controls the issuance of Bitcoins, derived by consensus through all Bitcoin participants.

Ever since Bitcoin was first designed, the following consensus rules exist to this day: 21, Bitcoins to ever be produced Target of minute block intervals Halving event occurring everyblocks approximately every 4 years Block reward which starts at 50 and halves continually every halving event until it reaches 0 approximately by year Any change to these parameters requires all Bitcoin participants to agree by consensus to approve the change.

The first halving event occurred on the 29th of November, at block heightThe second halving event occurred on the 10th of July, at block heightIt is always a debate on what Bitcoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectation for the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for Bitcoins is equal or greater than what it was before the halving event.

Below is a chart showing past price performance of the two halving events:. Bitcoin Block Reward Halving Countdown.

Litecoin Block Halving Countdown.Welcome everyone, thanks for tuning in. If you enjoy this article, please remember to drop by the TurtleCoin discord chat and let us know, and be sure to thank AngryWasp in the Nerva channel too for answering all of these questions!

TurtleCoin is Fast

To me, the main problems with the growing use of crypto were environmental sustainability, the ever increasing network hashrates, increasing centralization of hash power, and fragility of networks due to pool mining diminishing the node count in networks.

On top of that, we have the ever increasing commercialization of crypto, where multi billion dollar companies are emerging to feed this newly created beast. Environmental Sustainability: E-waste has in very recent times become a major global concern as a source of pollution and adverse health effects in humans and wildlife.

From the mining of heavy metals such as copper, to PCB and component manufacturing processes, to device assembly, pollution is present. Furthermore, the incorrect disposal of electronics results in heavy metal contamination to local environments and adverse health effects to the wildlife in these environments, as well as adverse health effects on the people responsible for the production and disposal of electronics.

Furthermore, scaling up hashing power in a CPU mined coin is more expensive, creating a financial disincentive for users to buy hardware specifically to mine NERVA, further mitigating the impact of E-waste on the environment. Anyone looking at the evolution of crypto mining over the last few years will have noticed an explosion in the amount of hardware being used for mining. This is creating an endless cycle of buying more hashpower to compete with other miners for coins.

Besides the E-Waste considerations previously discussed, we are seeing an explosion in the amount of electricity being used to power these networks. It is estimated that Bitcoin for example uses more electricity than the entire Republic of Ireland.

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That is far from sustainable. NERVA is intended to be mined on the spare cores of your computer. I am mining blocks right now while writing this, with only a minimal increase in the amount of electricity being used by a computer that would otherwise already be running anyway.

Decentralization: Centralization is a major concern for all coins and the consequences are many. This results in increased transaction times and difficulty in making transactions, causing a loss of reputation to the coin and frustration to end users. Centralization of hash power also causes the concentration of coin distribution. The vast majority of Cryptonight ASICs are operated by only a few companies in the business of making these devices.

As a result, coins mined by ASICs are funneling the vast majority of their block rewards to only a small group of people, effectively centralizing price and distribution control and promoting cartel like behavior among these individuals. Distributed hashrate also has the added advantage of more equitable coin distribution creating a fairer system for all participants.

The spirit of Satoshi: It is worth remembering why crypto was developed in the first place. The driving force was to create a currency that could be used by anyone, anywhere, anytime. Across borders, free from taxes, government regulation and monetary policy. Here in Australia, we are currently having a royal commission into the unethical behavior of major banks and financial services.

What people have been thinking all along, that banks are deceiving and stealing from the public, has been proven to be true, so we need something else as a society. We need a way to transact with each other that bypasses the greed and corruption of the banking sector, and a way to manage our own money that no government or corporation can lay their hands on. Somewhere along the way, that vision was lost. Again, corrupted by greed and held at the mercy of an elite few. Hijacking blockchains, stealing coins and controlling their price and distribution through excessive hash rates, well beyond what the average person is capable of.

Once again, we have a select few corporations making massive profits acting in unethical ways to deceive and steal from the public.

turtle coin block reward

With NERVA, our aim is to take back control and show that a coin is successful if it is owned by everyone. A coin dedicated to existing in the same spirit which crypto was developed in the first place. Finally, there is some conventional wisdom NERVA aims to challenge and some lingering questions regarding the longevity of crypto that need to be answered if crypto is to have any future at all.In this review of Turtlecoin, we will take a look at one of the most interesting community driven cryptocurrency projects currently around.

Turtlecoin is a microcap cryptocurrency that is fully private, fast and easy to use. So, what is Turtlecoin exactly and should you consider it? In this complete review, we will take an in-depth look into the project and will give you what you need to know.

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.

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. The project was officially started on the 7th of December The developers who got involved with the project from the initial stages were doing it merely as a hobby and were not getting paid.

Moreover, the coin was launched without a whitepaper and still does not have one to this day. What is most important about this project is the work that has gone into the technology. Lets take a look at some of this. This is because of a number of specific technicalities with Turtlecoin. Turtlecoin has a block time of only 30 seconds. This is much lower than the Bitcoin block time of 10 minutes. This means that transactions will confirm much more quickly than on the established chains.

Turtlecoin (TRTL) Review: Fast, Private and Easy to Mine

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. Given that Turtlecoin uses the CryptoNight hashing algorithm, it has a lot of the same privacy features as Monero XMRone of the foremost privacy coins. Every transaction that you send is private.

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This is because Turtlecoin makes use of 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. Previously, you could choose 0 mixins if you did not mind your transaction to be public.GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together.

If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. If nothing happens, download the GitHub extension for Visual Studio and try again. We are a community of people across the world giving our time to make this software better.

There are many ways you can help or join us:. For anyone else wishing to help the community or who needs answers to questions not covered in this document, join us in our Discord Chat here. Master Development. To use TurtleCoin, you'll need a way to connect to the network, and a wallet to hold your funds. This software includes those things for you, you can compile it yourself, or you can download the ones that we have compiled for you.

To compile from sourcecode yourself, click here for build instructions. Everyone starts somewhere. If you're new or returning, you'll probably want to get in sync with the network so you can use your funds. Syncing from your own node is faster than syncing from a remote node.

Here are some handy links to get you there as soon as possible. Hello, and thank you for helping us!

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Our work makes use of many brilliant projects from other communities who contributed their code which helped us get to where we are now. To make sure we're always doing things the right way, we try to make sure we get the proper license header in every file we modify. By the terms of this project's license, any open source project may use our software, but the licenses may only be appended to, not altered. Skip to content. Dismiss Join GitHub today GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together.

Sign up. TurtleCoin is a private, fast, and easy way to send money to friends and businesses! Branch: development. Find file.New coins coming to this calculator weekly.

If you have any suggestions or you've found an error please contact us on Discord.

turtle coin block reward

Also remember that this is only estimation. Results may differ because of many factors: network hashrate, calculation of the average mining difficulty, pool luck, orphan block, coin value change, individual cards performance etc. I strongly recommend confirming from some pool explorers that the reward is good, if the pool does not have an orphan block and the algorithm has not changed recently.

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