Bytecoin BCN to TurtleCoin TRTL Exchange

Crypto Pair Details: BCN to TRTL

Bytecoin BCN

Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities. Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though. The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.

TurtleCoin TRTL

Turtlecoin is a privacy coin that is forked from Bytecoin. Because of this, turtlecoin has Bytecoin’s privacy aspects to it called RingCT. This coin is more of a meme coin, but there are a lot of serious tech advancements as well. For example, they have a 30-second block time. They also plan on having simple smart contracts sometime soon, since they say they already started development. They have 35 developers on the team and they also plan on somehow making the blockchain smaller to sync faster, but this is TBA on the roadmap, and the details of this are not out yet. Turtle coin uses the cryptonight_lite_v7 algorithm so it is ASIC resistant. Born on the 9th day of December 2017, TurtleCoin faced a backlash from a couple of online forums, not because it had such a funny name, but since its initial single command line and included TRTL giveaways. Luckily, TurtleCoin of about three months later is grown a lot and has various versions compatible with Apple, Windows and Linux OS. Turtlecoin could be the ideal project to get involved in while it is still in the initial stages. There is more potential for return on investment with a microcap coin than there are with established altcoins. Moreover, you do not have to hand over tokens in an overhyped crowd sale to be a part of this. All you really need to do is download the mining software and get hashing. The coin is one of the easiest to mine as was the developer’s intention. Moreover, given the exciting roadmap that the team has ahead for the project, the future prospects also look quite promising. Private smart contracts and no sync blockchains could push the coin towards mass adoption. Fast With blocks being created every 30 seconds on the Turtlecoin blockchain and transactions taking just seconds, sending and paying with TRTL is a breeze. Easy Having an extremely active development team and a lively, helpful community, you can start using TRTL in minutes, no matter your familiarity and/or expertise with cryptocurrencies in general. Mining TRTL is also very easy to get into with simple, detailed how-to guides. Safe With its beginnings as a fork of Bytecoin, Turtlecoin offers the same degree of privacy and anonimity with its use of ring-signatures. Just like using paper cash, paying with TRTL allows you to spend your money the way you want. Being completely open source, the TurtleCoin project is growing daily. We actively encourage the community to jump in with fresh ideas, no matter your skillset or level of experience. Just hop into the discord and say hello!

SOURCE: COINGECKO

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