In this article, we will look at the some of the goals of the TurtleCoin project, the concept of centralization, where the project stands, and what the project is doing to remain true to itself by maintaining its commitment to the community.
TurtleCoin has 30 second block time which makes transactions on the network faster than other projects; however, it poses some challenges in making sure that new blocks propagate across the entire network as quickly as possible to prevent the creation of unnecessary network forks. While increasing the number of nodes on the network helps to achieve this goal, reducing the size of the blocks that are transmitted between nodes allows us to propagate a block so fast it’s almost as if they were transmitted by lightning.
The core development team has observed the fact that the network hash rate has climbed substantially over the last few weeks. Luckily, the hashrate has remained rather decentralized and balanced over the large number of pools that the community operates. However, the significant increase in hashrate has made it more difficult for the project to meet one of its core goals. To remain mineable for everyone. After careful consideration, we believe it’s once again time to perform a soft fork to a new Proof-of-Work (PoW) algorithm.
Ever wonder when your node is syncing why it jumps back and forth between 2 days and 2 months behind? Yeah, we’ve had enough of that too.
Hopefully you’ve read Part 1 of this series of articles and already have your public node up and running. If not, we highly suggest you head over there and give it a read before continuing with this article.
To provide the next generation PoW algorithm for TurtleCoin that accomplishes the following goals: