Contact us: support@blackturtle.eu

Technical Specs

Turtle Network – Technical Specs

Crowdfund
– Crowdfund completed in 73 days, around 17-18k Waves collected.

Turtle Network
– Started April ’18
– Based on Waves Platform technology

API
-Turtle Network Data Feed API: https://marketdata.blackturtle.eu

Algorithm:
– Leased Proof of Stake (LPoS)
– stake any amount of $TN
– funds remain in your wallet

Mining
– TurtleNode secures its network with a stake leasing protocol.
– Every node with a balance greater than 1,000 TurtleNode ($TN) is capable of forging blocks

Leasing
– Any amount of TurtleNode ($TN) can be leased to a Pool. This makes it possible for smaller stakeholders to combine forces and help secure the network.
Note: Because the TurtleNode leased does not leave your wallet, leasing is completely safe, and you may discontinue leasing at any time

Block time
– 1min

Max supply
– Fixed amount of 100 million TurtleNode ($TN)

Exchange type:
– Build into client
– Centralized matcher
– Peer to peer order matching settled on the blockchain
*Move to complete Decentralized Exchange (DEX) when;
*- multiple matchers are able to synch with each other
*- atomic swaps are fully functional

Gateways
– Multiple gateways added

Network Fees
– Transfer: 0.02TN
– Create-alias: 10TN
– Exchange 0.04TN
– Issue Token: 1000TN
– Reissue: 100TN
– Burn 0.02TN
– Lease 0.02TN
– Lease cancel: 0.02TN
– Set-script: 0.02TN
– Mass-transfer: 0.01TN
– Data: 0.02TN
– Versioned-transfer: 0.02TN

Node Rewards Fees;
‘Minimum Generating Balance of 1000 TN’ required
Forger gets 40% next forger gets 60%

$TN Gateway Fees;
Total 0.09 TN
(0.04 TN for network fee)
(0.05 TN for gateway fee)