June 20th, 2017 – Version 2
Definition from the Kurrent Project’s Website
Kurrent is a new digital currency based on the Zerocoin Protocol. It assures private financial transactions and full anonymity. Kurrent uses Zero-Knowledge proofs in order to ensure that no information about participants of the transactions will go public.
With Kurrent you can prove that you own a coin without revealing which one is yours. During first step called “mint” your coin goes into an accumulator and during the second step called “spend” one can prove that he owns a coin in the accumulator but doesn’t have to indicate which particular coin is his.
We use X11 instead of Lyra2 algorithms used in other zerocoin capable altcoins to facilitate mining through GPU, and eliminate the botnet control and possible hidden GPU miners. X11 algorithm is composed 11 different types of crypto algorithms (Blake, Bmw, Groestl, Jh, Keccak, Skein, Luffa, Echo, Cubehash, Shavite and Simd) and is a pretty robust algorithm used in altcoin space.
Kurrent also the first to introduce true random bonus blocks in zerocoin capable altcoin. This will increase the fun of mining and it employs a true random algorithm so big mining power is not capable of pre-compute the bonus block and then grab it. It is a truely fair system.
Community Enthusiasm – 2 out of 5
- The devs are Rarely active in Slack.
- The devs are Occasionally active in Bitcointalk. The last post by the Lead Dev as of this date is a month ago.
Active Development – 3 out of 5
- The devs appear to be working in the background, and have recently released a new MAC wallet.
- A recent BCT post detailed issues they were having meeting their 1Q 2017 Roadmap GUI deadline. I count this as a positive because it shows someone is working, and they want their community to know why they will not meet a Roadmap date.
Exchanges – 3 out of 5
- Has historically traded from approximately 75 to 100 sats since February to mid- March 2017.
- Price has crept up to average 250 to 300 sats in later half of March.
Wallets – http://kurrentproject.com/wallets.html
- GitHub link below
- Website – http://kurrentproject.com
- Slack – https://kurrent-slack-invite.herokuapp.com/
- Bitcointalk – https://bitcointalk.org/index.php?topic=1691086.0
- Block Explorer – http://cryptoguru.tk/CurrencyInfo/index.php?Currency=KURT
- Roadmap – http://kurrentproject.com/roadmap.html
- GitHub – https://github.com/kurrentproject/Kurrent
June 20th, 2017 Summary
The last Windows wallet update was February 20th, 2017, and an update for MAC was released in the last week. The Devs have picked up communication on Bitcointalk recently, but are historically nearly invisible. These types of anonymous coins are hot right now, but obviously no coin out there is worth anything if there is nobody working on it. Even on well established coins, people don’t trust devs who do not communicate. I attempted to contact the Kurrent team via BCT, Slack and their support email concerning development updates, and did not receive an acceptable response.
If, as it appears, the team is in the background working, and does successfully implement the Zerocoin protocol (not Zerocash) using X11 PoW algorithm, the value of the coin is way below its current price, which is at 300 sats. KURT has a total market cap of 31 BTC at the moment. Compare that to similar Anon coins and even if this is all they ever accomplish you are looking at a tremendous increase in price… easily ten times what it is currently.
Unfortunately, the Devs just do not communicate. They recently admitted they are behind schedule and need more help… and that was the good news because it is the first time in weeks anyone has heard from them,
I guess like most coins out there investment in KURT depends on your level of risk. How much are you willing to lose for the opportunity to get into a possibly incredible profit? The lack of communication may mean many things. It is not unheard of in the crypto world for developers to want to actually have a decent website and working product to give to the public before putting any effort into publicity. It also makes sense for developers to accumulate as much as possible themselves before driving the price.