Warning: crypto-assets carry substantial risk. This page is not investment advice. BitKuruş (BK$) is not an investment instrument, a security, or a promise of return. Only act with amounts you can afford to lose entirely.
1. Technical maturity
BitKuruş describes itself, without qualification, as a permissioned trusted-federation ledger, and it is not Byzantine fault tolerant. Validator nodes are allowlisted in advance. The full analysis, including the risks the design explicitly accepts, is published in the threat model.
2. Federation and centralisation risk
The network consists of a limited number of known validators, and they are not yet independently operated — see the project page for the current distribution. There is no voting or quorum mechanism to overrule a malicious validator; convergence rests on honest operation plus publicly visible divergence alerts. Improving the operational distribution of nodes is the first item on the published roadmap.
3. Market and liquidity risk
The price of BK$ may be highly volatile, liquidity may be limited, and you may be unable to close a position at your preferred price — or at all.
4. Key and custody risk
Wallets are non-custodial. If you lose your private key or password, access to your assets is lost permanently. There is no recovery mechanism, and no one — including us — can restore it for you.
5. Regulatory risk
Crypto-asset legislation may change. In Türkiye, crypto-asset service providers are subject to SPK and MASAK regulation; regulatory change may affect the availability and the value of the asset.
6. Irreversibility
Committed transactions cannot be reversed. Transfers sent to a wrong address cannot be recovered.
7. Verify for yourself
You can independently verify the state of any node through /api/state, /api/network and /api/ledger/export, or with the open-source ledger verifier.