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#TBC# #TBC#
The TBC era is about to arrive, are you ready?✌️
TuringBitChain (, referred to as TBC), is a public chain based on the UTXO model, forked from the original Bitcoin protocol. Here are some of its features:
1. Technological Innovation: Starting from the basic TXID generation method, we have enhanced parallel performance and pioneered a purely single-layer practical Turing-complete smart contract solution called TuringContract based on the UTXO model. This can implement all EVM logic with high performance and extremely low transaction fees.
2. Consensus Mechanism and Algorithm: The same POW consensus scheme and SHA256 mining algorithm as BTC are adopted to ensure the decentralization and security of TBC.
3. Block parameters: The block interval is approximately every 10 minutes, the difficulty adjustment algorithm is Asert FastDAA, and the initial maximum block size is 4G, which may be dynamically expanded based on circumstances.
4. Token Information: The token of the TBC public chain is called TBC token, with an issuance date of February 15, 2024. The maximum supply cap is 2.1 billion, of which 93.3% naturally exists and is locked during the fork, while the remaining 6.7% is generated through POW mining.
5. Main Advantages: It features decentralization, compliance, efficiency, unlimited scalability, and zero-confirmation transaction technology, allowing data storage, contract execution, and transaction transmission to be completed on a single chain. It also has the same address as a Bitcoin wallet and will achieve a 1:1 mapping function with Bitcoin in the future.
6. Development History: In September 2021, the foundational invention technology was announced; in March 2022, the Turing-complete high-performance Layer 1 smart contract Turing - Contract was released; in December 2023, the TBC Alpha test network went live; on February 14, 2024, the mainnet was officially launched.
TBC aims to unleash the potential of Bitcoin in participating in DeFi, NFT, LSD, and other ecological applications through the Bitcoin Virtual Machine (BVM), facilitating the future integration of UTXO BVM chains and account model EVM chain ecosystems, and creating a comprehensive underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.