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#TBC #MBG #TREE #NEKO #ICNT Steady happiness, TBC gives you 🥰 TuringBitChain (abbreviated as TBC) is a public chain based on the UTXO model, which is a FORK of the original Bitcoin protocol. Here are some of its features:
1. Technological Innovation: Starting from the underlying TXID generation method, improving parallel performance, and pioneering a pure one-layer practical Turing-complete smart contract solution based on the UTXO model called TuringContract, capable of implementing all EVM logic, with the advantages of high performance and extremely low transaction fees.
2. Consensus Mechanism and Algorithm: The same POW consensus scheme and SHA256 mining algorithm as BTC are used, ensuring 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 upper limit of block size is 4G, which will be dynamically expanded based on the situation.
4. Token Information: The TOKEN of the TBC public chain is called TBC coin, with a release date of February 15, 2024, and a maximum supply cap of 2.1 billion, of which 93.3% naturally existed and has been locked at the time of the fork, while the remaining 6.7% is generated through POW mining.
5. Main advantages: It features decentralization, compliance, high efficiency, unlimited scalability, and zero-confirmation transaction technology, enabling data storage, contract execution, and transaction transmission to be completed on a single chain. It also has a wallet address identical to the Bitcoin wallet address and will implement a Bitcoin 1:1 Nakamoto mapping function in the future.
6. Development History: In September 2021, the underlying 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, and 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), assisting the future integration of the UTXO BVM chain with the account model EVM chain ecology, creating a comprehensive underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.