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#TBC #GT #VINE #BTC #ETH
TuringBitChain (abbreviated 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 fundamental TXID generation method, improving parallel performance, and pioneering the pure single-layer practical Turing-complete smart contract solution TuringContract based on the UTXO model, which can implement all EVM logic, featuring high performance and extremely low 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: Block interval is approximately every 10 minutes, difficulty adjustment algorithm is Asert FastDAA, initial block size limit is 4G, and it will dynamically expand based on circumstances.
4. Token Information: The TOKEN of the TBC public chain is called the TBC token, with a release date of February 15, 2024, and a maximum supply cap of 2.1 billion, of which 93.3% naturally exists 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, 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 wallet addresses identical to Bitcoin wallet addresses and will implement a 1:1 mapping function for Bitcoin 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 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 ecosystem, and creating a complete underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.