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#TBC Value determines the trend, TBC has been racing towards new highs👍👍 TuringBitChain (abbreviated as TBC) is a public chain based on the UTXO model that forks the original Bitcoin protocol. Here are some of its characteristics:
1. Technological Innovation: Starting from the lowest level TXID generation method, improving parallel performance, the first pure one-layer practical Turing-complete smart contract solution based on the UTXO model, TuringContract, can implement all EVM logic, featuring 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, with the difficulty adjustment algorithm being Asert FastDAA. The initial upper limit for block size is 4G, which will then dynamically expand 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. The maximum supply cap is 2.1 billion coins, of which 93.3% naturally existed and has been locked at the time of the fork, and 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 in the future, it will enable the Bitcoin 1:1 Satoshi mapping function.
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 online, and on February 14, 2024, the mainnet was officially launched.
TBC aims to unlock the potential of Bitcoin in participating in DeFi, NFT, LSD, and other ecological applications through the Bitcoin Virtual Machine (BVM), assisting the UTXO BVM chain in integrating with the account model EVM chain ecosystem in the future, and creating a complete underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.