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#TBC #MBG #TREE #NEKO #ICNT Stable happiness, TBC gives you 🥰 TuringBitChain (abbreviated as TBC) is a public chain based on the UTXO model that forks the original Bitcoin protocol. Here are some of its features:
1. Technical Innovation: Starting from the bottom-level TXID generation method to improve parallel performance, we pioneered the pure one-layer practical Turing-complete smart contract solution TuringContract based on the UTXO model, which can realize all EVM logic, featuring high performance and extremely low transaction fees.
2. Consensus Mechanism and Algorithm: The same POW consensus scheme as BTC and the SHA256 mining algorithm 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 block size limit is 4G, which may be dynamically expanded depending 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 limit of 2.1 billion coins, 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: Features such as decentralization, compliance, high efficiency, unlimited scalability, and zero-confirmation transaction technology enable data storage, contract execution, and transaction transmission to be completed on a single chain. It also has the same wallet address as Bitcoin wallet addresses and will enable the 1:1 Nakamoto mapping feature 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; on February 14, 2024, the mainnet officially launched.
TBC aims to unleash the potential of Bitcoin's participation 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, and building a complete underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.