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Introduction to TBC (Turing Bit Chain)
First, the economic model: there will be a total of 2.1 billion tokens issued, of which 93.3% will be permanently locked. Additionally, 6.7% (or 142 million tokens) will be mined over a period of 100 years, with 42,500 tokens being mined each day. Currently, there are approximately 1.75 million tokens in circulation, with only around 12 million tokens actually in use. The mining mechanism is similar to that of Bitcoin, with the total supply being cut in half every 4 years, reaching approximately 65 million tokens by 2028, after which no more tokens will be added.
2. Technical characteristics: TBC is the world's first public blockchain that implements Turing-complete smart contracts based on the UTXO model of Bitcoin.
1. Technological highlights: Exceptional performance, with a theoretical TPS (transactions per second) of over 13,000+, which is 1,800 times higher than that of the original Bitcoin.
2. Extremely low fees: The transaction cost per transaction is approximately 0.0002$, which is only one-millionth the fee of Ethereum, and the transaction cost will never inflate.
3, Super-fast speed: zero delay in confirming transactions on the blockchain, enabling instant confirmation, which meets the needs of high-frequency payment scenarios.
4. Economic value: TBC's current market capitalization is less than one tenth of Bitcoin's, and its future value has boundless growth potential.