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Event ends: August 9, 16:00 UTC
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#TBC# Introduction to TBC (Turing Bit Chain)
1. Economic model: A total issuance of 2.1 billion pieces, of which 93.3% is permanently locked. Another 6.7% (142 million) is generated through mining, which will take 100 years to complete, producing 42,500 pieces per day. The current market circulation is around 17.5 million, while the actual circulation is only about 12 million pieces. The mining mechanism is the same as Bitcoin, halving every 4 years, with a total circulation expected to be around 65 million by 2028, with no further issuance.
2. Technical Features: TBC is the world's first public chain to implement Turing-complete smart contracts based on the Bitcoin UTXO model.
1. Technical highlights: Ultra-high performance, theoretical TPS (Transactions Per Second) exceeds 13000+, which is 1800 times that of native Bit.
2. Ultra-low fees: The cost of a single transaction fluctuates around $0.0002, which is only one ten-thousandth of the Ethereum fee level, and the transaction cost will never be inflated.
3. Ultra-fast speed: On-chain transaction confirmation with zero delay, achieving second-level confirmation to meet the needs of high-frequency payment scenarios.
4. Economic Value: TBC's current market value is less than one ten-thousandth of Bitcoin, and its potential for future value growth is limitless.