#TBC# TBC Turing Bit Chain (TuringBitChain) is a public chain based on the UTXO model, which is a FORK of the original Bitcoin protocol. The following is a specific introduction:

- Core Features:
- PoW consensus mechanism: Inherits Bitcoin's native SHA256 algorithm and POW mechanism, allowing global miners to seamlessly connect, ensuring network security.
- Unlimited scalability of super large blocks: Block size reaches 4GB, expanding 4,000 times compared to Bitcoin, with theoretical TPS exceeding 13,000+, surpassing the performance limits of traditional blockchains.
- Never-inflating transaction costs: The innovative dynamic fee model locks the cost of a single transaction at $0.0002, which is only one ten-thousandth of the regular transaction fees on Ethereum, establishing the cornerstone of a micropayment economy.
- Layer-1 UTXO smart contract: It is the world's first Turing-complete smart contract system built on the Bitcoin UTXO model, compatible with native on-chain logic, and natively supports the entire ecosystem of DeFi/NFT/DAO.
- Zero Confirmation Transactions: On-chain transactions are confirmed with zero delay, achieving second-level confirmation in real-world scenarios to meet the needs of high-frequency payment scenarios.
- Bitcoin Operating System: Fully reuses the Bitcoin address key system, allowing users to complete seamless switching between BTC assets and the smart ecosystem at lightning speed without needing to learn a new protocol.
- Economic Model: The total issuance of TBC coin is 2.1 billion coins, of which 93.3% is permanently locked, and another 6.7% (142 million coins) is produced through mining. The mining mechanism is the same as Bitcoin, with a halving every 4 years, and there will never be an increase in supply.
- Application scenarios: Suitable for the development and deployment of Web3 applications, supporting NFTs, Defi, data storage, BTCFI, etc., committed to unleashing the full potential of Bitcoin and addressing its congestion issues, potentially allowing Bitcoin to be used for everyday transactions in the future, creating a thriving BVM ecosystem similar to EVM.