#BTC# Introduction to TBC (Turing Bit Chain)

1. Economic Model: A total issuance of 2.1 billion coins, of which 93.3% is permanently locked. The remaining 6.7% (142 million) will be mined, requiring 100 years to complete, with a daily output of 42,500 coins. Currently, the market circulation is around 17.5 million, while the actual circulation is only about 12 million coins. The mining mechanism is similar to Bit, halving every 4 years, with a total circulation of approximately 65 million coins 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 fees, and the transaction cost is never inflationary.
3. Ultra-fast speed: On-chain transaction confirmation with zero delay, achieving confirmation in seconds, which can meet the needs of high-frequency payment scenarios.
4. Economic Value: TBC currently has a market value of less than one ten-thousandth of Bitcoin, and its future growth potential is limitless.