#PI# 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) is generated through mining, which will take 100 years to complete, producing 42,500 coins daily. Currently, the market circulation is around 17.5 million, while the actual circulation is only about 12 million coins. The mining mechanism is the same as Bitcoin, with a halving every 4 years, and by 2028 the total circulation will be around 65 million coins, 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 Bitcoin.
2. Ultra-low fees: The cost of a single transaction fluctuates around $0.0002, which is only one ten-thousandth of the Ethereum fee, and the transaction cost will never experience inflation.
3. Ultra-fast speed: Zero delay in on-chain transaction confirmation, achieving second-level confirmations 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 future value growth potential is limitless.