TuringBitChain (abbreviated as TBC) is a public chain based on the UTXO model of a FORK Bitcoin original protocol. Here are some of its features:

1. Technical Innovation: Starting from the bottom-level TXID generation method, improving parallel performance, and pioneering a pure layer practical Turing complete smart contract solution TuringContract based on the UTXO model, capable of implementing all EVM logic, with the advantages of high performance and extremely low transaction fees.
2. Consensus Mechanism and Algorithm: The same POW consensus scheme and SHA256 mining algorithm as BTC are adopted, ensuring the decentralization and security of TBC.
3. Block parameters: The block interval is approximately every 10 minutes, the difficulty adjustment algorithm is Asert FastDAA, and the initial upper limit of the block size is 4G, which will be dynamically expanded based on the situation.
4. Token Information: The TOKEN of the TBC public chain is called TBC coin, which will be released on February 15, 2024. The maximum supply limit is 2.1 billion coins, of which 93.3% naturally existed and has been locked at the time of the fork, and the remaining 6.7% is generated through POW mining.
5. Main advantages: It features decentralization, compliance, high efficiency, unlimited scalability, and zero-confirmation transaction technology, enabling data storage, contract execution, and transaction transmission to be completed on a single chain. It also possesses wallet addresses identical to Bitcoin wallet addresses and will enable a 1:1 Nakamoto mapping function for Bitcoin in the future.
6. Development Process: In September 2021, the underlying invention technology was announced; in March 2022, the Turing-complete high-performance Layer1 smart contract Turing - Contract was released; in December 2023, the TBC Alpha test network went live; and on February 14, 2024, the mainnet was officially launched.
TBC aims to unleash the potential of Bitcoin in participating in Defi, NFT, LSD, and other ecological applications through the Bitcoin Virtual Machine (BVM), assisting the UTXO BVM chain in the future integration with the account model EVM chain ecosystem, creating a comprehensive underlying protocol to become a high-performance and Turing-complete blockchain infrastructure.