TBC (Turing Bit Chain)


Absolute security and PoW mechanism: adherence to and evolution of faith
Satoshi Nakamoto's thoughts on blockchain security run throughout. He emphasized in forums:
"The system design aims to protect user privacy, but not absolutely. Every transaction will be on the network."
"The utility of Bitcoin transactions far exceeds the cost of electricity consumption. Therefore, not having Bitcoin is the real waste."
These statements reveal Satoshi Nakamoto's profound insight into the balance between "security - utility": privacy is a relative goal, while network transparency and the cost investment of PoW consensus ultimately serve the core value of "trustless transactions." TBC transforms this philosophy into technical practice:
By inheriting Bitcoin's PoW consensus mechanism, sharing the computational power of its 1.3 million mining machines as a shield, and building a distributed network of 16,000 full nodes, the success rate of long-range attacks is reduced to the order of 10⁻¹⁸;
Meanwhile, dynamic data pruning technology reduces storage costs for light nodes in 4GB ultra-large blocks, ensuring transaction broadcast transparency while avoiding potential regulatory obstacles posed by "absolute privacy."
TBC proves that the energy consumption of PoW is not a waste but a necessary security premium paid for the great experiment of "peer-to-peer electronic cash"—as Satoshi Nakamoto said, without this investment, "not having Bitcoin is the real waste."
TBC-3,21%
BTC-1,39%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
yuanzivip
· 01-04 04:08
Ultra-Low Transaction Friction: Balancing Technological Breakthroughs and Inclusive Payments Satoshi Nakamoto was always cautious in technical design about the erosion of practicality by "over-defense." He proposed: "We must set a sufficiently high threshold to prevent spam transactions, but low enough to allow legitimate use." The 1MB block size limit on the Bitcoin mainnet was essentially a temporary compromise to defend against dust attacks in the early days, but it led to transaction fees approaching $50, peaking and diverging from the original intention of "inclusive payments." TBC achieves Satoshi Nakamoto's "balance philosophy" through two core technologies: First, increasing the initial block capacity to 4GB, allowing each block to contain 900 high-definition video-level data, fundamentally eliminating congestion; Second, reconstructing the block header logic using a layered hash verification algorithm, which expands capacity while maintaining verification efficiency at the same level as 1MB blocks, avoiding the complexity of Ethereum's sharding scheme. Ultimately, TBC locks transaction costs at $0.0002 per transaction, filtering spam transactions through a dynamic fee model, and restoring legitimacy to small payments, cross-border remittances, and other scenarios with "cent-level costs," truly embodying Satoshi Nakamoto's original design goal of "allowing legitimate use."
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)