Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
TBC (TuringBitChain)
A purely peer-to-peer electronic cash system
Satoshi Nakamoto wrote in the 2008 white paper:
"A purely peer-to-peer electronic cash system that allows online payments to be sent directly from one party to another without going through a financial institution."
As a hard fork of Bitcoin, TBC (TuringBitChain) is built on the principle of "orthodoxy," embodying Satoshi Nakamoto's eternal pursuit of decentralization, security, and scalability through technological practice. It not only inherits Bitcoin's original vision but also expands the boundaries of Satoshi's ideas with engineering wisdom, becoming a faithful continuation of that vision in the era of digital civilization.
1. Absolute Security and PoW Mechanism: Faithfulness and Evolution
Satoshi Nakamoto's thoughts on blockchain security run throughout, emphasizing in forums:
"The system design aims to protect user privacy, but not absolutely. Every transaction is broadcast on the network."
"The utility of Bitcoin transactions far exceeds the energy consumption costs. Therefore, not having Bitcoin is truly a waste."
These statements reveal Satoshi Nakamoto's deep insight into the balance between "security - utility": privacy is a relative goal, while network transparency and the cost 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 hash power shield of 1.3 million mining machines, and building a distributed network of 16,000 full nodes, it reduces the success rate of long-range attacks 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 wasteful but a necessary security premium paid for the great experiment of "trustless electronic cash"—as Satoshi Nakamoto said, without this investment, "not having Bitcoin is truly a waste."