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."
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yuanzi
· 01-11 06:30
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."
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."