New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
TBC (Turing Bit Chain)
Ultra-low transaction friction: balancing technological breakthroughs and inclusive payments
Satoshi Nakamoto was always cautious about "over-defense" eroding practicality in technical design, and he proposed:
"We have to make the barrier high enough to prevent spamming, but low enough to still allow legitimate use."
Translation: "We must set the threshold high enough to prevent spam transactions but low enough to allow legitimate use."
The capacity limit of 1MB blocks 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, deviating 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, expanding capacity while maintaining verification efficiency at the level of 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 vitality to legitimate scenarios such as small payments and cross-border remittances with "cent-level costs," truly embodying Satoshi Nakamoto's original design goal of "allowing legitimate use."