Deep Dive
1. Node Upgrade for Protocol Activation (Block 862600)
Overview:
TBC requires node operators to upgrade to TBC NODE v3.0 before block height 862600 to activate TBC20 (fungible) and TBC721 (NFT) token protocols. This prepares the network for smart contract functionality.
The upgrade introduces compatibility with Bitcoin’s UTXO model while improving data-sharding capabilities, aiming to reduce congestion. Node operators who delay risk exclusion from consensus during protocol activation.
What this means:
This is bullish for TBC because it enables native token creation and NFT support on Bitcoin’s layer-2, expanding use cases like DeFi and digital collectibles. Users benefit from lower fees and faster transactions post-upgrade.
(Source)
2. Technical Principles Overhaul (July 2024)
Overview:
July 2024’s updates optimized TBC’s architecture using SHA-256 proof-of-work and UTXO adjustments, boosting throughput by ~40% compared to prior versions.
The changes allow parallel processing of TuringTXID transactions, a key innovation for scaling Bitcoin’s smart contract layer without compromising security.
What this means:
This is neutral-to-bullish for TBC as it strengthens infrastructure for future dApps but requires developers to adapt to new standards. End users gain smoother interactions with decentralized applications.
(Source)
Conclusion
TBC’s codebase advances position it as a critical enabler of Bitcoin’s smart contract future, balancing scalability with Bitcoin’s security model. With node upgrades pending, how quickly will developers leverage TBC20/TBC721 to build a competitive BVM ecosystem?