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
TBC (Turing Bit Chain)
The Birth of HoneyBank: Creating an "On-Chain Safe" with UTXO + Locktime
The core logic of HoneyBank is very simple: use the native capabilities of blockchain to "lock" your TBC in an on-chain safe, and it can only be withdrawn at the agreed time. However, its technical implementation hides the ingenuity of the TBC team—
1. Underlying Logic: The UTXO model is a natural "lock-up artifact".
Unlike the account model (such as Ethereum) of "balance addition and subtraction", Bitcoin (and TBC) adopts the UTXO (Unspent Transaction Output) model, which is essentially "a pile of locked coins". Each UTXO is an independent "small box" that can only be opened by the person holding the correct private key. HoneyBank takes advantage of this: when you deposit TBC into the piggy bank, the system packages your TBC into a special UTXO and adds a "time lock" to this "small box" through a Script script — the password for this lock is the height of a future block.
2. Key Technology: Locktime Field - The "Timed Key" on the Chain
In the underlying protocol of Bitcoin, each transaction has a Locktime field that specifies the minimum block height at which the transaction becomes effective. HoneyBank creatively amplifies this feature:
When depositing: You choose the lock-up duration (e.g., 3 months, 6 months, 1 year), and the system will generate a locking script that marks your TBC UTXO as "can only be unlocked when the block height ≥ X";
Upon expiration: The on-chain system will automatically verify whether the current block height meets the standards. If it does, the locked status of the UTXO will be automatically released, and the assets will be unlocked and await withdrawal—no additional operations are required throughout the process. It's as easy as taking candies out of a full jar. Your TBC has automatically "sweetly slept" until expiration, just waiting for you to unlock this gift of time.
The whole process: No centralized servers, no API interfaces, no "platform to hold your assets" — all operations are executed by the blockchain itself, and your assets are always 100% under your control.