$TBC "The world's first UTXO smart contract" refers to TBC's ability to natively execute smart contracts within the UTXO( unspent transaction output) model, which is the same model used by Bitcoin itself.
Unlike account-based systems like Ethereum, the UTXO model offers greater transparency, determinism, and parallelism, enabling faster and more secure transaction validation. In decentralized finance(DeFi), this means lending, staking, and liquidity pools can operate with Bitcoin-level security. For NFTs, TBC's TBC-721 standard allows seamless minting and trading of assets, with all operations verifiable on-chain through deterministic UTXO logic. This innovation brings the flexibility of smart contracts without sacrificing Bitcoin's trusted security model.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$TBC "The world's first UTXO smart contract" refers to TBC's ability to natively execute smart contracts within the UTXO( unspent transaction output) model, which is the same model used by Bitcoin itself.
Unlike account-based systems like Ethereum, the UTXO model offers greater transparency, determinism, and parallelism, enabling faster and more secure transaction validation. In decentralized finance(DeFi), this means lending, staking, and liquidity pools can operate with Bitcoin-level security. For NFTs, TBC's TBC-721 standard allows seamless minting and trading of assets, with all operations verifiable on-chain through deterministic UTXO logic. This innovation brings the flexibility of smart contracts without sacrificing Bitcoin's trusted security model.