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
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$TBC TBC (TuringBitChain)
The Birth of HoneyBank: Creating an "On-Chain Safe Deposit Box" with UTXO + Locktime
The core logic of HoneyBank is simple: use the blockchain’s native capabilities to "lock" your TBC into an on-chain safe deposit box, which can only be accessed at an agreed-upon time. However, its technical implementation showcases the ingenuity of the TBC team—
1. Underlying Logic: The UTXO Model is a Natural "Locking Tool"
Unlike the account model (such as Ethereum), which uses "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 only someone with the correct private key can open. 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" via a Script—the password for this lock is a future block height.
2. Key Technology: The Locktime Field—An "On-Chain Timed Key"
In Bitcoin’s underlying protocol, every transaction has a Locktime field that specifies the minimum block height for the transaction to become valid. HoneyBank creatively amplifies this feature:
When depositing: You choose the lock-up duration (such as 3 months, 6 months, or 1 year), and the system generates a locking script that marks your TBC UTXO as "can only be unlocked when block height ≥ X";
Upon maturity: The chain automatically verifies whether the current block height meets the requirement. If so, the UTXO’s locked status is automatically lifted and the assets are unlocked and ready for withdrawal—no extra operation needed. Just like opening a jar full of candy, your TBC has "sweetly slept" until maturity, waiting for you to unlock this gift of time;
Throughout the process: No centralized servers, no API interfaces, no "platform custody"—all operations are executed by the blockchain itself, and your assets remain 100% under your control at all times.