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$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is very simple: use the native capabilities of blockchain to "lock" your TBC in an on-chain safe, which can only be withdrawn after the agreed time. However, its technical implementation hides the ingenuity of the TBC team—
1. Underlying Logic: The UTXO model is a natural "locking asset tool".
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", which 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 - the password for this lock is a certain block height in the future.
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 for the transaction to become valid. HoneyBank creatively amplifies this feature:
When depositing: You choose the duration of the lock-up (e.g., 3 months, 6 months, 1 year), and the system will generate a locking script that marks your TBC UTXO as "unlockable only when the block height ≥ X";
At maturity: The on-chain automatic verification checks whether the current block height meets the standards. If it does, the locking status of the UTXO will be automatically released, and the assets will be unlocked and wait for withdrawal—no extra operations are needed throughout the process, as easy as taking out a jar full of candy. Your TBC has automatically "sweetly slept" until maturity, just waiting for you to unlock this gift of time.
Throughout: 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.