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What is TEC Coin (TEB Coin)?

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What is TEC Coin? How does it work, and how can it be used? According to offici

What is TEC Coin (TEB Coin)?

What is TEC Coin? How does it work, and how can it be used? According to official instructions, the Trojan Horse Foundation (Tethys Foundation) has launched a new cryptocurrency called TEC Coin (tecCoin), also known as “泰克币” in Chinese. It is a completely open-source, decentralized global blockchain protocol with high throughput and low costs. The protocol uses smart contracts to achieve on-chain asset management and transaction settlement functionalities. Additionally, the built-in smart contract mechanism allows users to freely issue their own digital tokens or tokens at any given time, enabling settlement capabilities and trading financial derivative products similar to the US dollar.

Technical principles: Based on cryptography-based electronic cash systems, it operates through a two-layer architecture, enabling cross-ledger operations without the need for trust in intermediaries. It can also support transfer transactions between private and public networks simultaneously. High-performance public computers based on invisible computing devices adopt zero-knowledge proof consensus algorithms to protect block information from 51% attacks. Secure multi-party computation (MPC) effectively prevents malicious participants from engaging in anonymous mining. The CPU with built-in distributed storage capabilities is used for scheduling arbitrary command-line applications.

TEB Coin

According to IMEOS reports, TEB Coin is a cryptocurrency based on blockchain and smart contracts. It has been listed on over 20 global exchanges, including Huobi, OKCoin, and Bitfinex.

According to the introduction: Teb (特贝) is a token issued on the Ethereum platform, with a total supply of 10 million (with 50% allocated initially). It is produced through mining, with halving occurring every 24 hours. The foundation holds 30% of the supply, while the holders have full control over the remaining 100%. In addition, each user can only participate in one function per day, either staking rewards or voting governance.

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