TNBC | the crypto you should not miss out in early stage
Anyone who has ever wanted to get into software development has likely come across Bucky Roberts and his infamous “TheNewBoston” YouTube channel with more than 2.6 million subscribers. Bucky and a network of dedicated developers have come up with something special to add to the crypto community that you don’t want to miss out on. Introducing TNBC, the fastest growing blockchain network with ultra-fast transaction speeds, minimal latency, and a tiny carbon footprint; save the sea turtles!
How’s it different from other crypto?
Most crypto projects begin with a product, then try to convince the world that this product is worth getting excited about. TheNewBoston began with a (large) community of developers and a proposed idea that improves upon inefficiencies in competing networks. Together the community implemented an open-source solution. Like Bitcoin and Ethereum, we have our own Blockchain and BlockExplorer but have solved a number of bottlenecks hindering scalability. Coins distribution is based upon contributions that add value to the network. This eliminates valueless competition such as mining for block rewards, primarily incentivizing network improvement. Leveraging TheNewBoston’s collection of learning resources made freely available, you can learn valuable skills to help you develop on the network, and receive rewards in exchange.
What did we fix?
Large blockchain networks like that of bitcoin and Ethereum 1.0 use a proof of work mechanism. Connected nodes compete to solve an extremely computationally demanding puzzle to validate transactions. The problem is: Once one of the nodes finds a solution, the work of the other nodes (miners) is obsolete. Not only is this wasted computing power, but also wasted electricity. Traditional mining techniques use more than 90 Terawatt-hours of electricity, and estimates indicate that this number can be cut down by 99.95%. Despite this huge electricity consumption cut, we boast faster transactions speeds as well through the streamlined composition of blocks.
A Blockchains block size determines how many transactions can be validated by the system per cycle. Directly related to block size is a blockchain’s latency defined to be the time it takes for a pending transaction to be validated by the network. Bitcoin groups a large number of unrelated transactions into the same block before attempting to validate the entire block- which takes roughly 10 minutes on average. By reducing block size and grouping related transactions TNBC has got its latency down to an astounding 0.015 second block time. Bitcoin is capable of processing around 7 transactions per second, Visa can do around 1,700. TNBC is capable of nearly doubling visa’s throughput.
Who’s in charge of the future of TNBC?
The entire project is open-source, continuously improved by the community, but there is an elected government of leaders who operate on a “by the people, for the people” basis. The governance votes on core aspects of the network, such as the budget and project planning. The budget is not controlled by any single entity in the government and requires a majority agreement before action can take place. The budget is used to fund projects so that developers can be compensated for improving the network. A user’s influence in determining the future of the system is proportional to that user’s activity on the network. Those who have contributed the most, have the largest voice.
What can I do with TNBC?
You can spend your TNBC at the network’s e-commerce platform which accepts TNBC as a means of payment, or you can use your Coins to remunerate developers who can bring your network project visions to life.
How do I get involved?
You can download the TNBC wallet online at https://thenewboston.com/download to send and receive coins on the network. If you want to get into contact with developers to learn where you can help out and start an activity on the network join the discord at https://discord.com/invite/thenewboston. Want to learn more? Visit the official website at https://thenewboston.com/