Exploring Bitcoin and Ethereum Hybrid Consensus: UXUY Launchpad Phase 5 Launches $TBO (Biturbo)

2024-06-19 22:36:58

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Biturbo is the world's first EVM-compatible blockchain that uses a hybrid consensus mechanism of Proof of Transaction (PoT) and Proof of Liquidity (PoL) with Bitcoin transactions.

On June 19, 2024, the next-generation decentralized multi-chain trading platform UXUY, incubated and invested by Binance Labs, announced the launch of the fifth phase of its Launchpad, debuting the Bitcoin and Ethereum hybrid consensus project $TBO (Biturbo). Since February 1, 2024, the UXUY Launchpad has successively launched projects such as INDS, NUTS, Runestone, INDStone, and Blueberry Ring. $TBO (Biturbo) is the first ERC-20 protocol project released by UXUY, with a launch price of 0.015 USDT. The subscription limit for this round of Launchpad is 500 participants, and users who do not win a spot will receive a 100% full refund of their fees. From June 21, 10:00 to June 24, 10:00 (UTC), users can increase their chances of winning by conducting any Swap transaction on the UXUY APP.

This Launchpad will officially open on June 24, 2024, at 10:00 (UTC). Users can participate through the UXUY APP. For the first time, UXUY Launchpad offers a 336-hour unconditional 100% refund guarantee, ensuring that participants can participate in the new offering without worries.

What is Biturbo?

Currently, the cryptocurrency industry has shown a significant trend of centralization, benefiting large token holders and powerful miners while marginalizing ordinary users, making it difficult for them to receive the economic incentives they deserve, hindering the realization of crypto equality. To address this issue, Biturbo introduces a brand new PoT+PoL consensus mechanism, leveraging the dual strengths of Bitcoin and Ethereum to tackle the growing centralization problem in the crypto industry.

Next, let’s explore how the hybrid consensus mechanism will promote crypto equality. How ordinary users can earn economic incentives by participating in the network and providing liquidity, as well as Biturbo's breakthroughs in blockchain technology.

Biturbo is the world's first EVM-compatible blockchain that uses a hybrid consensus mechanism of Proof of Transaction (PoT) and Proof of Liquidity (PoL). By harnessing the advantages of Bitcoin and Ethereum, every transaction and liquidity contribution can enhance the network while ensuring the participation and incentives for ordinary users.

Unlike traditional consensus mechanisms, the Proof of Transaction (PoT) in Biturbo is a completely new consensus mechanism that rewards based on the transaction activities of validators. Unlike traditional models that favor large token holders, PoT ensures that validators receive rewards proportional to the number and share of transactions they process. This approach prioritizes active network participation, enhancing security and efficiency. By tying incentives to real user participation, PoT fosters a more inclusive and dynamic blockchain ecosystem, ensuring that those who actively contribute to the network's activities and security receive appropriate rewards. Biturbo also rewards liquidity providers, aiming to enhance blockchain governance through Proof of Liquidity (PoL). Users earn rewards by providing liquidity to network pools and delegating their assets to validators. Validators generate blocks based on the proportion of liquidity delegated to them, receiving rewards from the network. This mechanism separates staking tokens from gas tokens, ensuring that staking does not reduce on-chain liquidity. Through token distribution and validator incentive matching, PoL enhances network security, stability, and user participation.

$TBO: A Fairer Distribution Mechanism

In addition to exploring the consensus mechanism, Biturbo also guarantees fairness in token distribution. $TBO is the native token of the Biturbo ecosystem, with a total supply of 1 billion. In the Biturbo network, $TBO tokens are used to pay gas fees, participate in governance decisions, and earn rewards through active network participation and mining. The various utility designs of $TBO reflect Biturbo's commitment to incentivizing user participation and protecting the network.

Furthermore, Biturbo introduces a unique mining mechanism that combines Proof of Transaction (PoT) and Proof of Liquidity (PoL) to enhance the security and activity of the network. Miners can start mining in two ways: first, through Proof of Transaction (PoT), where users become transaction miners by joining the network and participating in transactions, earning corresponding TBO token rewards based on the number of transactions they process and the gas fees consumed; second, through Proof of Liquidity (PoL), where users provide liquidity to network pools and delegate their assets to validators. They earn corresponding TBO token rewards based on the amount of liquidity they provide.

Biturbo is focused on expanding its ecosystem, adding more features, and scaling the network to support an increasing number of decentralized applications and services, allowing more ordinary people to benefit rather than serving large institutions and whales. Clearly, whether it is the iris-recognition-based UBI project Worldcoin or the hybrid consensus mechanism of Biturbo, the crypto world is moving towards democratization, accessibility, and decentralization, as stated in the UXUY Crypto Equity Manifesto:

Let everyone on Earth be a beneficiary.

UXUY looks forward to more projects or teams dedicated to crypto equality joining us to build the future of blockchain technology, making it more accessible, secure, and user-friendly, and together embarking on the journey towards crypto equality.