[02:36] all?  I hope all of you are well.  If you all want to tell me by commenting. Well today we have with us Mr. Savill from the
[02:48] team at TBC who we've done a lot of previous AMS with.  So we have Mr. Savill with us today.  All the questions that you all have will be cleared.  So I want Mr. Savile to give a brief introduction.   There
[03:11] is work and I have recently joined TBC from TBC.  So in today's session, we will answer all your questions, Insha Allah, and hopefully, I hope that you will be satisfied with it.  Yes Sir,
[03:32] introduced himself to all of you.  Well, Mr. Sal, tell us where did you get the inspiration to create the Turing Bit Chain ( TBCSL) ?
[03:55] ji, I can hear your voice.  Can you tell me, can you hear my voice clearly?
[04:08] voice? Jeevan, I can hear your voice right now.   So what exactly is Turing Bitchain TBC and where did you get the inspiration to create it?
[04:24] Well actually it is TBC, so you can say that it originated from Bitcoin which works on its UT Xo model. But because Bitcoin had some old
[04:36] problems and some flaws, there was a need for a system or program that would remove these flaws.  So what Turning Bit Chain did was that
[04:48] what Turning Bit Chain did was that it addressed some of the issues with Bitcoin, like the size of its blog was small, that is, about 4 MB, and similarly, its transaction fees were quite high. Apart from this, he also has some speed issue.
[05:02] Apart from this, he also has some speed issue. His speed was also low.  So TBC not only solved these problems but also adopted some other features of Bitcoin
[05:16] decentralization and as I told you earlier that it works on UTX model. So you should understand that not only were its problems removed but its good qualities and characteristics were also adopted and it was made what it is today.
[05:33] So, this is like the vision of Bitcoin given by Satoshi Nakamoto, it works on the same principles which is the UTX
[05:45] works on the same principles which is the UTX model.  Yes, TBC is a new blockchain.  It is working on new technology and it is
[05:58] built on blockchain on top of Bitcoin. Above Layer One.  Good question, tell us Above Layer One.  Good question, tell us
[06:10] how TBC is related to Bitcoin Virtual Machine i.e. BVM? Well, as TBC has introduced the BVM machine, it is the world 's first UTX based running smart contract model.  You might be aware of Ethereum that its
[06:27] its transactions or the work it does is sequential. Like one by one his transactions happen. But what does the BVM machine inside the TVC do ?  You
[06:41] can do many tasks quickly at one time.  Like you you don't need to use diff.  No third party will be involved in this.
[06:54] third party will be involved in this. In this, the speed of your system can increase up to 97%.  Pisces runs these parallel transactions.  It will not run one by one, due to which the speed and efficiency of your system will increase and no third
[07:09] party will be involved in it.  So it implements it and works.
[07:22] Well also tell us why TBC is called Unlimited Scalable why TBC is called Unlimited Scalable and how many test nets are there so far on TPS Achieve ? Well, as I told you in the beginning, the
[07:35] Well, as I told you in the beginning, the block size of our Bitcoin was block size of our Bitcoin was limited to 4MB.  But the size of our current TVC block is up to 4GB.  So you can also call it infinitely
[07:50] scalable.  Apart from this, the latest speed recorded on its test note is 13,000 transactions per second.  That means 500 times more than Ethereum. per second.  That means 500 times more than Ethereum. So because of this you can say
[08:05] that its testing speed is also better than that, in fact it is much higher.  Apart from this, you can also use it on a large scale. For example, if you have any big data, For example, if you have any big data, then your AI on it and
[08:19] then your AI on it and also on IoT applications. present 4 MB of Bitcoin's mainnet is running.  But the one that
[08:33] is TBC has 4GB.  You look at Ethereum. Ethereum also has a few MB. Solana also has its MB.  But 4GB of TBC means too much.  Its test net speed is fast.  Well, tell me simply what is automation?
[08:49] How does it guarantee that the smart contract transaction will be completed, whether at all or not?   A good smart contract means that either the transaction will be completed or whatever amount you have transacted will be
[09:04] or whatever amount you have transacted will be returned in full. party involved in this.  Like, if you have made a transaction, then either that transaction will be completed in your wallet or wherever you are transferring it.
[09:20] That means your entire amount or your coin will be transferred.  Otherwise if it does not happen then that is a return.  Meaning it will come in your wallet only.  It is not that whatever is there between you will get stuck somewhere
[09:34] because there is no third party involved in it. So this is its biggest benefit and apart from this, since it is cross chain, transfer on it also becomes very important. transfer on it also becomes very important.
[09:56] security is very strong.  Well, let me explain how TBC explain how TBC is compatible with Bitcoin wallet addresses.
[10:10] because TBC is derived from Bitcoin, is based on its UTXO model and is a layer two on its UTXO model and is a layer two hard fork.  So the code on this is also the same, let us say that Bitcoin can be considered a type of Bitcoin but it is a little better than that,
[10:24] of Bitcoin but it is a little better than that, it was created by removing its shortcomings in its region and secondly, its power of work and it is on the UTXO model.  Third, it supports the same address format and wallet.
[10:39] Meaning that with a few changes to your Bitcoin wallet, you changes to your Bitcoin wallet, you like this that it is derived from the same but its qualities were adopted
[10:55] but its qualities were adopted and its shortcomings were removed. that TBC is working on a new technology.  There are
[11:10] many blockchains in the market, but the compromise was made on security. So the good question is So the good question is
[11:25] how is TBC building engagement and partnership with its community?  Like in collaboration with other blockchain projects like blockchain, yes, in this TBC has yes, in this TBC has
[11:39] Recently we had a big event in Hong Kong. You might also know that Hong Kong invests in TBC.  So this is one of the biggest
[11:51] security features of this because in the coming days also some events are going to happen and we have already made arrangements in Hong Kong.
[12:03] we have already made arrangements in Hong Kong. invested in TBC and has many partnerships with it.   When I went to the website, I saw that it has a lot of partners.  So right now
[12:18] this project is working at the initial level. Right now you will get it above Mxi. If you look at its price now, when our first AA happened, its price was around $6 or more. Currently, its price has come down from $16 to
[12:32] above $14.  So you can see how much the price has increased.  So sir, I think we should complete the AMA here. If you want to convey a message to some community, you can definitely do so.
[12:50] Yes, actually thank you.  You can definitely tell this in your community that you may not invest in it right now but get information about it, you should check it day by day, as you told that from $6 to $, these are
[13:06] you told that from $6 to $, these are its current rates but in future, Insha Allah, its current rates but in future, Insha Allah, it will increase further, so you should search for it, then after that, Insha Allah, you can take benefit from it.
[13:27] must do research because whatever the project is, if you do research then you will understand it.  Now, as we conduct these AMA sessions, we do it to explain things to you people come to me, I discuss them with their team.  As Mr. Sawal
[13:42] is with us today.  Thank you so much Mr. Saheb for giving us your time.  Insha Allah, whatever our next AMA is, we will definitely do it so that the community can understand what TBC is and how it is working.  Hopefully, we should complete our MA here.
[13:55] Thank you so much.  Ok Allah Hafiz. Hafiz. Thank you Allah Half.