TBC has launched as a hard fork of Bitcoin, introducing significant upgrades including 4GB block capacity and UTXO-based smart contracts through the BVM. This new platform aims to enhance Bitcoin's scalability and performance while maintaining its core principles of decentralization and security. TBC also features a cross-chain mechanism for migrating Bitcoin inscription assets and supports TBC20 and TBC721 protocols for fungible and non-fungible tokens. To foster development and adoption, particularly in the Asia-Pacific region, TBC has established a $20 million ecosystem fund to support developers and applications.