This content is provided by a sponsor. TBC (TuringBitChain) is a blockchain project developed as a hard fork of Bitcoin, designed to deliver scalable, secure, and cost-efficient peer-to-peer digital transactions. Built on Proof of Work consensus and the UTXO model, TBC focuses on supporting large-s

The Bitcoin Contract Layer has experienced a key turning point from concept to implementation. TBC (The Bitcoin Contract), as the native contract base of Bitcoin, establishes programmability for BTC through a verifiable architecture, evolving it from a store of value asset into a programmable financial infrastructure. BTF (Bitcoin Finance) has taken the lead in completing the liquidity closed loop by adopting the Snowball protocol to bind net holdings, liquidity, and long-term incentives into a sustainable structural model.

This content is provided by a sponsor. The development of blockchain has reached a new inflection point as the Bitcoin ecosystem advances toward broader utility, higher performance, and improved scalability. In this context, TBC introduces a technological framework designed to extend the

传统金融（TradFi）未能充分受益于现实世界资产（RWA）代币化。这种脱节抑制了现有 RWA 协议的发展势头，使新进入者苦寻流动性，尤以私营信贷领域感受最为深切。 Web3 风投公司通过承担风险扩大投资组合，已在代币化 RWA 生态系统中开辟了早期流动性提供者的利基市场。 然而，大型金融机构似乎持谨慎态度。目前展现独特优势的代币化 RWA 数量有限：这些优势包括 TradFi 中缺失的降风险、高回报机会，切实的成本节约，或敏捷的二级市场流动性以支持灵活的投资策略。 本篇精选长文由奔跑财经·Web3.0研读室翻译自Robby Greenfield的《Solving for