LBTCers

LBTCers — the most interesting blockchain community.

The official website

https://lbtc.io/

http://lightningbitcoin.io/

LBTC project introduction

1. What is LBTC?

Lightning Bitcoin (LBTC) is a decentralized global value Internet transfer protocol with specific applications including peer-to-peer payment and trading platforms. Any user who accepts LBTC can use LBTC almost free of charge to ensure the real-time and security of transactions.

Details can be found in the video:

play

2. Problems to be solved by LBTC

Delegates with DPoS and on-chain governance system LBTC allows the user to vote for the motion of building the network, Delegates can directly elect the Delegates who are fit to become the lightning accounting node, so that everyone can participate in the LBTC ecology, thereby solving the centralization of PoW.

Supplemented by a new type of chain management at the same time, in the form of a vote community chain implementation LBTC unified development of differences, so as to avoid similar COINS community split occurred, the other will also be in LBTC and chain based on the development of intelligent contracts realize DAPP, based on the currency code at the bottom of the new ecological security + smart contracts.

3. Why DPoS instead of PoW?

LBTC adopts DPoS consensus mechanism to offset the negative effects brought by centralization through the implementation of science and technology democracy, and to overcome the problems of high consumption and centralization of mining caused by PoW algorithm. In this way, complete decentralization can be achieved. The voting rights are held by the holders, which maximizes the profits of the shareholders. Minimizing the cost of maintaining network security and the cost of running the network, and maximizing the effectiveness of the network, greatly reducing the number of participating verification and chapter points. Lightning Bitcoin can reach the consensus verification of the second meter, making the transaction speed really fast as lightning.

 

4. Horizontal comparison of LBTC

5. LBTC advantage




6. IoV protocol of LBTC

7. LBTC Roadmap (planned in early 2018)

LBTC ecological imagination

1. Pay

Based on the fact that LBTC is a forked coin of BTC, it has not been publicly issued and does not belong to securities assets. It is expected to be deeply promoted in the regulatory market, such as Japan. At present, there are legal license exchanges and communities in Japan to promote cooperation.

 

2. Intelligent gateway

Based on the function of LBTC high concurrent payment, the code gateway will be developed. This gateway will become a 2.0 gateway, effectively performing the functions of a decentralized exchange. Not only can decentralization be realized to ensure user transaction security, but also resources can be connected to carry out initial purchase and sale of tokens. In doing so, not only do you reward community participation benefits, but you also gain new users of the network.

 

3. Smart contracts and DAPP ecology

From the beginning, LBTC’s vision was to combine the strengths of Bitcoin, Ethereum and EOS into a token of value and utility all in one. As an important part of the public chain ecosystem, smart contract will bring more infinite possibilities to LBTC.

 

4. On-chain governance

Blockchain governance system is also an integral part of the whole ecology. LBTC will take the form of on-chain governance to empower communities and users and empower participants who truly care about the community and are bound to the interests of the network. Only in this way, can the greater degree of regional centralization provide greater possibilities for the development of LBTC community.

LBTC market docking

1. The replenishment exchange is now open

DigiFinex.com

BtcTrade.im

CoinEgg.im

AEX.com

ZB.com

Exrates.me

SWFT.pro

KKEX.com

 

2. The eco-wallet

Official Light Wallet (Windows 64X): see the official website

Official full Node Wallet (Linux 64X): see the official website

Bying: http://www.bying.io/

Cobo: https://cobo.com/

Bitpie: https://bitpie.com/

Hyperpay: https://www.hyperpay.tech/

Important FAQ

1. Short for Lightning Bitcoin?

Short for LBTC, Bitcoin Lightning is a different project from LiteBitcoin (LBTC, LBTCX) and Bitcoin Lightning (BLT), Please confirm that the full name of the LBTC is Lightning Bitcoin.

 

2. Does a 3sec +2MB block mean that data is growing at 40MB/ min / 57GB/ day?

The true block size depends on how many transactions are made within three seconds, and the starting size is generally less than 1KB, with 57GB/ day being the maximum that can be carried.

 

3. Is LBTC pre-dug? How did you get the funding?

The Lightning Team does not pre-dig, but in order to ensure the normal operation of the main network, the Team will build a safe node to participate in the block production, and timely exit when the network is stable. At the same time, we will be on January 31, 2013, again not to transfer or only to less than 1 COINS and cumulative address as an active and inactive LBTC address will be used in future ecological construction, wallet will by the foundation management, algorithm research, the development of intelligent contract tools, DAPP development, community rewards and promotion of the world. At the same time, we retain the ownership of these LBTCS by inactive addresses for four years, which can be taken back to the original address at any time.

 

4. Inactive address list?

https://medium.com/lightning-bitcoin-blog/lightning-bitcoin-inactive-addresses-list-93bc034f5787 (English)

Mp.weixin.qq.com/s/DobudhO6R… (in Chinese)

5. Is there a relationship between lightning Bitcoin and lightning network? What is the difference?

Nothing. Lightning Bitcoin is a hard fork of Bitcoin, and Lightning Network is an off-chain protocol based on Bitcoin. The only relationship between the two is that they both have “Lightning” in their names.

For details, please refer to:

https://www.zhihu.com/question/273612753

6. Will LBTC’s code be open source?

Lightning Bitcoin code is now open source:

https://github.com/lbtcio/lbtc-core

Welcome to check it out and join the LBTC development community to reap development rewards.

 

7. If LBTC is incorrectly typed to segWIT address, how to retrieve it?

LBTC does not support SegWit addresses! The SegWit address can be an address starting with 3 or BC1. The latest version of LBTC Light Wallet filters out the address starting with BC1, that is, it does not allow transfer to the address starting with BC1. The IP addresses starting with 3 cannot be filtered because they are script addresses. If the LBTC is transferred to the SegWit address starting with 3, the transfer can be successful, but the LBTC in the address cannot be transferred out. Therefore, do not transfer LBTC to SegWit address, otherwise LBTC will be lost!

 

Important Reports at Home and abroad

Why Cross-Chain Technology Matters in The Crypto World 

https://www.entrepreneur.com/article/317074

Lightning Bitcoin: A Bitcoin Fork with Potential to Make Inroads in Future 

https://www.coinschedule.com/blog/lightning-bitcoin-a-bitcoin-fork/

Lightning Bitcoin The DPoS based Forked Bitcoin

Lightning Bitcoin The DPoS based Forked Bitcoin

Lightning Bitcoin Implements DPoS, Set to Become the Best Blockchain Protocol 

Lightning Bitcoin Implements DPoS, Set to Become the Best Blockchain Protocol

Opinion: Why this so-called solution doesn’t work to scale blockchain transactions 

https://www.techinasia.com/talk/segwit-doesnt-work

The First DPOS Lightning Bitcoin Hard Fork is on the Way 

https://news.bitcoin.com/the-first-dpos-hard-fork-lightning-bitcoin-is-on-the-way

Lightning Bitcoin featured on NASDAQ billboard in the middle of New York’s Times Square! Share LBTC resolution with the world 

 

LBTCers

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