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What is LBTC Lightning Bitcoin LBTC Lightning Bitcoin Introduct

Date:2024-05-17 21:03:24 Channel:Exchange Read:

LBTC Lightning Bitcoin, as an emerging cryptocurrency, has attracted widespread attention since its launch. LBTC is the abbreviation of Lightning Bitcoin, which is an innovation developed based on Bitcoin's blockchain technology. The emergence of LBTC Lightning Bitcoin has brought new possibilities to the field of digital currency. Let us deeply explore the background, characteristics and future development prospects of LBTC Lightning Bitcoin.

The core concept of LBTC Lightning Bitcoin is to improve the transaction speed and scalability of Bitcoin to solve the problems of Bitcoin blockchain network congestion and high handling fees. LBTC adopts the DPoS consensus mechanism and supports the Lightning Network, which greatly improves transaction confirmation speed and reduces transaction costs. This design greatly enhances the usability of LBTC in actual payment and transfer scenarios, providing users with a more convenient and faster transaction experience.

The launch of LBTC Lightning Bitcoin is not only a technological innovation, but also a challenge to the traditional model in the digital currency field. The limitations of traditional Bitcoin in transaction speed and scalability have always been the focus of the industry, and LBTC Lightning Bitcoin is expected to break this situation and bring new development opportunities to the entire industry by introducing innovative technologies such as Lightning Network.

In the development of LBTC Lightning Bitcoin, community building plays a vital role. The LBTC community continues to attract technology enthusiasts and digital currency investors from around the world, who jointly discuss the future development direction of LBTC, make suggestions for improvements, and participate in node voting and community governance. This open and inclusive community atmosphere has laid a solid foundation for the long-term development of LBTC.

With the continuous evolution of blockchain technology and the continuous improvement of LBTC Lightning Bitcoin, people are full of expectations for the future of LBTC. As a potential digital currency, LBTC is expected to play an important role in the future financial system and contribute to the development of the global digital economy.

In general, LBTC Lightning Bitcoin, as an innovative cryptocurrency, is not only a technological innovation in the field of digital currency, but also a challenge and breakthrough to the traditional model. As LBTC continues to develop and grow, I believe it will shine brighter in the future digital currency market and bring users a more convenient and secure digital asset trading experience. Let us wait and see, witness the future path of LBTC Lightning Bitcoin, and jointly explore new possibilities in the field of digital currency!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


What is LBTC Lightning Bitcoin? Lightning Bitcoin
Bitcoin), referred to as LBTC, is a new digital currency generated by the Lightning team through a hard fork of Bitcoin in order to solve the problems of miner centralization and transaction congestion in Bitcoin. In addition, Lightning Bitcoin and Lightning Network (Lightning Network)
Network) technology has nothing to do with it. The improvement in LBTC transaction speed is not achieved through this technology.

LBTC was highly forked at Bitcoin block 499999 on December 23, 2017, with a circulation of 21 million and does not support SegWit.

LBTC main features:

1. The DPoS (Delegated Proof of Stake) consensus mechanism can separate voting rights and accounting rights, making the tokens less likely to be kidnapped by any party. Users using non-dedicated mining machines can also participate in mining resistance, which is said to solve the centralization problem.

2. The block interval is 3 seconds and the block size is 2M, which can solve the widely criticized network congestion problem of Bitcoin and increase its practical value.

3. Those who originally held Bitcoin can get LBTC on a one-to-one basis, and the rest will be released through mining. The block reward will be halved every four years, just like Bitcoin.

4. LBTC mining has low entry barriers and does not require professional mining machines; the transaction speed is also fast, so it can directly affect transaction costs and keep handling fees reasonably low.

5. Smart contracts can issue assets and establish applications on the chain, making LBTC a token that combines value and utility.

LTBC’s roadmap:

2017.12.23 High fork in Bitcoin block 499.999

Launched DPoS mechanism on 2018.12.25, reaching 1.000 transactions per second

Smart contract launched in Q3 2018

2018 Q4 DApp can start to be created

2020 Q1 Upgrade to 10,000 transactions per second, with long-term goal of reaching millions per second

About the LBTC team

Lightning
The members of the Bitcoin team mainly come from the Bitcoin, lisk, DASH, and Ripple communities, concentrated in Sweden, Russia, Lithuania and other countries. The person in charge of the Chinese community pays the bulk of the payment, and the big head of the payment is the namer of Ripple and the investor of NEO and IOTA projects.

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