Lightning Bitcoin (LBTC) is a peer-to-peer electronic cash system. It is an innovative experiment based on Bitcoin, and its on-chain governance system enables and separates the rights of voting and block generation. LBTC is an instant, secure, scalable and nearly free Internet-of-Value protocol for global payments. Mining rigs are no longer required for users to participate due to LBTC’s UTXO-based DPoS consensus mechanism, which enables full decentralization.

 

Basic Information about LBTC:

  • Fork Time: December 18, 2017 (GMT +8:00)
  • Fork Block Height: 499999
  • Consensus Mechanism: UTXO-based DPoS
  • Block Generation Interval: 3 seconds (fixed), may be adjusted dynamically
  • Irreversible Block Mechanism
  • Block Size: 2MB, may be adjusted dynamically
  • Does not support SegWit
  • Replay Protection added
  • Support CPU Mining
  • Total supply: 7,465,926 LBTC

 

Advantages of LBTC:

  • Decentralized
    DPoS allows LBTC coin holders to choose 101 lightning nodes to validate transactions, promoting greater decentralization
  • Instant
    Payments using LBTC protocol get confirmed in seconds
  • Fair Distribution
    All Bitcoin holder my receive LBTC for free on 1:1 ratio, the rest will be mined astringently and halved in the same way as Bitcoin
  • Nearly-Free
    The transaction fees could be as low as 0.00001 LBTC per transaction
  • Autonomous
    On-chain governance system incorporates all holders within the LBTC blockchain network into the decision-making process
  • Scalable
    DPoS provides a high level of scalability at the cost of limiting the number of validators on the LBTC blockchain network
  • Secure
    Built on the backbone of Bitcoin’s infrastructure, which has a nine-year track record of stable network

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