The First DPOS Lightning Bitcoin Hard Fork is on the Way

[scanpay]

After Bitcoin Gold, Bitcoin Diamond and Super Bitcoin, another forked-coin Lightning Bitcoin is coming on the way. Initiated by an European team, Lightning, the project will become the first forked-coin that adopts the DPOS consensus mechanism.

Fork at Block 499,999

The new project Lightning Bitcoin (LBTC) will fork at block 499,999 on or around December 23, 2017. Why lightning? The team aims to make Bitcoin transfers as fast as lightning, or at a maximum of 24 million transactions a day. How can that happen? The answer is the DPOS mechanism, according to the project’s proponents.

The POW mechanism has long been discussed as the cause of mining centralization and network congestion. Daniel Larimer, author of Delegated Proof-of-Stake Whitepaper explained that miner tycoons control block time to maximize their interests, which will ultimately along with all POW systems be controlled by the fiat system. As such, the Lightning team employs DPOS mechanism that gives voting rights to token holders to avoid control of the system by any party. According to its official website,

"The DPOS consensus will significantly reduce the number of participating verification nodes and help LBTC reach consensus in seconds and boost the transaction speed to really be as FAST as lightning."

Who is Behind the Project?

The project hasn’t revealed its development team today, except for the Chinese community leader “Jack Zhang”. But on its website we can see that they already got support from exchanges CEX.io, BTCC, gate.io and Coldlar wallet.

The Initial Fork Offerings Craze

Since Bitcoin Cash came out, Initial Fork Offerings have become a trendy way for new blockchain projects to receive funding. Now we have witnessed the success of Bitcoin Gold(BTG) and Bitcoin Diamond(BCD). Despite concerns about its security problems, BTG ranks in the top 5 for market cap. And the newcomer BCD has been listed at over 30 exchanges worldwide. With these successful examples, there will be more projects bearing the name of Bitcoin to save listing and advertising fees.

[MiiDoViic]

Okay? So The best way to bring attention to the coin not only they used the name bitcoin for their coin but also Lightning from (The Lightning Network) ? Those forks diggers really don't waste anytime huh. Any no matter how hard they try to take the light from bitcoin they will never succeed ,look at bitcoin cash already.

[talkbitcoin]

another forked-coin Lightning Bitcoin is coming on the way.

Fork at Block 499,999

The new project Lightning Bitcoin (LBTC) will fork at block 499,999 on or around December 23, 2017.

you are talking about this in future tense as if it is going to happen in the future.
but the data you are giving us is for the past. a long way in the past.
block 499,999 was mined 5-6 days ago on 2017-12-18 18:34:47

currently bitcoin is at block height 500,675 and growing.

ps. since this is an altcoin i suggest moving it to appropriate board if you don't want it to be deleted.

[Rickirs]

How many actually ?
Thats now lots of Bitcoin name sake out there.

[xibeijan]

How can I get a bunch of this coins?

[khanhnv6]

How do I exploit this coin?

[olubams]

Here we go again with another forked coin, the next one would be about thunder rather than lightening with about seven line up to happen before the end of January this is also adding to the list. I think this is just as a result of the difficulty most developers are having with running a successful ICO and they see forks as another avenue to still achieve that objective of just coming to disrupt the market with forks all over the place.

[LightningBitcoin]

The main net of Lightning Bitcoin [LBTC] is going to be launched in a week.
Don't forget to claim your LBTC through our official wallet!

[covert24]

It's like people aren't even trying anymore....  If you are going to try and shit post about one of your new scam coins, at least make it worthwhile to read the ANN for a few minutes.  Come on, people....

[ulhaq]

Are 3-second block times feasible? How long does it take for the transactions to propagate around the world, I don't see how there is time for a 3-second block while maintaining high security.

Is this a plausible solution to bitcoin scaling problems? Are there going to be storage concerns? There will be 200 lightning bitcoin blocks for every bitcoin block.