retrance (OP)
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February 09, 2018, 07:34:17 AM Last edit: September 03, 2019, 06:50:44 AM by retrance |
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MAKE TRANSFERS FAST AS LIGHTNING
What is Lightning Bitcoin Lightning Bitcoin is a fork of the Bitcoin blockchain. By adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin improves transaction speed, promotes decentralization and also supports smart contracts. Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system.
The ticker of Lightning Bitcoin is LBTC.How to claim LBTC The original bitcoin holders can claim LBTC at a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block 499,999 (Dec. 18th, 2017). Please only use links provided by this post, website, twitter or official telegram.Why does LBTC use DPoS instead of PoW LBTC employs the DPoS Consensus Mechanism, which implements technological democracies to offset the negative effects of centralization problems posed by the PoW algorithm. As a result, true decentralization can be achieved with the voting right in the hands of the token holders, which ensures to maximize shareholder profitability and the network effect, minimize the costs of maintaining cybersecurity and the cost of operating the network. Significantly reduced the number of participating verification nodes, LBTC can reach the consensus in seconds, and the transaction speed is really FAST as lightning.Features Advantages IoV Protocol Roadmap How to forge LBTC First, one need to download the wallet and register as delegate. One address can register as one delegate. Then you can vote for yourself or ask others to vote for you. The number of votes is the number of LBTC held by the voting address. The top 101 addresses that get the highest number of votes can be regarded as bookkeeping nodes. The ranking and votes can be seen in the block explorer.
The previous steps can be completed through the light wallet our the full node wallet, but if you're elected as a bookkeeping node, you need to run the forging process in the full node wallet. The detailed tutorial can be found in LBTC website.
FAQ 1. LBTC ticker. Lightning Bitcoin ticker is LBTC. You would notice that some coins have similar tickers. However, Litebitcoin (LBTC, LBTCX) and Bitcoin Lightning (BLT) are the coins that are not related to Lightning Bitcoin. Please be aware and double check the name before making any transactions.
2. How to claim LBTC? How does this airdrop of LBTC work? A bitcoin holder is credited with Lightning Bitcoin based on a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block height 499,999. You can find the official wallet and the tutorial on our website: www.lbtc.io
3. Why are LBTC prices different on each exchange? Some of the exchanges haven't install the LBTC wallet yet. Currently, the following exchanges support LBTC deposit and withdraw: -https://www.digifinex.com/ -https://www.coinegg.com/ -https://www.zb.com/ -https://www.btctrade.im/ -https://www.aex.com/ -https://yobit.net/en/ -https://www.bcex.ca/coins -https://kkex.com/ -https://exrates.me/ -SWFT.pro
4. Are there any bounty programs for LBTC and how can I contribute? Yes! Anyone can contribute to the LBTC community by writing articles, setting up promoting groups, and contributing source codes. The detailed rules will be posted on Medium in weeks.
5. Does "3sec + 2MB" imply that the blockchain increases by 40MB/min and 57GB/day? The actual block size depends on the amount of transactions during that specific 3 seconds. Normally, the block size is less than 1KB in the beginning. Therefore, 57GB per day is a hypothetical growth with maximum loading.
6. Does LBTC have pre-mine? And, how does the LBTC committee provide funding to build the ecosystem? There is no pre-mine. However, the Lightning Team will build a security node to make sure that the mainnet works smoothly.
The addresses that have no transactions or only inflows with less than 1 BTC accumulated since Jan 31th 2013 are defined as inactive addresses. We took LBTC from those inactive addresses for ecological construction, such as algorithmic research, smart contracts and DApps development, community rewards and global promotion.The full node wallet and light wallet will be managed by the LBTC foundation. We reserve the rights to return LTBC back to these inactive addresses upon request.
7. What are the inactive addresses? Please refer to this Medium article: https://medium.com/lightning-bitcoin-blog/lightning-bitcoin-inactive-addresses-list-93bc034f5787
8. Are LBTC and Lightning Network related? What's the difference? Lightning Bitcoin is a hard fork of Bitcoin; Lighting Network is an off-chain protocol built on Bitcoin. It is important to address that these two projects are not related to each other. The only two things that Lightning Bitcoin and Lightning Network have in common are the desire to propose solutions to Bitcoin's scalability problem and the word “Lightning” ^^.
9. Is LBTC open source? Lightning Bitcoin is open source: https://github.com/lbtcio/lbtc-core.
10. How to get the LBTC back if they were sent to a segwit address by mistake? LBTC mainnet doesn't support segwit! If a LBTC was sent to a segwit address, it will be lost forever. Therefore, NEVER SEND YOUR LBTC TO A SEGWIT ADDRESS!
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Sam67
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February 09, 2018, 07:41:09 AM |
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Russian translation reserved!
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jaxgaret
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February 09, 2018, 07:45:41 AM |
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italain translation reserved
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sxafir
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February 09, 2018, 07:48:10 AM |
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There is some testing before mainnet launch?
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coly20032003
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February 09, 2018, 07:48:52 AM |
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This is great! Waiting for the bounty details. Thanks.
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lastguy3000
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February 09, 2018, 08:18:29 AM |
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Reserving Turkish translations!
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BlackSnow89
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February 09, 2018, 09:22:24 AM Last edit: March 19, 2018, 10:30:46 AM by BlackSnow89 |
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Pool for this coin: https://lbtc-pool.io/ - vote and get rewards every day!!!
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LightningBitcoin
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February 10, 2018, 11:05:28 AM |
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There is some testing before mainnet launch?
Testing has been successfully completed! Mainnet was launched on February 4
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Dino094
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February 10, 2018, 02:37:19 PM |
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German translation reserved!
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Miiike
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Wait... What?
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February 10, 2018, 02:48:48 PM |
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I see that your list of exchange, although extensive, is not too popular. Is there a possibility that some better-known exchange will follows?
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timbodine
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February 10, 2018, 09:18:26 PM |
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Offering LBTC OTC at 0.01BTC. Contact me if interested.
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Adi1947
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February 10, 2018, 09:25:23 PM |
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How can i mine this coin ?
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vingaard
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February 10, 2018, 11:24:37 PM |
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Is there any delegates pool? or wich delegates will share their profit if I vote them?
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LightningBitcoin
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February 11, 2018, 03:44:10 AM |
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How can i mine this coin ? Become bookkeeping node and get rewards for forging blocks. Read about DPoS consensus
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JayneL
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February 11, 2018, 09:50:10 AM |
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Tagalog/Filipino Translation Reserved
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Dino094
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February 11, 2018, 01:30:49 PM |
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French translation reserved!
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vingaard
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February 11, 2018, 06:08:53 PM Last edit: February 13, 2018, 02:09:24 PM by vingaard |
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Is there any delegates pool? or wich delegates will share their profit if I vote them?
No answer?... so... I have to asume that there is no pool... so... I think there aren't votes from my side... I will support delegates who share benefits or a pool but not particular delegates in order to make them rich.
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tazmako
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XDNA - Most innovative cryptocurrency in 2018
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February 11, 2018, 06:28:14 PM |
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Xandan
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February 11, 2018, 06:33:42 PM |
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There is a typo mistake in introduction section where how to claim lightning Bitcoin is written. There correct date when fork happened should be December 18,2017 instead of coming ones. I also had few Bitcoins at that block numbers and will keep watching where it goes before claiming the new coins.
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