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【Bi-weekly】LBTC report

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Important Milestone

LBTC Open Source and Lightning Node Election Press Conference

June 21st, the LBTC Open Source and Lightning Node Election Press Conference was successfully held at Grand Hyatt Shanghai, Jinmao Tower! We invited the most influential guests of the industry to join the conference with us: BTCC vice president Qianjie Zhao, AISI founder Mr. Bug, ExNow CEO Kunyun Li, Digifinex founder A Xiong, ASCH founder Qingfeng Shan, Bying Wal

let founder Wei Liao, Cobo Wallet founder Shenyu, BOX & 2se.com founder Damo, and so on. At the same time, more than 70 media were there to witness the development of LBTC.

According to LBTC Chinese community leader Jack Zhang, leader of LBTC dev team, and leaders of LBTC European community, LBTC is expected to carry out the on-chain governance and the exchange/gateway function in the second half of this year.

Lightning Node Election has begun!

Lightning Node Election has begun at June 21st. The rules of which have been published in forum (chat.lbtc.io) and WeChat official account. 101 lightning nodes are responsible for bookkeeping, maintaining network security, and contributing to LBTC's ecological construction. The requirements and detailed process can be found in the article.

WeChat article: https://mp.weixin.qq.com/s/ycZhIyNH8MDI1d7lP_eWrw

Forum article: https://chat.lbtc.io/forum/23-lightning-node-election-闪电节点竞选/

Technical Improvement

After open source, the LBTC team is preparing for the Lightning Node Election.

Welcome devs to join our Discord group.

Of full node wallet, we launched the new edition: v1.1.2.

And of the block explorer, we restored the problem of the untimely display of the nodes, restored the problem of the incorrect sorting of the votes, added the warning function of the nodes’ state, added the function of monitoring delegates bookkeeping situation, and optimized the speed of displaying the transaction info, to ensure that even when a block contains a large number of transactions, it can still run smoothly.

The dev team now is focusing on the code of election, and is expected to upgrade before the result is announced.


LBTC wallet update

LBTC full node wallet latest version: v1.1.2.

This version restored the occasional failure of delegates’ bookkeeping in v1.1.1.

Please download the latest version on official website.

New official website is online

Chinese language is supported in official website now! Besides, we added or updated the introduction video, team members, news, roadmap, FAQ, press kit, circulation, and multi version of explorers. Go check out our new website!


Now we’re finding more enthusiasts to join our big family!


- Proficient in 2 and more languages.

- 1-3 years of experience in community operation.

- Bachelor's degree or above.

- Familiar with blockchain, and/or finance, IT and other related experience is preferred.

- Have strong interest or deep understanding of WeChat, Twitter, Telegram, Slack, Reddit, Instagram or other social platforms.

- Able of planning activity and good at writing.

 Working place: Jingan Dist., Shanghai 

Open source


Community Progress

Bounty Program is about to be online

According to Kristina, the LBTC Russian community leader, the LBTC community is about to launch a website of Bounty Program. Users can complete the listed tasks and get rewards at the end of the period. It’ll improve the user experience when enthusiasts participating in the Lightning Plan in all directions.

Once again, we welcome all the supporters to join our community and make contributions!

LBTC Promotional Video Chinese Version is out!

The video introduces LBTC from three aspects: Basic Idea, Technical Architecture and Development Vision. 

The LBTC video can be downloaded in our official website, which helps the community to understand LBTC in a short period of time and promote the idea further. 

Currently, the English version is making in process and will be released next week. 

Video Link:

LBTC needs support from the Reddit community
Reddit is an American social news aggregation, web content rating, and discussion website. Its slogan is “The front page of the Internt”. 

Registered members submit content to the site such as links, text posts, and images, which are then voted up or down by other members. Posts are organized by subject into user-created boards called "subreddits", which cover a variety of topics. Submissions with more up-votes appear towards the top of their subreddit and, if they receive enough votes, ultimately on the site's front page.

LBTC’s Reddit page is created by a community member and becomes our important external gateway. We need more community members to contribute contents and improve the popularity of LBTC page on Reddit. 

You are welcomed to log into Reddit to leave comments, vote for posts and express opinions on the LBTC page.

Reddit Link:

LBTC Conference Article on Bihu’s Hot List
At the LBTC conference, many medias and We medias were invited to witness the growth of LBTC.There have been more than 30 interview articles published about the conference.

Among these articles, the one on Bihu, written by one of our community members, has gained 433 approves and listed on the hot list.

Bihu is a blockchain-based social media platform. KEY is the utility token for both Bihu ID and Bihu Community. KEY is used to incentivize content generation within the Bihu Community, as well as the primary method for good content discovery. KEY also is the value exchange method within the Bihu Community, such as tipping between users. Bihu Community is an platform for crypto investors to share and obtain token-investment-related information. On Bihu, excellent content is praised by KEY points held by users.

Community members are welcomed to post articles about LBTC across multiple platforms. 

Bihu Article Link:  https://bihu.com/article/749173


LBTC Fans Community Created a Wechat Public Account
LBTC Fans Community released a WeChat public account: LBTC Fans Community. 

This WeChat public account focused on LBTC related news, developments and communities.There have been 4 articles published under the account, which were written in a playful way. 

At the same time, the Fans community also introduced the "True Glitter Meeting" "Truth" Q & A session, the face-to-face session of flash powder, and many new tricks.

The community members are welcome to follow the WeChat public account and participate more offline quiz activities! 

Furthermore, LBTC fans are encouraged to submit articles and receive rewards!  

LBTC Blooper Released!
Except live broadcast and professional recordings, the LBTC team also prepared a blooper. 

The blooper includes the welcoming of guests and conference preparation. 


DeepChain’s LBTC Review: Hard Power is too Hard, Soft Power is Too Soft
DeepChain has done a review on LBTC and published an article called “LBTC: More Decentralized Bitcoin Fork Coin, Hard Power is too Hard, Soft Power is Too Soft”. 

The article gives a comprehensive analysis on LBTC’ from four aspects: Decentralization, Speed and Cost, Payment Function, and Risk and Deficiency. 

1. For LBTC, DeepChain thinks it is developing towards to decentralization. 
2. LBTC is suitable to payment scenarios. Preliminary payment applications will provide the basic logic for value growth. 
3. LBTC might be seriously undervalued. 

Original Article Link: 

Community Activities
Jack Zhang’s Webo Lucky Draw Activity 
In order to celebrate the success of LBTC press conference, LBTC Chinese community leader, Jack Zhang, conducted a Lucky Draw activity on Webo.  

Follow Jack Zhang’s Webo account (@点付大头ChainFunder)and LBTC Webo account (@LBTC闪电比特币) and forward the lucky draw message. 

The deadline is June 1st, 2018. By then, 15 fans will be chosen to get rewards including TmallGenie, Mobile Lens and Sunscreen Spray. Rich rewards, Good luck everyone! 

 The full version of the video
On June 21st, the full version of the video has been uploaded. The field rocker camera recorded the scene more comprehensively in the video. 









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