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[ANN][LBTC]Lightning Bitcoin | First DPoS fork of BTC

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Official Website

Light Wallet (Windows 64x)
Full Node Wallet (Linux 64x)

Download please go to the official website above.


Social Media
Twitter https://twitter.com/LightningBTC
Telegram (News Channel) https://t.me/LightningBTC_news
Telegram (English) https://t.me/LightningBTC
Telegram (Russian) https://t.me/Lightning_Bitcoin_LBTC
Telegram (Chinese) https://t.me/LightningBTC_CN
LBTC Fans (Chinese) http://lbtcfans.com/
Medium https://medium.com/lightning-bitcoin-blog
LBTC Forum http://chat.lbtc.io

English ANN https://bitcointalk.org/index.php?topic=2908497
Rusian ANN https://bitcointalk.org/index.php?topic=2908692
Chinese ANN https://bitcointalk.org/index.php?topic=2908478
Spanish ANN https://bitcointalk.org/index.php?topic=3171267

Support  support@lightningbitcoin.io
Cooperation  icey@lightningbitcoin.io


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.



IoV Protocol



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.

LBTC future



1. LBTC ticker.
Lightning Bitcoin ticker is LBTC. You are right if you noticed that some coins have similar ticker or differ only by one letter. Litebitcoin (LBTC, LBTCX) and Bitcoin Lightning (BLT) are coins that are not related to Lightning Bitcoin. Please be careful and check the spelling before any manipulation with cryptocurrencies.  

2. How to claim LBTC? How does this airdrop of LBTC work?
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. You can find the official wallet and the tutorial on our website.

3. Why price is so different in different exchanges?
Some of the exchanges haven't install LBTC wallet yet. This situation should be solved in March.

4. Are there any bounty systems, how can I contribute?
Yes! Anyone can contribute by writing articles, setting up promoting groups, or coding. The detailed rules will be posted on Medium in weeks.

5. 3sec + 2MB means the blockchain increases by 40MB/min and 57GB/day?
The actual blocksize depends on the transactions during this 3 seconds, and normally it's less than 1KB at the beginning, so 57GB per day is a hypothetical growth with maximum loading.

6. Does LBTC has premine? How do you get the money to work things out?
There is no premine, but Lightning Team will build a security node to make sure the network works at earlier stage.

The addresses that have no transactions or only inflows less than 1BTC accumulated since Jan 31th 2013 are defined as inactive addresses. We took LBTC from inactive  addresses for ecological construction, such as algorithmic research, smart contracts and DApps development, community rewards and global promotion.The wallet will be managed by LBTC foundation. We reserve the rights of these inactive addresses to claim their LBTC back.

7. 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 underline that these projects are not related to each other.  The only thing that Lightning Bitcoin and Lightning Network have in common is the desire to propose solutions to the Bitcoin scalability problem and the word “lightning” Smiley.


8. Is LBTC open source?
Currently, the Light Wallet is open source: https://github.com/lbtcio. The rest of codes will be open source once the mainnet is stable. The LBTC open source press conference will be held in Shanghai on June 21st, 2018. More information will be shared on our social media channels. 

9. 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!


Edited by Return...

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