What is the Lightning Bitcoin fork? Everything you need to know!
Lightning Bitcoin (LBTC) Forked
Lightning Bitcoin Price:
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.
LBTC employs the DPoS Consensus Mechanism, which implements digital democracies to offset the negative centralization effects posed by the PoW algorithm. As a result, with voting right in the hands of the token holders, a true decentralization can be achieved. This ensures maximization of shareholders profitability and network efficiency, minimises costs of maintaining cybersecurity and operating the network. By significantly reducing the number of participating verification nodes, LBTC can reach consensus in seconds and boost the transaction speed to really be as FAST as lightning.
LBTC holders can vote for bookkeeping nodes, who will be elected and nominated according to weighted votes received.
Fork Symbol: LBTC
Lightning Bitcoin Fork Date: 2017-12-19 00:00:00
Fork Block: 499999
Forked From: Bitcoin
Total Coin Supply: 21,000,000
Total Public Coin Supply: 21,000,000
Pre-Mined Coins: 0
Mining Hardware: CPU
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