Difference between revisions of "Lightning Bitcoin (LBTC)"
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Latest revision as of 08:55, 23 January 2022
Basics
- One of the many forks off of Bitcoin in late 2017
- Lightning Bitcoin forked from Bitcoin at block 499,999 on December 18, 2017, and migrated to a Proof-of-Stake consensus algorithm. The project is built on the Bitcoin Core codebase.
- Lightning Bitcoin is a Bitcoin fork that chose to migrate to a Proof-of-Stake to focus on increasing on-chain transaction throughput speed and reducing transaction fees with an emphasis on community involvement via delegated governance and voting for protocol changes.
- Lightning Bitcoin’s supply is capped at 21 million LBTC, and at the fork, Lightning Bitcoin credited 1 LBTC for every 1 BTC. But when the main net went live, addresses with unclaimed LBTC were prevented from claiming the forked coins.
