Lightning Bitcoin (LBTC)

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Revision as of 10:02, 13 August 2019 by wiki_crypto>Zeb.dyor (Created page with "== 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 ...")
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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.
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