Hello steemians we know about bitcoin cash, gold, diamond and superbtc Then whole new fork named LBTC (lightning bitcoin) coming at block 499,999 estimated time is around December 17.
What is lightning bitcoin ?
Lightning bitcoin is first fork adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin will improve transaction speed, promote decentralization and support smart contracts. Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system.
3 seconds per block with 2M blocksize design could support 1,000 to 10,000 transactions per second, and completely solved the most contended bitcoin congestion problem, and increase the adoption and utilization.
Why DPoS ?
LBTC employs the DPoS Consensus Mechanism, which implements technological 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 effect, minimize costs of maintaining cyber security 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.
Comparison
Currently 20 + exchange are supporting LBTC and i saw some popular exchanges in that. i hope lightning bitcoin will solve current high transaction fee and slow confirmation. And original bitcoin holders can claim LBTC at a 1:1 ratio, the rest will be distributed through forging in a convergent manner, while the block rewards halves in every four years.
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You got a 0.20% upvote from @postpromoter courtesy of @jout!
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Hello, thank you for posting this news. I haven't heard about it. So, the split will happen tomorrow?
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yeah tommorow or day after when block 499,999 found.
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You got a 2.52% upvote from @allaz courtesy of @ronnn!
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This post has received a 10.00% upvote from @msp-bidbot thanks to: @ronnn. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
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4.62% @pushup from @ronnn
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