LTBTC
Lightning Bitcoin
$0.2414
0.00%
Lightning Bitcoin
LTBTC
$0.2414
0.00%
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Lightning Bitcoin Information
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About Lightning Bitcoin
Lightning Bitcoin (LBTC) is a Bitcoin fork that implements Delegated Proof-of-Stake (DPoS) consensus and UTXO for a fast, low-cost global payments network. It supports peer-to-peer payments, DEX functionalities, and a community-governed framework for network upgrades, aiming for decentralised, scalable blockchain solutions.
Lightning Bitcoin (LBTC) is a decentralised cryptocurrency that emerged as a Bitcoin fork in December 2017, aiming to enhance transaction speeds, scalability, and decentralisation. LBTC operates as an "Internet-of-Value" protocol, focusing on high-speed and low-cost transactions across a global payments network. The project incorporates Delegated Proof-of-Stake (DPoS) consensus, enabling users to vote for network validators, known as "lightning nodes," which confirm transactions. This setup allows LBTC to process transactions nearly instantly with minimal fees, making it viable for scalable, low-cost financial applications.
Lightning Bitcoin is designed for peer-to-peer payments, global remittance, and instant, secure transactions on exchange platforms. LBTC's infrastructure supports governance on-chain, where holders can vote for network changes and protocol upgrades. This governance model encourages community involvement in the LBTC ecosystem. The platform also includes support for custom token issuance, enhancing its utility in decentralised finance (DeFi) and other blockchain-based applications. Additionally, LBTC aims to solve some limitations seen in the original Bitcoin network by providing faster transactions and a lower-cost payment experience.
Although 'LBTC' was the ticker assigned at the deployment of the Lightning Bitcoin token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'LTBTC' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
