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Lightning Bitcoin


8/16/2022, 9:28:06 AM

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Lightning Bitcoin is on the decline this week.

The price of Lightning Bitcoin has fallen by 3.04% in the past 7 days. The price declined by 2.02% in the last 24 hours. In just the past hour, the price shrunk by 0.06%. The current price is $0.273423 per LBTC. Lightning Bitcoin is 99.97% below the all time high of $1,037.53.

The current circulating supply is 3,860,807.622 LBTC.


What Is Lightning Bitcoin (LBTC)?

Lightning Bitcoin (LBTC) is a global value decentralized web transmission protocol with specific applications such as peer-to-peer payment systems and trading platforms. The LBTC protocol allows its users to use the LBTC platform for real-time and secure transactions. Lightning Bitcoin aims to create an extremely low-cost, high-speed, and scalable decentralized Internet transfer protocol for value. 

The whole efficiency and performance of transaction processing at the bottom layer are guaranteed by Lightning Bitcoin. The platform achieves on-chain expansion by changing the consensus mechanism and the confirmation algorithm.  

As LBTC has implemented Delegated Proof Of Stake (DPoS) and on-chain governance, users can vote for proposals for network development and directly select suitable delegates. This helps the LBTC protocol to be the lightning accounting nodes so that everyone can participate in the project. A node is a part of blockchain technology that maintains the ledger of decentralized transactions. Similarly, on-chain governance refers to the system of managing and implementing significant changes in the blockchains. With LBTC, the PoW (Proof-of-Work) centralization problem is solved.  

Lightning Bitcoin has developed a series of plug-and-play tools to facilitate token customization, confirmation, circulation, and acceptance at the application layer. With the underlying performance and design of the application layer, the threshold of financial services has been lowered, allowing everyone in the world to make convenient and no cost payments anytime, anywhere, almost without cost to them, whether it is crowd funding, a charity cause, or more complex payments. 

 The features of the LBTC coin are as follows:

  • Autonomy of the community: Everyone can participate in decision-making, thanks to the on-chain governance system.

  • Scalability: LBTC's DPoS mechanism reduces the number of nodes, allowing it to scale more quickly.

  • Fast: Transactions can be completed instantly.

  • Lesser Fees: Transaction fees can be as low as 0.00001 LBTC, depending on the byte size of the transaction.

  • Safety: The overall design is based on the fact that Bitcoin has been running stable for nine years. 


History of Lightning Bitcoin (LBTC)

LBTC was officially launched in December 2017 with Stan Larimar as its project consultant.

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