As a very bold and imaginative experiment based on Bitcoin, LBTC can be seen as a more radical Bitcoin test field.

LBTC is more bold and innovative than LTC, using the DPoS consensus algorithm and on-chain governance to operate the network.

The significance of LBTC's existence is not to try to replace Bitcoin, but to explore more and broader possibilities technically and form a useful supplement to the Bitcoin ecosystem.

LBTC was born to break the monopoly of power on Bitcoin by big miners and Bitcoin Core, introduce more new features and functions to Bitcoin, and significantly improve performance.

Lightning Bitcoin (LBTC) is a peer-to-peer electronic cash system and an innovative experiment based on Bitcoin. It uses the UTXO-based DPoS authentication mechanism to separate voting rights and accounting rights, making the token

No longer kidnapped by any party, it is a global value Internet transmission protocol with extremely high speed, low fees, and high scalability.

Due to the adoption of the DPoS consensus mechanism, users can participate without professional mining machines, achieving true decentralization. The expansion history of Bitcoin consists of the following two stages: the split of Bitcoin - Bitcoin Core, Bitcoin Cash (2015.5-

2017.8), and then Bitcoin Cash continued to split into Bitcoin Cash ABC and Bitcoin SV (2017.8-2018.11).

In this article, the author gives a detailed account of the first half of the history of Bitcoin expansion - the process of Bitcoin splitting into Bitcoin core and Bitcoin cash.

Author: Sun Valley This article was first published on Zhihu by the author on December 17, 2017 - The following content is updated in chronological order - Abstract: Bitcoin Cash is a force of "radical expansion" and a response to the New York *** consciousness

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Chronicle of the expansion battle: October 2010: Satoshi Nakamoto proposed a 1MB block limit to resist dust attacks. At this time, the 1MB limit was 700 times the average block size. He said that this limit could be set at a certain height in the future.

Move out (Deploy BitcoinUnlimitedBTC.top Deploy BitcoinUnlimitedCANOE Deploy BitcoinUnlimited March 2017: AntPool starts supporting BitcoinUnlimited Anonymous author Shaolinfry proposed UASF, based on BIP148 (orphaned blocks that do not support Segwit after August 1) Sergio Demian Lerner proposed Segwit2mb (later renamed Segwit2x

. Advocating the merger to activate Segwit soft fork and 2MB hard fork) April 2017: AntPool’s AsicBoost sparked controversy May 2017: Mining pools holding 83% of the computing power reached an agreement in New York and began preparations for Segwit2x June 2017:

Segwit2x releases the alpha version on time (the project is hosted by Jeff Garzik) AntPool releases the UAHF plan (if Segwit2x fails to be activated in time, AntPool will conduct an undisclosed BU hard fork during UASF on August 1) More than 85% of the computing power is on the chain

Wrote NYA to express support for the New York Agreement July 2017: Craig Wright made another high-profile appearance, expressing support for the BU route and opposition to Segwit technology, and said that he would raise 20% of the computing power to build a non-Segwit mining pool to interfere with Segwit or in the main chain.

Hard fork a chain without Segwit. The UAHF plan was transformed into the bitcoinABC plan, and a hard fork with an upper limit of 8M was carried out on August 1. The new chain currency that was forked was named Bitcoin Cash, referred to as BCC or BCH.

In August, the Lightning development team from Sweden proposed a new expansion plan, which is to change the security mechanism of Bitcoin, learn the DPoS security mechanism of BTS and EOS, and then achieve expansion through on-chain governance and remove miners.

Monopoly and the monopoly of Bitcoin Core. On October 31, 2008, a cryptography expert (or perhaps a group of people) named "Satoshi Nakamoto" published an article on the Internet titled "Bitcoin: A Peer-to-Peer Electronics"

Cash System" white paper, this white paper describes to users a revolutionary technology that creates the world's first true, peer-to-peer and decentralized currency system.