Lightning bitcoin

1. Lightning bitcoin has not been well known because it is a bifurcated coin of bitcoin. Many users in the coin circle instinctively dislike this kind of token. Fork coin has now become synonymous with money and running. But what you may not know is that all bifurcated bitcoin can be called currency in the eyes of foreign regulators. The US SEC only recognizes bitcoin and Ethereum as currencies because they have not concted ICO in public channels. Accordingly, these bifurcated currencies are regarded as currency. And lightning bitcoin is the only one that doesn't pre dig in the fork coin. You can imagine that bitcoin is 100 banknotes issued by a bank, and all kinds of bifurcated banknotes are equivalent to banknotes of different denominations issued by the bank. You may not be able to understand the valuable value of this. When it comes to the circulation of entities, if you are a bifurcated coin of bitcoin, it is easy to pass the government compliance. In short, the reason why the Grand Prince BCH can get through the physical circulation in Japan so quickly is just the light of bitcoin
then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders

so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.

2.

To be honest, I had the same problem with the subject at the beginning. When I saw the news, I was a little confused and went to search. As a result, when I searched for lightning bitcoin or lightning bitcoin, either lightning network or bitcoin came out... This name is quite poisonous

Let's get down to business. Let's draw a conclusion first. It's not a thing at all

many people have talked about what lightning network is. You can look at other people's answers to get a deeper understanding of its mechanism, or you can go to the official website with better English to see their papers directly http://lightning.network/ . Lightning bitcoin official website in Chinese, save the trouble of translation https://lbtc.io/ . The origins of the two lightning bolts are very similar. They both hope to solve the problem of bitcoin network congestion. One is to carry the protocol, and the other is to change the fork to consensus. The results of the two lightning bolts are also good. The transaction speed is greatly improved, which can be regarded as real-time. The following table directly shows the similarities and differences between the two:

as can be seen from the above, the differences between the two are relatively large, and should not be confused any more~

3. Compared with BCH and BSV, lightning bitcoin LBTC is also derived from bitcoin, and its original intention is to solve some shortcomings and defects of bitcoin itself. However, the biggest difference of LBTC is that it adopts dpos consensus mechanism instead of pow consensus mechanism. The most significant advantages of LBTC are as follows:

first, it greatly improves performance, As we all know, the number of transfers per second of bitcoin, that is, TPS, is only about 7, and other bitcoin forked coins using POW consensus mechanism are almost the same. The theoretical value of TPS of LBTC can reach 2800, and the current actual level can reach more than 1000, and the performance has been improved by several orders of magnitude. The slogan "fast as lightning" is by no means empty words. If you are interested, you can download a wallet from the official website of LBTC or Cobo to experience it

Second, it greatly reces the energy consumption and participation threshold. As we all know, the high energy consumption caused by POW mining represented by bitcoin has been criticized by the outside world. At the same time, because mining has already become a heavy asset instry, mining machinery, mining and other fields have been monopolized by a few big players, ordinary small and medium-sized investors and new manufacturers have little room to survive, It has formed a situation in which the strong are always strong. However, POS / dpos currencies only need ordinary PCs or even mobile phones to run wallets and stack, so as to obtain revenue

thirdly, it introces chain governance, which achieves a good balance between democracy and efficiency. At the same time, it encourages users to actively participate in community affairs through voting and staging mechanism. In the world of pow, power is power, simple and crude; In the world of POS, those who hold more money will have more right to speak and gain

in the world of dpos, it is not simply to see who holds more money. At the same time, it needs the extensive support of the community to exercise power on behalf of the community. At the same time, the majority of small and medium-sized users also have the opportunity to launch motions, express their demands, and participate in decision-making

because bitcoin has carried too many interests, we are very cautious about any improvement of bitcoin, and the pace is very slow, which leads to the division of the community and the proction of many forked coins. However, in fact, compared with bitcoin, the improvements made by BCH and BSV are quite limited, so the improvement in all aspects is also very limited

therefore, if you take a closer look at LBTC, you will find that it is actually a very interesting bitcoin fork coin. I think it is a very bold and imaginative experiment based on bitcoin. If lightcoin has been used as a testing ground for new technologies and new ideas for bitcoin in many cases, LBTC can be regarded as a testing ground for bitcoin with greater and more thorough changes

just mentioned, one of the biggest obstacles in the promotion and use of bitcoin is that TPS is too low to carry high-frequency transactions. Compared with bitcoin and some well-known bifurcated currencies such as BCH and BSV, the performance of LBTC is improved by several orders of magnitude, and the actual TPS can reach more than 1000

increasing TPS can rece verification time, but it will inevitably sacrifice security or decentralization. If TPS increases blindly, blockchain will completely sacrifice "decentralization". At the same time, the requirements on the miner's machine configuration will be more stringent. If it can not upload the transaction in time, it will proce more unfinished transactions, and the hidden danger will be greater. Although EOS uses 21 super nodes to achieve high efficiency, it also sacrifices some "decentralization" and security, and introces potential risks such as DDoS

in the past two years, many public chain projects blindly pursue high TPS, and often claim to have achieved tens of thousands, hundreds of thousands or even millions of TPS. In order to improve TPS, some project parties buy millions of equipment to test in a laboratory, which only plays a PR effect or amuses themselves. Such a high TPS is meaningless. Even if it can reach or close to such a number, for the current market demand, it also belongs to excess performance, which is bound to cause unnecessary waste of resources

according to the calculation of relevant research institutions, even if the public chain processes 100 million transactions every day, thousand level TPS is enough. It's worth noting that the TPS of Libra, which is to be launched by Facebook, is also around 1000. You should know that Facebook has as many as 2.7 billion users in the world, which should be determined by them after careful consideration

this means that LBTC's TPS can meet the needs of processing 100 million transactions per day, which is quite pragmatic and can fully meet the needs of global users in the next few years. Moreover, LBTC also has a high degree of scalability. With the further improvement of global Internet infrastructure, the performance of LBTC will continue to improve. It can be said that the current LBTC has found a good balance in the "Impossible Triangle" of efficiency, security and decentralization

in the view of many bitcoin fundamentalists, only the pow path chosen by Nakamoto is the only right way. POW consensus mechanism has experienced nearly 10 years of stable operation and continuous market test, and dpos has been more than 6 years since its birth. So how about doing an experiment to see what wonderful chemical reactions can be proced by combining bitcoin with dpos

if this dpos version of bitcoin can also withstand the continuous test of 10 years, will we still insist that only POW is the only right way for bitcoin? Of course, we don't have a definite answer to this question. Time will tell

although I also claim to be a believer of bitcoin, I think the existence of LBTC is very meaningful. This significance does not mean to replace bitcoin, or like some fans of other forked coins, I think that only the branch I support is the real bitcoin, but to explore more and wider possibilities in technology and form a useful supplement to bitcoin.

4. Why does bitcoin keep rising
because the output of bitcoin is fixed, the demand for bitcoin is increasing
who is buying bitcoin? This round of increase is mainly caused by overseas institutions
why should institutions configure bitcoin
in fact, it may not necessarily be the special currency, but the essence is the diversification of assets (the most fundamental difference is that retail investors invest for value-added, while large capital investment only for non depreciation)
so will bitcoin continue to rise? Then it's time to ask if all the institutions have bought
in the previous article "how to catch up with the last bus of bitcoin, I have just introced that more than 20 institutions / listed companies such as PayPal, grayscale and MicroStrategy have entered the market
among them, we have already bought 530000 bitcoins through this "help sell channel"
grayscale is just a channel, and there will only be more and more channels like grayscale
behind these channels are a variety of institutions, all of which have the need to configure bitcoin. The current situation is that one institution has finished buying, and there are more institutions after it
the bitcoin market is very small and needs too many institutions. So if you ask me, is the agency finished? I think this is just the beginning.

5. BTC partial trapezoidal buckle,
min drift minimum diameter,
vt vamtop buckle,
Tenaris blue from Japan seems to be a brand, uncertain,
HCS high carbon steel,
premium flushed special connection, flushed should be flat connection

6. Take our life as an example. When you buy things on double 11, tmall's sales of more than 100 billion a day and huge digital computing are applied to cloud computing
there are also agricultural procts like rice, oil and so on
for example, vonetracer traceability system of wangchain technology is related to us.

7. During the period of bitcoin circulation, a variety of other new virtual currencies have sprung up one after another. Their value has a certain impact on the real economy, including lightning bitcoin
first of all, in order to solve the problems of miners centralization and network congestion in bitcoin, a dpos consensus mechanism based blockchain was formed by the lightning team hard branching bitcoin; That's lightning bitcoin (LBTC), and LBTC is an important part of the bitcoin experiment
however, with the rapid development of bitcoin, it is far from meeting the needs of users, so we have put forward various expansion schemes. Nakamoto originally intended to mine with one CPU per person, but at present, the computing power is concentrated in the hands of some large-scale mines and mining machinery manufacturers, and the code modification authority is in the hands of the core team, Ordinary investors who hold bitcoin can't affect the development of bitcoin at all. They lack decision-making power. The essence of bifurcation is that the bookkeeping right and voting right of bitcoin are not separated
LBTC's consensus algorithm effectively separates bookkeeping rights from voting rights. Once bookkeepers commit crimes, they will be deprived of bookkeeping rights, and there is no room for maneuver
lightning bitcoin mining scheme
1. LBTC uses dpos mechanism to block out, and 0.0625 lbtcs are awarded for each block
2. Mining starts from block 500000 and ends at block 131499999 (the end of 2030)
3. The half cycle is every 42 million blocks, and the first half starts at the 265 million blocks
according to the netizens bought, LBTC supports the millions of transactions per second, which is even more than Alipay's peak trading volume, or even basically a second charge, and the handling fee is 0, with very few miners' expenses.

8. Gold is negatively correlated with the US dollar
based on my long-term experience in analyzing and guiding the market of gold, silver and crude oil, the international price of gold is denominated in US dollars, so it is affected by the fluctuation of US dollar price. The rise and fall of the US dollar will directly affect the change of international gold supply and demand, thus leading to the change of gold price
in terms of demand, gold is priced in US dollars. When the US dollar rises or falls, it will lead to changes in the purchase amount of gold with the same value in other currencies, thus inhibiting or stimulating demand. As a result, the price of gold will also change
from the perspective of currency, both of them are hard currency. When risk environment and risk events stimulate risk aversion, they will promote their purchase intention& quot; When it comes to buying gold in troubled times, they often have a positive correlation
crude oil and US dollar are also negatively correlated
similarly, the international pricing of crude oil is also in US dollars, and the fluctuation of US dollar exchange rate will also affect crude oil as mentioned above< However, crude oil is a necessity. The United States has a large number of crude oil export channels, and crude oil plays an important role in instrial development. When the dollar rises or falls, it also determines the supply. In order to control the domestic circulation of funds. Therefore, there is a negative correlation between them
crude oil and gold. In principle, it doesn't matter
however, both of them are influenced by the US dollar, so in most cases, they are listed as positively correlated
most of the time, they go their separate ways and are usually in a risk aversion mood

9. The price of bitcoin changes all the time. To know how much RMB the bit ratio equals, you need to check the value of the day. You can search the price of bitcoin on the web
today's price is about $10000 per bit, equivalent to RMB 65539.06 per bit. It can be said that it is an unprecedented high price. If you have it now, it is not recommended that you wait for it. After all, it is not good to lose money. Many big platforms can exchange it.