Does anyone know about LBTC?

As a very bold and imaginative experiment based on bitcoin, LBTC can be regarded as a bitcoin experimental field with more thorough changes. LBTC is more innovative than LTC, adopting DPoS*** identification algorithm and chain governance to operate the network. The significance of the existence of LBTC is not to try to replace Bitcoin, but to explore more and wider possibilities in technology, which is a useful supplement to the ecological formation of Bitcoin.

The birth of LBTC is to break the monopoly of big miners and bitcoin core, introduce more new features and functions for Bitcoin, and greatly improve its performance. Lightning Bitcoin (LBTC) is a peer-to-peer electronic cash system. It is an innovative experiment based on bitcoin. It adopts the DPoS*** identification mechanism based on UTXO, which separates the right to vote from the right to charge, so that tokens are no longer kidnapped by any party. It is a global value Internet transmission protocol with high speed, low processing cost and high scalability. Due to the adoption of DPoS*** knowledge mechanism, users can participate without professional mining machines, realizing real decentralization.

The expansion history of Bitcoin consists of the following two stages: Bitcoin split-Bitcoin core and Bitcoin cash (20 15.5-20 17.8), and then Bitcoin cash continued to split into Bitcoin cash ABC and Bitcoin SV (20 17.8-20 18). In this paper, the author describes in detail 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 first appeared in Zhihu 20 17 12 17.

The following is a chronological update—

abstract:

Bitcoin cash is a force of "radical expansion" and a response to new york's knowledge.

Chronicle of expansion dispute:

20 10 June 5438+00:

Satoshi Nakamoto proposed the upper limit of 1MB block to resist the attack of dust. At this time, the upper limit of 1MB is 700 times the average block size. He said that this upper limit can be moved out at a set height in the future (BitcoinUnlimited deployment).

BTC.top deploys BitcoinUnlimited

CANOE deploys BitcoinUnlimited

2065438+March 2007:

AntPool began to support BitcoinUnlimited.

The anonymous author Shaolinfry proposed UASF, which is based on BIP148 (after1,the isolated block of Segwit is not supported).

Sergio Demian Lerner proposed Segwit2mb (later renamed Segwit2x). Advocate merging and activating Segwit soft bifurcation and 2MB hard bifurcation)

April 20 17:

AntPool's AsicBoost caused controversy.

2065438+May 2007:

The mine pool with 83% computing capacity reached an agreement in new york and began to prepare Segwit2x.

June 20 17:

Segwit2x released the alpha version on time (the project was hosted by Jeff Garzik).

AntPool released the UAHF scheme (if Segwit2x was not activated in time, AntPool made an undisclosed BU hard fork when UAHF month 1 went online).

More than 85% of the computing power on the writing chain supports the new york protocol.

July 20 17:

Satoshi Nakamoto once again made a high-profile appearance, expressing support for BU route and opposing Segwit technology. It is also said that 20% of the computing power will be promoted to a non-Segwit mine pool to interfere with the Segwit in the main chain or hard fork a chain without Segwit.

UAHF scheme is converted into bitcoin scheme, and the upper limit of 8M is hard forked in August 1 day, and the new chain currency forked out is named bitcoin cash, abbreviated as BCC or BCH.

20 18 12, the lightning development team from Sweden put forward a new expansion plan, that is, changing the * * * knowledge mechanism of Bitcoin, learning the DPOS * * knowledge mechanism of BTS and EOS, and then expanding through chain governance to remove miners' monopoly and bitcoin core.

On June 365438+1October 3 1 day, 2008, a cryptographer (or maybe a group of people) with an alias of "Satoshi Nakamoto" published a white paper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System" on the Internet. This white paper describes a revolutionary technology to users and creates the world's first truly point-to-point and decentralized monetary system.

In the past three months, that is, 65438 Beijing time+June 3, 2009, the author of the white paper "Satoshi Nakamoto" personally created the first bitcoin GenesisBlock on a small server in Helsinki, Finland, and won the first prize of 50 bitcoins. The first bitcoin came out!

Since then, Bitcoin has gradually entered the mainstream vision. Unconsciously, Bitcoin has been with us for 10 years.

On the occasion of Bitcoin 10 anniversary, let's review the development of Bitcoin in the past ten years.

the year of 2008

On August 18, bitcoin.org domain name was registered by Satoshi Nakamoto.

65438+1October 3 1 bitcoin white paper released.

In 2009

On October 3rd, 65438/kloc-0, "Satoshi Nakamoto" created the first block, namely the GenesisBlock of Bitcoin, and won the prize of 50 bitcoins.

65438+ The first version of Bitcoin client was released on1October 9th.

12 year 10 month 12 day, "Satoshi Nakamoto" issued its first bitcoin transaction and transferred it to Halfeni, with a total transaction amount of 10 BTC.

20 10 year

On May 22nd, Laszlo, a Florida programmer, posted on BitcoinTalk and bought two pizzas with 10000btc. So the first fair exchange rate of 1 bitcoin equivalent to 0.008 USD appeared.

On July 1 1, Bitcoin was first reported by the technology media Slashdot, which brought a large number of users to Bitcoin.

/kloc-in July of 0/6, MT.Gox, the first bitcoin exchange, was established, and people had a trading platform for exchanging bitcoins.

165438+1On October 27th, the first bitcoin "mine pool" Sluch pool came out.

20 1 1 year

On February 13, the price of bitcoin was the same as that of the US dollar, reaching 1 US dollar.

In March, the speed of the whole network reached 1T, which ushered in the era of GPU mining. The price fell to $0.6.

20 12

On September 27th, the Bitcoin Fund was established and an invitation system was implemented.

165438+1on October 28th, the output was halved, and the excavation amount has already accounted for half of the total 2 1 10,000.

20 13

65438+1October 65438+June 6, Avalon produced the first commercial bitcoin ASIC mining machine.

165438+1October 22nd, Yi Gang, deputy governor of the central bank, said: it is impossible for China to recognize the legality of Bitcoin in the near future.

65438+February 0 1 bitcoin rose by 52 1% every month, and the price exceeded the price of 1 ounce of gold for the first time.

On February 5, 65438, the People's Bank of China and other five ministries and commissions issued the Notice on Preventing Bitcoin Risks, which led to a sharp drop in bitcoin prices that day.

20 14

On February 28th, MTGOX, the world's largest cryptocurrency exchange, claimed to have been hacked, 800,000 bitcoins were stolen and filed for bankruptcy liquidation.

20 15

12/07 Segwit was first proposed.

20 16

65438+1October 14 lightning network white paper was released for the first time.

20 17

65438+10.2, bitcoin soared at the beginning of the year, and the domestic price once again exceeded 1000 USD.

65438+1On October 6th, the People's Bank of China and its Shanghai headquarters interviewed three bitcoin exchanges in Beijing and Shanghai respectively.

On September 4th, the People's Bank of China and other seven ministries and commissions issued the Announcement on Preventing the Financing Risks of Agency Issuance, requiring all domestic exchanges to close at 10.

10 10/3 1 day, the three major domestic bitcoin exchanges announced that they would stop trading in RMB and bitcoin, and the domestic bitcoin exchanges made a full curtain call.

20 18

101October 3 1 Bitcoin 10th Anniversary White Paper!

the year of 2020

In May this year, bitcoin production was halved.