After Bitcoin Gold, Bitcoin Diamond and Super Bitcoin, another forked-coin Lightning Bitcoin is coming on the way. Initiated by a European team, Lightning, the project will become the first forked-coin that adopts the DPOS consensus mechanism, Bitcoin News reported.
The new project Lightning Bitcoin (LBTC) will fork at block 499,999 on or around December 23, 2017. The Lightning team employs DPOS mechanism that gives voting rights to token holders to avoid control of the system by any party.
According to its official website, “The DPOS consensus will significantly reduce the number of participating verification nodes and help LBTC reach consensus in seconds and boost the transaction speed to really be as FAST as lightning.”
The project hasn’t revealed its development team, except for the Chinese community leader “Jack Zhang”. They already got support from exchanges CEX.io, BTCC, gate.io and Coldlar wallet.