[Weekly report] 18 JulyLBTC Video | Tech updates | Reddit Account | Bounty Program
MilestonesOfficial LBTC mobile wallets
The LBTC team is currently developing mobile wallets, which will be released soon. That will allow more users to join and transfer LBTC using mobile phone wallets.
Technical improvementFull Node walletWindows version has been compiled, wallet will be released soon;
In the Linux version, the team fixed bugs including vote command, cancel vote command and register help message error.
Block ExplorerAdded the forging node summary function, which can query the total number of forging nodes, the total number of successful forging nodes, the total number of failed forging nodes and the name/address of failed forging nodes.
Currently, the LBTC team is focusing on the upcoming node election and upgrade the LBTC network this week. After the upgrade, we will add a new feature which allows users to create their own tokens using the LBTC Token Standard.
AnnouncementsItalian Bitcointalk ANNouncementThe LBTC community has added an Italian version of announcement on Bitcointalk.org. Our announcement pages are also available in Chinese, English, Russian, German and Spanish. You are encouraged to join our global communities and add more language versions of our announcement page.
Lightning Bitcoin on RedditThe official LBTC community page on Reddit has been launched. LBTC supporters are encouraged to join our Reddit community and post LBTC related contents.
Community progressLBTC’s Official Introduction video on YoutubeThe LBTC team has uploaded the Chinese and English versions of LBTC introduction video on the official Youtube channel.
The LBTC Bounty Program websiteCurrently, the bounty program website has entered the beta testing stage and will be launched soon. The website is primarily used as a lightning plan assessment guideline. This reward points system will incorporate but not limited to community involvements, technology development, and content generation. LBTC supporters can exchange points for LBTCs. The bounty program website will promote the development of LBTC community positively and expand the community exponentially.
The LBTC article on NullTX [former TheMerkle]This article introduces LBTC’s DPoS consensus mechanism, which solves bitcoin’s network congestion and miner centralization issues. The article primarily focuses on the features of LBTC’s unique DPoS mechanism and LBTC’s future development plan. LBTC supporters are encouraged to visit the website and read the article.
The LBTC article on CoinScheduleThe article introduces the origin of LBTC, the technologies behind LBTC, its main characteristics, listed exchanges, wallets and the team information. In the end of the article, it suggests that Lightning Bitcoin achieves the best qualities of Bitcoin and EOS. It improve transaction speed dramatically. The author suggests that given the future business partnerships and technological developments, Lightning Bitcoin has the potential to be the main bitcoin fork in the future.
Jinse Finance and Economics releases an article “What’s the Future of Bitcoin Forks”On July 12th, Jinse Finance and Economics published an article called “What’s the Future of Bitcoin Forks”, which analyzed the origin, the value, the current situation and future path of the bitcoin forks. In this article, BCH, LBTC, BTG and SBTC are analyzed comprehensively.
Regarding LBTC, the author holds an optimistic view on LBTC in terms of becoming a major payment gateway for global transactions.
WeChat account “House of Blocks” publishes an article “Are Super Nodes Fading Away?”On July 12th, House of Blocks published an article called “ Are Super Nodes Fading Away?” This article talks about the heat of super node elections, which attracts many organizations to participate. The super nodes are separated into two categories, which are project nodes and non-project nodes. Project nodes include EOS nodes, TRON nodes and LBTC nodes. Non-project nodes include Huobi nodes and so on. The author holds a positive view on LBTC.
The LBTC Community launched Bihu pageThe LBTC community launched a Bihu page: LBTC Fans Gathering Place. Community members’ thoughts and opinions will be posted there. LBTC supporters are encouraged to subscript to the account and contribute contents. Content contributions will be rewarded based on the Lightning Plan.
The title of the first article is “The Correct Understanding of Bear Market-Get to Know Bitcoin Forks, Automatic Investment Plan”. This article mainly analyzes the origin of bitcoin forks and the relationships between the vision of bitcoin forks and the market, with the final thoughts on the risk and reward of investing in LBTC.
CommunityJack Zhang’s Interview with Blue WhaleOn June 21st, Jack Zhang had an interview with Blue Whale Finance and Economics and published the article called “Jack Zhang of Chainfunder: Mainly invests in overseas blockchain projects, China projects are more impetuous”.
Jack Zhang stressed in the interview that developing oversea communities of a blockchain project is critical. For Blockchain projects, the size of the communities directly relates to the overall impact of Blockchain projects. LBTC will prioritize overseas community building and get approval from Japan FSA to become a payment method locally. In terms of fund investments, the goal is to identify “disruptive innovation”, including innovation in consensus mechanisms with technological breakthroughs from zero to one.
Jack Zhang’s Interview with Vernacular BlockchainOn June 21st, Jack Zhang received an interview with Vernacular Blockchain. Then they published an article entitled “How to evaluate Jack Zhang”.
For Jack Zhang, Vernacular Blockchain’s evaluation is “Another successful case of your choices are more important than you working hard”, “a bright and controversial public figure”, “a serious blockchain investor with traditional financial background”. These titles summarize popular impression of Jack Zhang. Then, the article mainly touches on the story of Jack Zhang becoming a senior blockchain preacher from buying Bitcoin during his internship period.
Is there any exchange with LBTC depositing and without KYC?
Sorry, all the exchanges will require KYC
Lightning Program Rewards Since the bear market is long, it’s more important than ever to focus on building the community. Currently, the LBTC team is actively promoting new technologies. After upgrading the network for node election, a new token issue function will be added to the network along with payment gateway.
We appreciate the community members who supporting us all the way in this bear market. We believe that Lightning Bitcoin will shine eventually with the mission of becoming a fully decentralized internet-of-value protocol.
It has been more than two months since our contributors get rewarded through the Lightning Program. Below is the list of contributors who have made significant contributions to our community since then. Later on, the brand new bounty program website will be live which will make our community members easy to participate in our Lightning Program. Everyone is welcome to join our community and make contribution to the Lightning Bitcoin ecosystem.
The First Place:117 (Wechat Name)
Contributions :Operates 7 LBTC Wechat groups with average 320 people per group. 117 promots LBTC related news, issues daily Crypto summaries and manages Wechat public account called “LBTC Fans”
Rewards: 40 LBTC
The Second Place:Dmitri
Contributions: Operates and manages
https://lbtcscan.io/ and
https://explorer.lbtcscan.io/, manages English telegram group. Built telegram bot.
Chen Tuo (Wechat)
Contributions: translated five English reports, published two high quality articles on the Forum, commented on two articles and operated one high quality Wechat group.
Mathilda
Contributions: helped to manage Wechat groups, promoted LBTC related articles, managed Toutiao account called “区块链1111111” with 27 posts. Published two articles on 8btc.com. Manages 1 wechat group.
Rewards: 35 LBTC
The Third Place: Seven (Wechat Name)
Contributions: Senior LBTC community operator, operates 6 Wechat groups with average 180 per group. Published 10 LBTC related articles.
Suredaly (Wechat Name)
Contributions: published 10 LBTC related articles in the Forum, operates Wechat public account called “LBTC Fans” with 10 published articles.
The Fourth PlaceSywlion
Contributions: Published 5 LBTC related articles, operates 1 Wechat group, and many other articles on multiple social platforms.
Rewards: 25 LBTC
The Fifth PlaceMr Maotai (Wechat)
Contributions: Senior Community member, operates 2 Wechat groups with average 243 members per group; operates one QQ group
Huang Kaiquan (Wechat)
Contributions: Active community member, operates 7 Wechat groups with average 105 members per group. Promotes positive energy in the community
Zhuang Qi
Contributions: Jinse writer, published two high quality articles with high reviews.
LBTC fans gathering place
Contributions: Bihu writer, published two high quality articles with high reviews.
Rewards: 20 LBTC
The Sixth PlaceGary
Contributions: translated the ANN into Italian
Rewards: 15 LBTC
The Seventh Place Sion
Contributions: active community members, operates one LBTC Wechat group
Shanhei Designer
Contributions: Webo Designer, design LBTC related pictures
Rewards: 12 LBTC
Special Rewards: Qincheng
Contributions: Hardcare LBTC fan, helps to promote more than 170 LBTC related news
Rewards: 5 LBTC
Chris Osgood
Contributions: raised a technical question on GitHub
Rewards: 5 LBTC
Please add the following Wechat account for claim your rewards: chain11223344, telegram contact: kristikbot1, or leave your LBTC address. After confirmation, the rewards will be issued within 3 days.
We will keep promoting our Lightning Program. Please let us know if there are any other major contributors who are not on this list. If you have any objections about the rewards, please reach us.
The Lightning Program will keep improving as the project moving forward. We will evaluate every suggestion from the community and hope that you will be more patient with us.
【Bi-weekly】LBTC ReportMilestonesThe LBTC bounty program has entered the final testing stage
The LBTC bounty program has entered the final testing stage and will be officially launched next week. You are welcome to participate in the bounty program and make contributions to the LBTC community while getting rewards.
Technical ImprovementsAfter the network upgrade for node election, the LBTC team will add a token issue function for users. At the same time, the LBTC team will also release a Windows version of full node wallet.
For Lightning Node Election, a multi-signature function will be added to the original plan, which can add additional security for Lightning Nodes.
A new function called getdelegaefunds is added to full node wallet for searching nodes’ LBTC holding amounts.
The Windows version full node wallet has been completed and entered the stage of testing. It is expected to release next week.
AnnouncementsCode Upgrade for Node Election has been postponedAfter considering the more upcoming network upgrades within a short period of time, which would add lots of workloads to our users, the LBTC team has postponed the full node wallet upgrade. Thank you all for understanding and support.
Link:
https://mp.weixin.qq.com/s/-iHlVFesltHNLKi-ZLsMOAThe Lightning Node ElectionThe LBTC team has announced a list of qualified candidates. Considering their contributions to the LBTC community, the LBTC team will vote for those who wants to become lightning nodes. Each candidate will get votes from the inactive addresses. However, each candidate can only have one wallet address to participate in the election:
These are the Nodes we chose to support: Digifinex, the first exchange that supports LBTC
Cobo wallet, the largest supporter in our network stability
Bitpie, one of the most famous wallets in industry
BTCC, one of the longest-running pools in the world
Bying, the first wallet to support LBTC
Hyperpay, joined the community late but has great potential
Dmitrii, our strongest supporter from the Russian community
Node Capital, the first fund to support LBTC
Tang from BitOcean to support our Japanese community
Medium:https://medium.com/lightning-bitcoin-blog/lightning-node-elections-and-network-upgrade-instructions-1f29ab9625c0?source=linkShare-b7554939b4ba-1532590530Link:
https://mp.weixin.qq.com/s/-iHlVFesltHNLKi-ZLsMOACommunity ProgressLBTC’s List.Wiki page is createdLBTC’s list.Wiki page has been created. List.Wiki focuses on cryptocurrencies and has detailed introductions on hundreds of cryptocurrencies.
The LBTC list.wiki page has 11 categories, which give a comprehensive introduction on LBTC. The contents include LBTC’s origin, mission, goals and so on. Welcome to check the page and learn more about LBTC.
Link:
http://list.wiki/Lightning_Bitcoin_(LBTC)
LBTC’s Facebook page has createdLBTC’s Facebook page has created and published multiple posts. Welcome to leave a comment on the page!
Link:
https://www.facebook.com/LightningBTC/Jinse Finance and Economics published an article called “Whether On-Chain Governance Era is Coming”
The article argues that “On-Chain Governance” is a complex problem that is formed in the context of the existing governance structure. After analyzing EOS, Tezos and LBTC, the article suggests that LBTC’s On-Chain Governance concept is highly integrated. However, if it is not implemented properly, it may be end up into chaos, just like EOS.
Link:
https://www.jinse.com/bitcoin/216900.htmlBihu: Fans Gathering Place published an article called “Top Student: Lightning Bitcoin”
The article suggests that the key of fork lies in the innovation. LBTC is an innovative bitcoin fork because it’s based on UTXO model with DPoS mechanism, on-chain governance, payment gateway and smart contracts.
Link:
https://bihu.com/article/946653LBTC Fans Published Interview with the LBTC’s core Developer.LBTC Community Account: LBTC Fans interviewed LBTC’s core developer, WHH. During the interview, he confirmed with the LBTC roadmap and answered multiple questions related to “gateway” from the community. He explained the mechanism behind payment gateway in details.
Link:
https://mp.weixin.qq.com/s/lthrt08r9pqb9ISFIFTiRwJoin us on 8btc!Welcome to visit 8btc forum and publish articles to promote LBTC, or leave comments under LBTC related posts. We are thankful for community supporter “sywlion” who took the lead in publishing.
8btc forum, established in 2011, has grown into the biggest blockchain/cryptocurrency community in China where blockchain developers, users and investors can exchange quality views and ideas. Publishing LBTC related articles will help more people understand and support us and enhance the popularity of LBTC.
Link:
http://8btc.comEntrepreneur: Why Cross-Chain Technology Matters in The Crypto World
Entrepreneur is a famous website that publishes information about various industries and enterprises. It also has its own electronic journals. An article entitled "Why Cross-Chain Technology Matters in The Crypto World" is published on it.
The article mainly talks about the technology concept of cross-chain technology, atomic swap, side chain and interledger protocol. The author thinks Lighting Bitcoin (LBTC), the third cross-chain scheme, interledger protocol, meets the trustlessness condition and with a cryptographic condition, can also perfectly constrain the behavior of participants when exchanging non-crypto assets.
Link:
https://www.entrepreneur.com/article/317074Community ActivitiesDiscussion on gateway and smart contractLBTC Chinese community leader Jack Zhang started a topic on forum: Discussion on gateway and smart contract. Join the discussion now!
Here’s the latest LBTC Rewards!LBTC has announced the list of LBTC Rewards from April to July. Come check out whether you’re on the list!
Link:
https://chat.lbtc.io/topic/132-%E3%80%90%E6%A6%9C%E5%8D%95%E3%80%91%E9%97%AA%E7%94%B5%E8%AE%A1%E5%88%92%E7%AC%AC%E4%B8%89%E6%9C%9F%E5%A5%96%E5%8A%B1/https://chat.lbtc.io/topic/133-lbtc-rewards-list-of-lightning-bitcoin-community-early-awards/Community PicsSome awesome pics from community designersSince our Instagram was set, designers from our community have provided many high-quality, interesting works! Feel free to use these materials for LBTC promotion or content creation. Welcome to send us more of your works. It’s time to show your talent!
Find more fun works here:
https://www.instagram.com/lightningbitcoin_official[moderator's note: consecutive posts merged]