[Weekly report]

Listing on FUBT | LBTC giveaway | Finwise Summit | HTTPS |

Lightning Bitcoin [LBTC]

Published in

Lightning Bitcoin Blog

6 min readMay 28, 2018

Milestones

Listing on FUBT exchange

on June 1st, FUBT exchange will open LBTC deposit and withdrawal service on 1 June. Founded by Hong Kong Bixing international CO., LTD., FUBT is a global digital currency exchange and a rapidly growing blockchain asset trading platform. It provides multi-cryptocurrency, multi-language cryptocurrency exchange services to the global blockchain enthusiasts. FUBT Exchange, formerly known as MoneyHing, was set up and open for registration in June 2017. It officially opens for trading on July 10.

FUBT Announcement

LBTC-giveaway on FUBT

FUBT will be running 5-days LBTC giveaway, during these days LBTC transactions will be free of service charge!

Time: 1 June-5 June

Rules:

You can get 1LBTC by buying more than 20 LBTCs on FUBT exchange during the activity (top 20 only).
Trading volume ranking, the top three trading volumes will share the 30 LBTC during the activity (top 3 only).
Users who invite other users to register on FUBT and purchase more than 10 LBTC trading during the activity will be rewarded 1 LBTC (top 20 only).
Community Contribution Award. During the activity, administrators who established Telegram communities which have more than 10,000 community members will be rewarded 10 LBTC after official verification (top 1 only).
1 June preferential award. Users who trade LBTC with more than 100000 dollars on the FUBT exchange on 1 June will be rewarded 10 LBTC (top two only).

Note: the final interpretation of the activity belongs to FUBT.

Activity link

Technical Improvements

This week LBTC team optimized new features for block explorer and improved site security. The technical development plan is continuously optimized. Welcome more members to join the Discord technology exchange group of LBTC to accelerate the development of LBTC technology.

Network Updates

Block explorer:

- Added the function of checking transactions with the address;

- Adding the function of querying nodes working status.

Full node wallet:

- Completed the development of the “getaddresstransactions” command, which can locate addresses and related transactions according to addresses Hash;

- The “gettransactionnew” command responds to the new delegate information, and speeds up the synchronization of block data.

Announcements

HTTPS Protocol was added to the LBTC site

HTTPS is the most secure solution under the current technical background, which mainly has the following advantages:

HTTPS protocol can be used to authenticate users and servers to ensure that the data is sent to the correct clients and servers.
HTTPS protocol is a network protocol of encryption transmission and identity authentication, which is constructed by SSL+HTTP protocol. It is more secure than HTTP protocol. It can prevent data from being stolen and changed in the process of transmission, and ensure the integrity of data.
HTTPS is the most secure solution under the current architecture, which greatly increases the cost of intermediary attacks.

LBTC Official Website: https://lbtc.io

LBTC Forum: https://chat.lbtc.io

Community

Soon you will be able to buy real estate in Japan with LBTC

On May 21, Jack Zhang, head of the LBTC Chinese community, visited Japan and signed an agreement with Japan’s Silk Road Partners LLC to implement the relationship between China and Japan based on cryptocurrency and blockchain technology. Integration of LBTC assets into real estate and securities trading program.

The signing of the agreement will also explore alliances between LBTC and Japanese blockchain start-ups to further expand the scope of its overseas asset management business, gradually enhance the practical value of LBTC.

Article: LBTC | the most break-through fork-coin of bitcoin

On May 23rd, the well-know self media Biquan Avanti wrote an article about LBTC “LBTC | the most Breakthrough fork-coin of bitcoin.”

In the article, the concise evaluation of the LBTC as “innovation is my supreme knack.” This article introduces the differences between LBTC and other fork-coins of bitcoin, and the core advantages and recent developments of LBTC. Article

Interview to Japanese media “TSH Development”

On May 21, LBTC was interviewed by the Japanese media TSH Development in Tokyo, Japan, in the New Takanawa Prince Hotel.

During the interview we discussed the LBTC project content, economic development model, road map and comparison with other competing projects.

Finwise blockchain summit

LBTC attended the 2018 Finwise Tokyo Summit in New Takanawa Prince Hotel, Tokyo, Japan from May 21 to May 22.

LBTC Team had a great opportunity to attended the summit and introduce LBTC to the guests attending the summit. Many guests inquired about LBTC and expressed a strong interest in the design concept of LBTC’s desire to create a global information Internet. Welcome new members to our community!

Jack Zhang, head of LBTC’s China Community, attended the summit as an invited guest. He gave a speech at the summit on the theme of “blockchain investment strategy”.

On the afternoon of 22 May, Jack Zhang participated in a round-table discussion on the theme “blockchain mining pools and the future of the mining industry”. Hai Du, head of data at Huobi Blockchain Research Institute, Zhong Zhuang，head of BTC.com, the world’s largest mining pool, and Qianjie Zhao, senior vice president of BTCC also participated in the roundtable discussion.

As for the consensus mechanism, Jack Zhang believes that it is the safest consensus mechanism, but it also has its disadvantages, such as the waste of resources. The DPOS mechanism used by LBTC is a more comprehensive mechanism to balance the issues of safety, efficiency, and justice.

Interview with Japan’s media NHK

On May 21, Jack Zhang was interview by Japan’s NHK radio station in theNew Takanawa Prince Hotel in Tokyo, Japan. NHK (Japan Broadcasting Corporation) is the largest radio and television broadcaster in Japan. NHK documentaries are famous for their high quality and rigor.

The NHK radio station will produce a documentary about blockchain, which Jack Zhang is invited to participate in the recording. It is expected to become the most professional blockchain documentary in the next five years.

The interview includes Jack Zhang’s views on the Japanese block-chain industry, such as the legislature and regulations, the current situation of the Japanese market, as well as the views of the industry. At the same time, it also enquires in detail about the design concept, the technical framework of LBTC and the development prospect of LBTC in Japan and even in the world.

Interview with Shenlian Finance

On May 24th, Jack Zhang, head of the LBTC Chinese community, was interviewed by Shenlian Finance to talk about LBTC’s vision. Jack Zhang said the main development focus of LBTC will be on the payment system.

The IOV protocol of LBTC is designed to deliver value. LBTC will be the underlying protocol for a new generation of Internet financial transactions. It plays a value transfer role in remittances, digital currency conversions, peer-to-peer legal currency and digital currency conversions, and transactions between merchants. Any user who accepts the LBTC protocol can use LBTC almost free to guarantee the real-time, untampered and security of the transaction.