Lightning Bitcoin
Curated by SignalCrypto payments provider addressing PoW centralization with governance solutions.
Overview
Lightning Bitcoin functions as a cryptocurrency payments provider, concentrating on mitigating the centralization challenges linked to Proof of Work (PoW) by utilizing a Delegated Proof of Stake (DPoS) consensus mechanism and an on-chain governance system. The platform enables users to engage in network development by voting on proposals and choosing delegates to act as Lightning Bitcoin's lightning nodes. This arrangement seeks to improve decentralization while keeping transaction fees low. Aimed at cryptocurrency users and developers, Lightning Bitcoin offers a structure that promotes community participation and governance, potentially fostering a more democratic and efficient blockchain ecosystem.
Key facts
- Founded
- 2017
- Headquarters
- United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Crypto
Business model
- 8 products and services
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Contact
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