Back to the allegedly real forks. Our actual second fork should come on or around December 23rd at block 499,999, with a main-net launch the following week.
The purpose behind LBTC is to provide, that's right, lightning fast payments. To do this, the currency will expand its block size to 2MB and sport a three-second block time. The team hopes that these additions will help Lightning Bitcoin processes anywhere from 1,000 to 10,000 transactions per second.
Lightning Bitcoin is also making its mark on the fork scene by abandoning Bitcoin's proof of work consensus mechanism. Instead, it will opt for a delegated proof of stake system similar to Ark's. In addition, LBTC will join SBTC by building smart contracts on its blockchain. These innovations will not be active upon the main net launch, but the team plans to have them developed by Q3 of 2018.