Bitcoin vs Primecoin vs Lightning Bitcoin
What problem does this service solve?
Bitcoin is the first digital currency and the first use case of Blokchain technology. The bitcoin blockchain was the first decentralized, immutable, and transparent ledger. | Primecoin uses prime number generation to improve Bitcoin's PoW protocol. | Lightning Bitcoin's goal is to create a faster, and more scalable, decentralized payment network. |
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Company Description
Bitcoin is the first digital currency based on blockchain. It solved the double-spending problem and enabled peer-to-peer transactions on a large scale. Bitcoin was designed to work as a trustless digital currency that would function without government oversight or a central bank. | Primecoin is a cryptocurrency based on finding prime numbers. Identifying prime numbers plays a central role in cryptography. Primecoin's unique Proof-of-Work (PoW) consensus mechanism is able to increase transaction speeds and improve energy efficiency. | Lightning Bitcoin is a cryptocurrency protocol with a DPoS consensus mechanism. It is a hard fork of Bitcoin that was created with the goal of improving transaction speeds and scalabilty. Lightning Bitcoin's on-chain governance system enables LBTC holders to vote for the blockchain improvement proposals and the delegates who maintain the network as Lightning Nodes. Lightning Bitcoin is not related to the Lighting Network, which is an off-chain protocol built on the Bitcoin blockchain. |