What is LightBit
LightBit aims to disrupt the crypto industry by lowering
transaction fees for wallet to wallet exchanges.
We built a platform for everyday use cases
LightBit is a peer-to-peer Internet currency offering instant, low cost fees to users around the globe.
LightBit is an open source, universal payment system that is fully decentralized without any governing central oversight
The network is secured by cryptography and enables people to have control of their own funds. LightBit has fast confirmations providing a better user experience.
The validity of LightBit is provided by a blockchain. A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded.
The block time is the average time it takes for the network to generate one extra block in the blockchain.